By: Diane Benjamin
I helped a friend do research on property values last week. Many houses in her neighborhood have sold in the last year and the selling prices have dropped dramatically.
I don’t know why the values are decreasing, but owners can not be forced to keep paying taxes on a value the house could never sell for now. Look at the assessment you recently got in the mail. Multiple the assessment by 3.33 – that supposedly represents the value of your house.
District 87 has plans to raise the tax rate for next year, your taxes will be going up.
Illinois property taxes are already among the highest in the country. Government isn’t looking out for you – so you have to look out for yourself!
Property information is available on the County website. A protest can easily be won if houses in your neighborhood are selling for less than they would have in prior years.
Fight back! If you need help, email me: email@example.com