Understanding property taxes can be a daunting task for homeowners, especially when faced with the prospect of appealing an assessment. Fortunately, real estate tax appeals can lead to significant financial savings, as evidenced by the following successful client case studies. These examples showcase how strategic appeals can result in significant reductions, benefiting homeowners greatly.

New Trier Township – Winnetka, IL

In New Trier Township, a property in Winnetka underwent a notable tax assessment appeal that improved the homeowner’s financial burden. The Cook County Board of Review agreed to a reduction in the property's total assessed value by 39,000. Originally assessed at approximately 275,000, it was successfully reduced to 236,000. This change resulted in an estimated tax savings of $9,097.35. Such outcomes highlight the importance of pursuing appeals when property assessments appear inaccurate or overvalued.

Hyde Park Township – Chicago, IL

A compelling example of persistence in appealing property tax assessments can be found in Hyde Park Township. Initially, the Cook County Assessor’s Office reduced the original assessed value from approximately 250,000 to 229,000. However, this was just the beginning. Tabangay & Turner filed an additional appeal once the Board of Review opened for the township, resulting in a further reduction. The final total assessed value was set at 203,480, representing nearly a 50,000 change and yielding a savings of $9,850.34 for the client. This case underscores the value of a comprehensive approach to tax appeals, ensuring that all possible avenues for reduction are explored.

Jefferson Township – Chicago, IL

Lastly, Jefferson Township provides another example of a successful assessment challenge. Here, the Cook County Board of Review granted a reduction of approximately 16,000 from the original assessment of 236,000, bringing it down to about 219,000. This reduction translated into a tax savings of $3,411.20 for the homeowner. Pursuing an appeal in this case demonstrated the potential benefits of reassessing and questioning property valuations.

These case studies highlight the tangible benefits residential property owners can enjoy by pursuing real estate tax appeals. Professional assistance and persistence can make significant differences, providing relief and financial savings. If you believe your property is over-assessed, it may be worthwhile to consider an appeal to ensure an equitable assessment and fair tax obligation.