Property Tax Appeal
 E-News Archive
 

 

 

What Our 

Clients Are Saying

 

We appealed on our own a few years ago and got no adjustment.  It was a bunch of government hooey.  Karen was successful on her first try with our appeal.  She did all the paperwork went to the hearing and got our value adjusted 17%.  Our tax savings was more than $1300.  We asked Karen to review our industrial property for 2013.  It's best to have an expert involved.  

Jeanne S.  
Hawthorn Woods, IL

Property Tax Appeal E-News 
Greetings!
 
On January 1st, each property in Illinois is revalued for assessment purposes.  Your Township Assessor is required to use sales figures from the prior three years to determine property value.  Remarkably, your County Board of Review uses a different standard.  If you haven't reviewed or appealed the valuation, your property might be over-assessed.  Never pay more than your fair share of property taxes!  Call me today!

Karen Krug
Founder and Presiden
K2 Consulting of IL, Inc.
847-854-9635

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Five Illinois Tax Facts You Should Know 
Watch This Video!
 
From IllinoisPolicy.org:  In 2010, the Illinois Policy Institute reported that Illinois is a high-tax state with a tax burden in the top third of all states. The Institute cautioned that any tax increase would damage the state's economic competitiveness. Illinois Gov. Pat Quinn and the Illinois General Assembly ignored numerous warnings and used a lame duck session in 2011 to pass a 67 percent personal income tax rate increase and a 47 percent corporate income tax rate increase.
10 Questions to a Fair Assessment   

 

Property taxes affect all of us.  This resource provides an explanation of the appeals process in McHenry County.

 

 

Read More.

 

 
IL Pension Funds and Property Taxes   

From the Illinois Policy Institute

 

It is interesting to note that two years ago Illinois families started paying an additional $1,500 as a result of the 67% personal income tax hike.  Families didn't really feel that pinch because the state tax hike occurred at the same time as the 2% federal payroll tax cut.  That payroll tax cut has been rolled back as of 2013 and Illinois families are finally feeling the effects of that tax hike.

 

 

So where is that money going?  Learn More.

 

Illinois Policy Institute 

Illinois Hospitals Seek Property Tax Refund
Crain's Chicago Business, By Kristen Schorsch
 
Three not-for-profit hospitals in Illinois are awaiting property tax refunds totaling nearly $10 million for taxes they paid during a lengthy lobbying effort to preserve their tax-exempt status. 

 

Read the full article.

DISCLAIMER - K2 Consulting of IL, Inc. is not a law firm and does not provide legal services. K2 Consulting of IL, Inc. provides real estate tax consulting services that include real estate valuations and assistance with administrative real estate tax appeals.