Lakeview Township Property Taxes
Home to Wrigley Field, Lakeview is one of Cook County’s most iconic townships, and is also one of the most populous. Lakeview has some of the most exclusive real estate in the county, while also boasting diverse neighborhoods and businesses. This eclectic mix has made the township one of the most popular places to live in all of Chicagoland, and the area continues to see a growing population. While there are many pluses to living in Lakeview, the largest downside is the high property tax bills, which have only grown annually over the past three decades. Homeowners and businesses do have a few options to lower these taxes, however, and more are being used now than ever before.
Palos Township Property Tax
Reassessment
All residents of Cook County can expect a big jump in their property values when the triennial reassessment of their homes and businesses occurs. Every three years, a section of the county is reassesed by the Cook County Assessor’s Office (CCAO), which leads to massive spikes in property value. As property value is the basis for all taxes, these sharp increases lead to larger bills. While Lakeview will not be reassessed in 2026, it still has to deal with increasing tax rates and the equalization factor.
How Property Owners Can Save
Property taxes in Cook County have increased for 30 years straight and show no sign of stopping. These unpredictable bills can make life difficult for businesses and homeowners alike, as no one knows exactly what they will get every year. Tax uncertainty has even driven the Chicago Bears to look outside the city for a new place to build a stadium. While systemic issues keep driving tax increases, taxpayers can fight back with a variety of techniques.
Exemptions: Every homeowner’s journey to tax reduction should start with the homeowner’s exemption if they don’t already have one. This provides a large reduction in equalized assessed value (EAV). This can be improved upon by exemptions for seniors, veterans, the disabled, and more. If a property owner missed the deadline, they can still file a certificate of error to get a missing exemption.
Property Tax Appeals: These are challenges against the values levied by the CCAO itself, and are based on either overassessment or unequal assessment. While these do require extensive evidence to be successful, they can save significant tax dollars for both homes and businesses.
Cost Segregation: While it is used to lower federal income taxes instead of property taxes, this can save businesses more money than any other tax-saving strategy. This uses accelerated depreciation to write down costs and can potentially eliminate income taxes entirely in the first year. The upfront investment can be significant, but cost segregation is usually worth it.
Property Tax Appeals are Becoming Key in Cook County
While they have become a general part of the lexicon since the disastrous 2023 reassessment, property tax appeals have always been an effective tool to right the wrongs created by the CCAO’s overzealous assessments. In 2025, the average property tax for a home increased by 16%, while some townships saw increases of over 100%. This led to the unprecedented step of the Board of Review (BOR) opening up appeals for a third go in December, along with a lengthy education campaign to inform the public about appeals. This bore significant fruit in 2026, with appeals being filed in record numbers, even outside of areas undergoing reassessment.
While homeowners and businesses have a lot of obstacles when it comes to property values, they have the advantage of having two different deadlines and appeal types. The first is assessor appeals, which are directly with the CCAO itself. In these meetings, the taxpayer can submit their evidence and attempt to get their assessed values brought down to realistic levels. If this fails, then a second round can be had with the BOR later in the year. For the people of Lakeview, the assessor deadline comes in July, while the BOR comes in the fall.
Lakeview Township Deadlines
While being late on taxes can cost taxpayers more in penalties and interest, there are other deadlines that should be tracked as well. For instance, missing the appeal or exemption deadlines means missing out on those particular avenues of tax reduction for a whole year. Cook County taxpayers do have two chances to file appeals, which is better than the rest of Illinois. First, there is the assessor appeal, which is directly with the CCAO. Then, months later, there is a formal appeal with the Board of Review (BOR).
- Assessor appeal deadline: July 13, 2026
- First installment of property taxes due: April 1, 2026
- Second installment of property taxes due: November 2026
- BOR appeal deadline: Pending
O’Connor Offers Elite Evidence
The hardest part of filing an appeal is gathering evidence. Not only is this the most important step, but it can take expertise to unravel some of the mysteries. To prove that a home or business is overassessed, a taxpayer must collect comparable sales dating back three years. These must be in the same location, with similar size, age, condition and characteristics. For cases involving a lack of uniformity in assessment, a taxpayer must find several assessments that have the same criteria as those for home sales. No matter the grounds selected, the evidence must be precise and curated to support the taxpayer’s case.
We at O’Connor are here to lend aid to taxpayers looking to appeal by providing expertise in evidence gathering. For over 50 years, we have put together cases against appraisal districts and assessors across the nation. When clients sign up with us, we will gather all of the key evidence for them after analyzing their assessment for any potential issues or leads. We then use data-driven techniques and our patented databases to find the exact evidence required, including sales records and assessments. Once this is put together, we will coordinate an appeal with a law firm with expertise in property tax matters. Our clients will never pay an upfront fee for this evidence or analysis, and we only ask for a percentage of the savings if our client and their attorney can get a reduction on their taxes.
Frequently Asked Questions About Lakeview Property Taxes
Property Tax Locations
Property Tax Protection Program™ Benefits
- No flat fees or upfront costs. No cost ever unless your property taxes are reduced.
- All practical efforts are made every year to reduce your property taxes.
- Never miss another appeal deadline.
- Property taxes protested for you annually.
- You do not have to accept the appraisal district's initial guesstimate of value.
- We coordinate with you regarding building size / condition to avoid excess taxes.
- Free support regarding homestead exemptions.
- Some years are good - typically 6 to 7 out of 10 will result in tax reduction for you.
- The other 3 to 4 years out of 10 we strike out. Most often due to people issues in the hearing process. Some years we get an easy appraiser at the informal; some years someone who is impossible to settle with.
About O'Connor
Property Tax Help Specialists
O’Connor provides property tax appeal services to over 100,000 clients in over 40 states. Client tax savings totaled over $120 million in 2020. O’Connor has been serving property owners since 1974, almost 50 years. Client tax savings total over $1,000,000,000.
O’Connor measures its success in client property tax savings, not billings. Our goal is to save clients $1 billion annually.
With over 200 property tax experts, many of whom have worked with us for 10+ years, O’Connor has the expertise to help with your property tax questions and appeals. We literally wrote the books on property tax reduction:
- Mass Appraisal for Commercial – What Every Commercial Property Owner Should Know!
- What You Need to Know about Business Personal Property
- Cut Your Texas Property Taxes
The steps to appeal are complicated and may seem like too much work, but when O'Connor represents your property for appeal, we handle the details. We provide a property tax reduction service to residential homeowners in exchange for a contingency fee of 30 percent of all property taxes saved through administrative hearings or judicial appeal, for that tax year.






