Property Tax Reduction Blog

Is it Legal to Raise Property Taxes 20-Fold in One Year?

Is it Legal to Raise Property Taxes 20-Fold in One Year?

The owner of the 3-unit triplex at 1633 S Avers Avenue (Chicago IL 60623) saw their Cook County property tax assessment increase 2,080% between 2023 and 2024. This is not a typo. The Cook County Assessor increased their opinion of the value of this property from $16,050 ($5,350/unit) to $350,000 ($116,667/unit). How can the value … Read more

From Modest to Monstrous: Property Value Soars by Unbelievable 2,797%

From Modest to Monstrous: Cook County Property Value Soars by Unbelievable 2,797%

The Cook County Assessor raised the market value of 626 N Long Avenue, Chicago by 2,797% in just one year! This is for a duplex in West Chicago Township.

Kaneville Commercial and Residential Values Increase by 7.2% and 7.3% Respectively

Kaneville

Property Values Up for Homeowners The residential market values of property owners in Kaneville Township, Kane County, saw a substantial increase of 7.3% from $158 million in 2023 to $170 million in 2024. The most considerable value increase of 13.1% was observed in properties with a value range of $750k to $1 million. Values increased in … Read more

Campton Township Kane County Values Update – Growth of 14.9% for 2024.

Campton Township

Residential Property Values on the Rise The market value of residential property owners in Campton Township, Kane County saw a substantial rise of 14.9% from $2 billion in 2023 to $3 billion in 2024. The most considerable value increase of 18.5% was observed in properties with a value range greater than $250k. Across the board, … Read more

Values of Commercial and Residential Properties in Burlington Township Experienced an 8% Increase

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Burlington Home Values on the Rise The residential property market values of taxpayers in Burlington Township, Kane County, experience a modest growth each year. The residential property market in Burlington Township saw a growth of 8% from $274 million in 2023 to $296 million in 2024. Significant growth was observed in each value range for 2024. The … Read more