By Ron Kingsley – Lake County Appeal, Tax Attorney and Owner - May 2025
The Chief County Assessment Office is responsible for assessing your property. The assessment should be the fair market value (what the county believes you could have sold your property for on January 1, 2025) multiplied by .3333 (for all Illinois counties besides Cook). 2025 is the third year in the assessment cycle for Lake, DuPage, McHenry, Kane and the other Illinois counties besides Cook. Barring significant changes to your property, the assessor will make township level adjustments only.
For example, in Ela township, where I live, the tentative increase in the value of ALL properties for 2025 is 7.86%, according to the Chief County Assessment office. Is this correct? The short answer is, “It depends.” Customers should hire LCA to do the evaluation! Lake County Appeal recommends an annual assessment review. When compared to the potential tax savings, our small up-front fee is certainly cost-justified. Annual assessment reviews should be viewed as a necessity, just like an annual medical exam or furnace servicing.
Life is busy, and we don’t want you to miss your opportunity…You have only 30 days to file an appeal once your assessment notice is published. You are reading this now, why not hire Lake County Appeal while you’re thinking about it?
Keep your eyes peeled for our upcoming newsletters to make sure that you do not miss the deadline to hire Lake County Appeal.