Attorneys At Law

Attorneys practicing in and around the Chicagoland area. Experienced in the practice areas of Real Estate Law, Mortgage Foreclosure Defense Litigation, Social Security Disability, Business Law, & Estate Law.

Attorneys At Law - Attorneys practicing in and around the Chicagoland area. Experienced in the practice areas of Real Estate Law, Mortgage Foreclosure Defense Litigation, Social Security Disability, Business Law, & Estate Law.

Cook County 2018 Property Tax Bills Are Online Now

The first installment of your 2018 Cook County property tax bill is now available online.

Cook County SealThis is the earliest the bills have been made available for payment and give property owners the ability to pay property taxes before the end of this year.

There has been a high number of requests from property owners and tax advisors for earlier tax bills and payments.

You are urged to consult with a tax professional about possible tax deductions if you pay before the end of the year.

 

Pay Your Cook County Property Taxes Online

The first installment property tax bill has been posted at cookcountytreasurer.com.

You can find your tax bill at https://cookcountytreasurer.com/setsearchparameters.aspx by using your address or 14-digit property index number.

  • Make a payment (payments are now accepted on the March 1, 2019, tax bill)
  • See if a refund is available
  • Download a copy of your tax bill
  • Sign up to receive tax bills by email
  • Find out if your delinquent taxes have been sold

First installment taxes for the 2018 tax year are 55 percent of the prior year’s total tax.

 

Cook County Property Tax Due Date – First Installment

The tax year 2018 first installment due date is Friday, March 1, 2019

 

Illinois home with tax lien

Receive Your Tax Bill by Email

Enroll in eBilling and your next tax bill will be delivered via email.

  • The bills are sent by administrator@cookcountytreasurer.com. Add that email to your address book or change your spam filters to ensure delivery.
  • The paper bill will stop coming to your mailbox.
  • If you change your email address, you must update your account with your new address.
  • If wish to return to paper billing, log into your account and unsubscribe.
  • For more information, visit Research a Topic section.

 

 


* Advertising Material: To the extent that the information in this post is interpreted as attorney advertising in accordance with the Illinois Rules of Professional Conduct or within the meaning of state bar rules from all other localities, this statement is made pursuant to those rules.

Specialties: Specialization claims are prohibited by Illinois Supreme Court Rules and we do not claim to be specialists. The content of this e-mail is organized and presented for the sole purpose of general information. None of the included content should be construed as legal advice. Viewing this e-mail or e-mailing the account holder does not create an attorney-client relationship. NOTICE: This page may be considered advertising material.


 

The Law Offices of Lora Fausett P.C. provides real estate law services including loan modificationsbuying and selling legal assistanceshort sales and deeds in lieumortgage foreclosure defense, and more.

Located in Glen Ellyn, Illinois and serving clients in DuPageCookKane, Will, and Kendall Counties.

For Information Call 630-858-0090


Lawsuit Filed in Federal Court Challenging Cook County Property Tax Assessments

Cook County SealA rare lawsuit by a group of seven Cook County taxpayers has been filed in Federal Court challenging their property tax assessments by the Cook County Assessors Office.

 

Here is the story below that was originally published by jdsupra.com:

Rare Lawsuit filed in Federal Court Challenging Property Tax Assessments

Last week a lawsuit was filed in the U.S. District Court for the Northern District of Illinois by a group of seven Cook County taxpayers challenging the time it has taken to adjudicate their claims in the Cook County Circuit Court.

The lawsuit is brought, in part, under the Tax Injunction Act, a federal statute allowing a taxpayer to challenge a state or local tax in federal court when the remedy in state court does not provide for a ‘plain, speedy and efficient remedy.

The taxpayers have been contesting their real estate assessments in the Cook County Circuit Court for more than ten years.

For over a decade, they have been arguing in state court that their constitutional rights have been violated by an assessment process that departs from the requirements of the Cook County Classification Ordinance and the Illinois Constitution.

Now, they are alleging in federal court that the Cook County Court has bogged down due in part to the County’s destruction of records and that only the federal courts can provide them with an appropriate remedy.

You can review the complaint by clicking here.

It is highly unusual for a state court property tax dispute to migrate to federal court.

Overwhelmingly the federal courts have declined jurisdiction of state and local tax matters. Only when the state court remedy denies the plaintiff a plain, speedy and efficient remedy will the federal courts consider a case.

We expect that the County defendants will move to dismiss this lawsuit, and if they are successful, the case will continue in the Circuit Court.

The named defendants in this suit are Cook County Treasurer Maria Pappas and outgoing Cook County Assessor Joe Berrios.

The taxpayers are claiming total damages of more than $27.0 million.

The properties involved are in Bridgeview, Calumet City, Niles, Northbrook, Rolling Meadows, and Rosemont.

Original story via jdsupra.com

 


The Law Offices of Lora Fausett P.C. provides real estate law services including loan modificationsbuying and selling legal assistanceshort sales and deeds in lieumortgage foreclosure defense, and more.

