Why You Should Review Your Newport Township Property Assessment
Your assessment plays a significant role in determining your property tax bill, so it’s worth making sure the information and value assigned to your property are accurate. Reviewing your assessment can help uncover factual errors, determine whether your property is valued appropriately, and reveal how your assessment compares with similar properties in Newport Township. If your property appears to be overassessed or assessed higher than comparable properties, you may have grounds to file an appeal and an opportunity to reduce your property tax burden.
Your Options for Property Tax Relief
While property owners cannot challenge their local tax rates or the equalization factor through an assessment appeal, there are ways to potentially reduce the amount of property taxes they owe. Because property taxes are based on the assessed value of real estate, reducing an assessment or taking advantage of available exemptions may lower a property’s taxable value.
For Lake County property owners, two of the most important opportunities to explore are property tax exemptions and assessment appeals. Each works differently and independently, and eligible property owners should take advantage of every option available to them.
Exemptions:
Property tax exemptions are often the simplest way to reduce your property tax burden, yet many eligible homeowners neglect to claim them. The Lake County homestead exemption can reduce the Equalized Assessed Value (EAV) of a qualifying home by $8,000. Additional exemptions may be available to homeowners who are 65 or older, have a qualifying disability, or meet certain veteran eligibility requirements. Because exemptions are based on eligibility, property owners should review the available options to make sure they are receiving every exemption they qualify for.
Property Tax Appeals:
These take a different approach by challenging the assessed value of the property. If a property is overvalued or assessed higher than comparable properties, an appeal may provide an opportunity to reduce the assessment. Appeals require supporting evidence, such as comparable properties, recent sales, and accurate property information. They are also attached to strict deadlines that vary by township. For Lake County property owners, reviewing the assessment early and understanding the local deadline can be critical in preserving the opportunity to appeal.
Appeal Can Mean the Difference in Avon
The main driver of a successful property tax appeal is the evidence. This is because appeals must be decided on certain grounds, each of which requires a specific type of evidence. In cases of overassessment, which occurs when a home or business is assessed at more than its market value, the taxpayer must provide a series of property sales dating back three years. For cases of a lack of uniformity, the taxpayer needs to bring assessments that indicate they are being overassessed. The evidence in either case must meet strict requirements and should be similar in size, location, age, and other characteristics.
In addition to strict evidence, appeals also have a narrow deadline, usually 30 days after the notice of assessment has been published. There is only a single appeal deadline, which is with the Board of Review (BOR). While Cook County has two separate cutoff dates, this is not the case for Avon Township or the rest of Lake County. This means that a taxpayer must be fully prepared by their deadline, or they will lose the ability to challenge their values entirely. There are several deadlines that a taxpayer needs to be prepared for.
Property tax appeal deadline: October 5, 2026
First installment of property taxes due: June 4, 2026
Second installment of property taxes due: September 4, 2026
From Assessment to Appeal, O’Connor Can Help
An effective property tax appeal depends on strong supporting evidence, but gathering that evidence can be one of the most time-consuming parts of the process. Property owners must review their assessments, identify potential errors, determine whether their property is valued fairly, and research comparable properties to support their case.
This is where O’Connor can help. We begin with a data-driven analysis of your property assessment to identify potential opportunities for a property tax reduction. If we find an opportunity, our experts use extensive property data and research to identify relevant comparable properties and gather the evidence needed to support your appeal. Once the evidence is assembled, we coordinate with a law firm that focuses exclusively on property tax matters. There is no upfront cost, and you only pay for our evidence if your property taxes are lowered.
