Frequently asked questions
Everyone should have an advocate on their side to ensure that he or she is being properly assessed and taxed by the County Assessor’s Office. There are certain cases when it is imperative that you check your assessed value.
Specifically, if any of the following situations have applied to you within the past three years, it is in your best interest to sign-up for a property tax assessment review! These situations include:
- New or existing home purchase
- New home construction project
- Remodel and / or addition
- Vacancy in your commercial or industrial property
At Lake County Appeal, we fight to help you lower the assessed value of your property, which is a major factor in determining your property tax bill. When your assessed value is lower, your property tax bill will be lower too.
There are many ways to go about a property tax assessment reduction, and Lake County Appeal takes the time to review each case individually to determine the best method for a successful reduction. That is why Lake County Appeal wins more tax appeals in Lake County than any other firm!
At Lake County Appeal, we possess the knowledge capital to win even the most challenging appeals. Our firm is comprised of a plethora of resources, including a proprietary database, local and experienced analysts, brokers and legal advisors.
Our team knows Lake County. Over the years, we have developed deep-rooted experience that spans across neighborhoods, schools and townships. Our strong relationships with county representatives and years working along side the most stringent decision makers positions us ahead of the curve.
We will not file an appeal solely based on a computerized algorithm. Rather, we will do so only with the oversight and knowledge of a trained real estate professional and tax attorney.
Lake County Appeal wins more tax appeals in Lake County, Illinois than any other firm!
The legal team at Lake County Appeal is experienced and familiar with how the assessment and property tax appeal process works.
A quick search on the internet will verify that trying to appeal your assessed value in Lake County is very difficult, and some people will tell you that it is almost impossible to succeed on your own. Your time is too valuable to deal with the aggravation of trying to fight your assessed value…let the legal team at Lake County Appeal handle it all for you!
Lake County Appeal is the largest and most successful property tax appeal firm in Lake County, as we win more tax appeals in Lake County, Illinois than any other firm! Lake County Appeal has lowered market values for our clients by over $500,000,000!
It is very simple to sign up with Lake County Appeal! You can click here to begin. Once you sign-up, it will only take a few minutes to complete your RapidReviewSM . You can quickly and easily provide LCA with the necessary information on-line through our RapidReviewSM. LCA pioneered the online appeal, and now our RapidReviewSM system makes it even easier and faster to sign up for an Assessment Review.
We handle everything for you from beginning to end.
Your e-mail receipt is your acknowledgment that we are in receipt of your information.
- A team of LCA real estate brokers places a property tax valuation on your property.
- The property tax valuation is cross-checked by LCA’s Head Researcher.
- LCA’s tax attorney owner reviews and determines if an appeal is warranted.
- If so, your appeal is filed, including all administration, documentation, hearings and communication with the county.
- Savings from a successful appeal will be split between LCA and the property owner. Property owner’s share: 62.5% LCA’s share: 37.5% (only the first year’s savings!)
You will be contacted by email or phone to let you know that the appeal has been filed.
In the event that the County Board of Review denies our appeal, or if it doesn’t reduce your property’s assessed value as much as we believe it should have, we will file another appeal with the Illinois Property Tax Appeal Board at no additional charge to you.
Findings from the County Board of Review are not released until the beginning of March.
*Important Note: Your township assessor will publish your new property tax assessment between July and September. Until we have all of the necessary information from the county and your township, we cannot finish our research. As soon as the information is available, Lake County Appeal will proceed with your Assessment Review.
Our tax attorney owner and his team of highly experienced real estate brokers work together using our proprietary software to determine whether your property is fairly assessed. Since we use so many resources during the review process, we collect a nominal fee* to maintain the integrity of the assessment review. If we find the property valuation to be unfair, we file the appeal at no additional cost. If the appeal is successful, we will collect 37.5% of the first year’s tax savings, while you retain the remaining 62.5%, as well as 100% of any subsequent years’ tax savings.
RESIDENTIAL: To review the property tax assessment on a single-family home, condominium, townhome or duplex, Lake County Appeal charges a one-time fee of only $65.
COMMERCIAL, INDUSTRIAL and MULTI-FAMILY: The up-front fee to review the property tax assessment of your commercial, industrial or multi-family property is $300 for a 4-year contract.
MULTIPLE PROPERTIES: Call us today at (847) 790-7400 to have us review the assessment of multiple properties. We will inform you of the up-front fee.
We determine your tax savings by taking your original assessment and subtracting your lowered assessment and multiplying the difference by the tax rate set forth on your property tax bill.
Your e-mail receipt is your acknowledgment that we are in receipt of your information. Soon after, our legal team will begin the process of checking for factual errors and creating our own preliminary valuation.
We then must wait for your township assessor to publish your new property tax assessment so that we can complete our review. This usually occurs around August or September.
Please be aware that much of the waiting process is due to the “red tape” at the county and township assessors’ offices. Until we have all of the necessary information from the county and your township, we cannot finish our research.
As soon as the information is available, Lake County Appeal will proceed with your Assessment Review and file an appeal, if warranted. YOU DO NOT NEED TO WORRY ABOUT ANY DEADLINES…Lake County Appeal will always keep you on track!
The official Notice of Findings from the County Board of Review is not released until the beginning of March.