Proposed 2024 property valuations are currently being published throughout the State of Illinois. Property owners have seen substantial increases in property valuations, with some as high as 50%, which can directly impact your property tax liability. 

It is critical to review your property valuations in a timely manner, so that you do not lose your opportunity to appeal. In most Illinois jurisdictions, the property owner has 30 days from the date of mailing to file a property tax assessment appeal. If the first level of appeal is missed, you may be forced to pay a higher property tax bill. 

2024 is a reassessment year for the City of Chicago and the Cook County Assessor’s Office will be reassessing property values in the following townships: Rogers Park, West Chicago, Lake View, Hyde Park, Lake, Jefferson, and North and South Chicago. If you own a property in any of these townships, review the proposed 2024 value as soon as possible. Our expert property tax practice is here to help you navigate the 2024 property value appeal process. Contact us to see how we can help ensure a fair assessment. 

 

Published: 09/02/2024

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