The 2025 tax year in Chicagoland presents a unique opportunity for property owners to appeal their assessments. Whether you're facing increased property taxes or simply want to ensure your assessment reflects your property's true value, appealing can be a crucial step toward financial fairness.
Why File a Tax Appeal?
Filing a tax appeal can potentially reduce your property tax liability and ensure that you are not overpaying. Given the economic fluctuations in our area, it's essential to verify that your property assessment is accurate and just. With the right approach, you can challenge discrepancies and secure a fair rate.
Success Stories from Our Clients
Over the past year, we have helped numerous clients successfully navigate the tax appeal process. Most recently, two properties in Hyde Park Township were granted significant relief. The Cook County Assessor's Office reduced one property from a 2025 assessed value of 203,480 to 164,710. Another property was reduced from 92,000 to 77,382. These reductions resulted in estimated tax savings in the thousands.
Filing Appeals for Vacant Properties
One notable success this year involved a commercial property with a significant vacancy rate. We achieved a considerable tax reduction for a client whose property had a 2/3 vacancy. The assessment was reduced to 339,823 from the original 422,500. Filing an appeal for vacant properties can uncover discrepancies in valuation related to occupancy rates, potentially leading to substantial savings.
How to Start Your Tax Appeal
Initiating your tax appeal is easier than you might think. Here at Tabangay & Turner, we offer a seamless process to help you gather the necessary documentation and present a strong case. Our team stands ready to consult with you to understand your specific situation and develop a strategy tailored to your needs.
Don't miss out on the opportunity to protect your financial interests. Contact us today to learn more about how we can assist you in filing your tax appeal this year.
We believe in empowering our clients with the knowledge and tools they need to advocate for fair taxation. Let us be your partner in achieving the financial relief you deserve.