Property Tax Reduction Blog
Elk Grove Reassessment Increases Home Values by 26%
It’s officially reassessment time for Elk Grove. Always one of the most dreaded times of the year for property owners in Cook County, reassessment universally means more taxes for homeowners in and around Chicago. Cook County taxes have increased annually for 30 years, and 2025 is no exception. While Tax Day may be well into the future, now is the only time you have to reduce your taxes. You should have received notice of reassessment in May for your home or business property. It is this number that the Cook County Assessor’s Office (CCAO) will base your taxes on in the coming year. While you cannot protest your tax rate, tax bill, or equalization number, you can appeal against your property’s assessed value. This is the only option you have to reduce your property taxes, so now is the time to strike. Reassessment in Cook County Every three years, a... Read More
49% of Gwinnett Homes Are Overvalued and Overtaxed
Gwinnett County is one of the most diverse and fluid communities in America. The second-largest county in Georgia, Gwinnett County has seen a population and housing boom that few other communities can match. With a meteoric rise in population, the demand for housing is soaring, driving up values for homes across the county. While great for sellers, it also puts stress on homeowners wishing to stay, as it brings increases in property taxes. The Atlanta area has suffered from staggering property taxes for years, and it seems to only be getting worse. With increased migration, construction, and gentrification abound, Gwinnett County is seeing the price of all properties rise to levels never seen before. The taxable value of family homes is up 7.9%, while commercial properties are up a whopping 15.6%. Gwinnett Taxable Value of Homes Jumps 7.9% The taxable value of homes across Gwinnett County saw a sizable jump... Read More
Suburban Cobb County Sees Homes Increase in Taxable Value by 3.1%
A major component of the Atlanta metropolitan area, Cobb County is in the heart of Georgia. One of the fastest-growing communities in America, Cobb County and the greater Atlanta area are quickly becoming one of the top property markets in the United States. However, while an economic boom and an increasing population are great for the area in the long run, growing pains can be expected. This includes increasing values for homes and business properties.Therefore, when the worth of property climbs, so do property taxes. Cobb County Residential Taxable Value Rises 3.1% According to the Cobb County Board of Tax Assessors, the market value of all single-family residential properties is $103.50 billion. This is 3.1% higher than the 2024 total of $100.35 billion. Properties of all values saw their worth increase in this timeframe, with the exception of homes valued under $250,000. The majority of value was found in homes... Read More
Illinois Circuit Breaker Property Tax Relief Act Demonstrates the Need for Tax Appeals
We have previously covered the growing inequality and staggering costs of property taxes in Cook County and Illinois. Illinois already has the second-highest property taxes in the nation, and Cook County is the epicenter of the problem and a microcosm of all the issues that plague Illinois. So far, the only option for the people of Illinois to protect their homes and businesses has been property tax appeals. However, it appears that there may be some help on the horizon. While currently stalled, legislators have put forth a proposal for a “circuit breaker” to be inserted into Illinois property tax law. The Circuit Breaker Property Tax Relief Act has gained a lot of attention and support across the state. If enacted, it could possibly bring relief to homeowners across the state. What exactly does this entails, and how does it reveal the problems festering under the surface? What is a... Read More
Cook County Property Value Climb Outside of Reassessment Years: An Analysis by Township
Since 2000, the words “Property reassessment” have filled Cook County property owners with dread. Over a three-year period, the Cook County tax assessor turns their gaze to sections of Chicago and the surrounding townships. Each year, a section of the county is assessed, with all real property certified in anticipation of taxation. As one third of the county is assessed each year, the other two watch with bated breath, hoping to see what their future holds. For the past few decades, these reassessments have not brought relief to some of the worst property taxes in America, they have compounded them. In some parts of Chicago and the surrounding townships, property taxes have doubled, tripled, or even gone up to over 500%. Since 2020, some neighborhoods going through gentrification have seen numbers even higher than that. Property taxes in Cook County are snowballing fast and are only getting worse. The townships... Read More