By, Charles Selle – Chicago Tribune August 20, 2018 In the rarefied air of the 10th floor of the Lake County Building, some lawmakers must have been lacking oxygen the other day. That’s the only conclusion one can reach after County Board members voted to put a meaningless tax question on the November ballot. Read More …
Why your suburban property taxes are so extortionately high
Politicians talk about providing homeowners with well-deserved property tax relief. If they’re serious, they have to tackle the local public-sector pension crisis first. By, Hilary Gowins – Crain’s Chicago Business August 24, 2018 Dwight Magalis retired in 1997 as Lake County administrator at age 52. He has collected $2.7 million in pension benefits since then. Read More …
Op-Ed: Why your property tax bill is so high, and how to fix it
By Austin Berg | Illinois News Network Aug 2, 2018 Vicki McCarthy purchased her home in northern Illinois’ Round Lake Beach in 2002, paying $195,000. She now pegs that home’s value at around $180,000 and is staring at a property tax bill of nearly $8,000 a year. Illinoisans such as McCarthy know all too well Read More …
Unbalanced – Written by, Adam Schuster – Illinois Policy, 5/30/18
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 …