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415 Washington St - Suite 201
Waukegan
Phone: 847.377.2050
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Understanding Your Property Assessment
July 2013
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Dear Resident,
Property owners will be receiving their blue assessment notices over the next few weeks. It's important for taxpayers to read and understand this notice. This newsletter will connect you to the resources you will need to help you evaluate your property assessment.
Evaluating your 2013 property assessment valuation
- Review all of the information on the assessment notice.
- Visit assessor.lakecountyil.gov to review assessment information including property characteristics, comparable property information, and the e-filing process.
- Discuss any questions on your assessment value or property information with your township assessor's office.
- If an assessment appeal is in order, prepare evidence by using the Lake County Comparable Grid at assessor.lakecountyil.gov, and other materials such as appraisals, or sales documents.
- Complete an assessment appeal form (by paper, or electronically using the e-filing system) and submit with supporting evidence to the Board of Review by the prescribed deadline.
- You can attend the hearing in person, by telephone, or submit case materials and ask the Board of Review to decide the case based on the evidence provided. This is the most efficient mode for an assessment appeal. Most cases can be resolved without in-person or telephone hearing. Particularly cases based upon a recent purchase of a subject property, or those based upon an appraisal provided by an Illinois licensed provider.
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County Update - Property Tax Assessments
In this episode of Lake County Update, Chief County Assessment Officer Marty
Paulson talks about the complex subject of property tax assessments. Get answers to your questions about property tax assessments, including how assessments impact your property tax bill, the appeal process, and how to access helpful resources. Watch Now.
Please note: Taxpayers will receive their assessment notice in July or August.
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Need to Know for 2013
Can I e-file my assessment appeal with the Board of Review?
On-line filing of appeals will be available in Lake County in 2013. Some taxpayers used this process last year as well. The on-line filing application allows for the uploading of evidence such as the Lake County Comparable Property Grid, an ad valorem appraisal and a legal brief. For cases regarding the recent sale of a subject property, the on-line application requires answering a series of questions about the transaction and allows for the upload of a HUD-1 or Settlement Statement. Filers will receive an email confirmation that their case has been submitted within one business day of the filing being completed.
It is important to note that the on-line appeal application depends upon the successful operation of many electronic systems, each beyond the control of the Board of Review. Lake County cannot guarantee the availability of the on-line application, and the Board highly recommends appellants not wait until a filing deadline to submit their appeals on-line. Filing deadlines are fixed and not extended if, for some reason, the on-line application is unavailable.
The Board of Review has made some changes to its rules and procedures for assessment appeal hearings. One misconception is that a property owner would need to have an attorney to file an assessment appeal. Can a taxpayer still file an assessment appeal?
Yes, in nearly all instances a taxpayer can file the assessment appeal without the assistance of an attorney. The county provides a tremendous amount of property assessment related information on the CCAO website. The Board of Review has tools that can be used for searching for comparable property information and completing forms on the office website. Corporations and limited liability companies will need to utilize an attorney in the assessment appeal for their properties.
View full list of Frequently Asked Questions
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Resources for Individual Assistance
Tax Assessment Help Centers
Throughout the months of August and September, the Chief County Assessment Office will host a number of Tax Assessment Help Centers. The Help Centers provide one-on-one taxpayer assistance in evaluating property assessments.
Help Centers on weekdays will be from 5 p.m. - 8 p.m., and Saturday sessions will be from 9 a.m.-12 p.m.
College of Lake County Southlake Educational Center
1120 S. Milwaukee Ave., Vernon Hills
Aug- 8, 15, 22, 29
Sept- 5, 12
University Center of Lake County
1200 University Center Dr., Grayslake
Aug - 1, 6, 10, 13, 17, 20, 24, 27, 31
Sept - 3, 7, 10, 14
Taxpayer Advocates
Taxpayer advocates will be available at the Chief County Assessment Office Monday - Friday, 8:30 a.m. - 5 p.m.
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Additional Property Tax and Assessment Facts
- The property tax process is set out in State law, not at the local government level.
- Factors that impact your property tax bill: assessments, taxing districts' budgets, and new referendums approved by voters.
Visit the Assessor's Office website at
assessor.lakecountyil.gov
to review assessment information including property characteristics, comparable property information, and the e-filing process.
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