Once again, state lawmakers have kicked the can on making the tough choices necessary to put Illinois on a path toward fiscal health. On May 30, the Illinois Senate approved a spending bill that exceeds realistic revenue projections by as much as $1.5 billion, while failing to enact meaningful reforms to rein in the cost of government. Read More …
Do You Know The Value Of Your Home?
Written By, Jill Odzer – Lake County Appeal – Commercial Analyst Do you know what your home is worth and that there are several legal approaches to saving money on your property taxes? When you hire Lake County Appeal, our job is to convince the Board of Review that your property is over-assessed. The Read More …
Taxpayers Should Sign-Up Annually for An Assessment Review
Lake County Appeal’s residential clients frequently ask: Should I sign up every year? Our answer is always the same (regardless of whether we found a property to be fairly assessed in the previous year or we filed a successful appeal): Yes, you should sign-up every year for the following reasons: Assessed values and home sale Read More …
Lake County Increases the Senior Freeze Gross Income Limit to $65,000
When a property tax payer in Lake County applies for and subsequently receives a senior freeze, the assessed value of the relevant property will not be increased from the prior year’s assessed value. Lake County has increased the maximum amount of annual gross income that a taxpayer’s household can earn to qualify for the freeze from $55,00 to $65,000. Read More …
How to Sign-Up On-Line for An Assessment Review
Please visit www.LakeCountyAppeal.com and in the upper navigation menu please click Sign Up Now. You will then be redirected to our shopping cart. As part of our increased internet security, you will be prompted to open a user account. Opening a User Account Please enter a user name. Lake County Appeal recommends that Read More …
Other Ways You Can Reduce Your Lake County Property Tax Burden!
Written by, Ron Kingsley – Lake County Appeal Owner and Tax Attorney If Lake County Appeal (“LCA”) can reduce your Lake County property’s assessed value, your property tax burden will decrease. Additionally, there are many exemptions available to taxpayers that can reduce the burden even more. Make certain that you are receiving all of those you are Read More …
How did Illinois get into its financial mess, and what can be done about it?
Posted from: Outlook for Financial Markets BMO Wealth Management August 2017 Illinois is trying to avoid becoming the first “junk“ rated state. It already has the lowest credit quality rating among all 50 states. S&P Global Rating service warned Illinois legislators that without a viable budget for fiscal 2018, its third straight year without a Read More …
7/26/17 Would a Property Tax Freeze Be Good for Lake County Taxpayers?
Written by, Ron Kingsley – Lake County Appeal Owner and Attorney In an attempt to curb out of control Illinois property taxes, Governor Rauner, along with the Illinois legislature, recently proposed various pieces of legislation to freeze Illinois property taxes, and the Illinois Senate passed one of them, although it is unlikely to become law. Read More …
Chicago Sun Times 6/1/2017 “Let’s Understand Why Illinois has the Highest Property Taxes”
Click Here to read the Chicago Sun Times Editorial by Phil Kadner
06/27/2017 A Letter from the Attorney / Owner Ronald Kingsley
Dear Lake County Resident: This year, we have all seen the significant impact property taxes have had on Illinois residential and commercial property owners. Moreover, the media continues to cover historic Lake County property tax events. One event not yet covered, however, is the fact that, in 2016, according to the Multiple Listing Service (MLS), Read More …