Located in Glen Ellyn, Illinois and serving clients in DuPageCookKane, Will, and Kendall Counties.

For Information Call 630-858-0090

 


Illinois Underwater Homes Trap Homeowners in Place

DuPage County Property

Illinois home values in some areas have never fully recovered from the real estate market crash, trapping some homeowners in houses that they are ready to move out of.

 

Trapped in their underwater mortgages

For example, Steinar Andersen of Huntley Illinois is ready to move out of the state. He is a disabled veteran who cannot work because of service-related injury who still owes $187,000 in principle on his home.

“We really should be living in Arizona as it is more “disability friendly” and the property taxes are much less,” he said. He can’t though because he is so far underwater on his home loan.

Another example is Collen Percy and her recently retired husband, currently living in Plainfield.

“We’re stuck,” she said. “We would love to sell and go live in a smaller home so we don’t have the upkeep and tax burden.”

Unfortunately, they are $85,000 underwater on their suburban Plainfield home. They’re concerned that rising property taxes are further eroding their home’s value, pushing the opportunity to sell even further into the future.

Related: High Property Taxes Sending Illinois Homeowners Towards a Cliff 

 

Illinois has the highest rate of underwater homes

Edge of CliffA study of negative equity by real estate site Zillow found that nationwide, less than 10% of homeowners have negative equity in their homes.

In Illinois however, 16.4 percent of homeowners owe more on their mortgage than their home is valued at. Nationally, only the State of Louisiana had a higher rate.

In Chicago, the negative equity rate is at 20%, overtaking Las Vegas as the city with the highest negative equity rate in the nation.

 

Difficulty selling

The combination of negative equity and high property taxes can mean homeowners who want to relocate can’t actually sell their homes.

“It makes it difficult to move for a new job opportunity to relocate elsewhere,” Zillow economist Sarah Mikhitarian said.

The high property tax rates in Illinois serve to help slow or decrease the value of homes.

Related: Illinois Has Second Highest Property Taxes in Nation

Home prices in Illinois, while up since 2013, are still down 10 percent compared with the market peak in 2006, according to data from the Federal Housing Finance Agency.

Illinoisans need reforms to make owning a home more affordable, and staying in or moving to the Land of Lincoln more attractive.

 

 

You may call The Law Offices of Lora Matthews Fausett P.C. with your questions:  630.858.0090


* Advertising Material: To the extent that the information in this post is interpreted as attorney advertising in accordance with the Illinois Rules of Professional Conduct or within the meaning of state bar rules from all other localities, this statement is made pursuant to those rules.

Specialties: Specialization claims are prohibited by Illinois Supreme Court Rules and we do not claim to be specialists. The content of this e-mail is organized and presented for the sole purpose of general information. None of the included content should be construed as legal advice. Viewing this e-mail or e-mailing the account holder does not create an attorney-client relationship. NOTICE: This page may be considered advertising material.


 

The Law Offices of Lora Fausett P.C. provides real estate law services including loan modificationsbuying and selling legal assistanceshort sales and deeds in lieumortgage foreclosure defense, and more.

Located in Glen Ellyn, Illinois and serving clients in DuPageCookKane, Will, and Kendall Counties.

For Information Call 630-858-0090


Model Home Tax Exemption

Model Home Tax


About the Model Home Tax Exemption

Add value when representing the seller of a model home by finding out if they qualify for the Model Home Tax Exemption.

 

This valuable tax exemption applies to Single Family Homes, Townhomes, or Condominiums that are not being occupied as a dwelling, but rather are used as display or demonstration homes for prospective buyers.

The model home need not be vacant – staging, furnishings, and appliances are allowed, as well as offices and office equipment to further sales activities.

Once applied, the model home exemption functions to assess the model home at the same assessed value as the property had prior to construction.

This means huge tax savings for the owner. A property is eligible for this exemption for a maximum of ten years, and an owner is limited to no more than 3 models homes claiming the exemption within a 3-mile radius.

 

Law Offices of Lora Matthews Fausett, P.C.Contact our office for more information, and to see if your client may be able to utilize the model home exemption.

Call (630) 858-0090

 


 

* Advertising Material: To the extent that the information in this post is interpreted as attorney advertising in accordance with the Illinois Rules of Professional Conduct or within the meaning of state bar rules from all other localities, this statement is made pursuant to those rules.

Specialties: Specialization claims are prohibited by Illinois Supreme Court Rules and we do not claim to be specialists. The content of this e-mail is organized and presented for the sole purpose of general information. None of the included content should be construed as legal advice. Viewing this e-mail or e-mailing the account holder does not create an attorney-client relationship. NOTICE: This page may be considered advertising material.


 

DuPage County Property Tax Due Dates

DuPage County real estate tax deferralDuPage County property taxes must be paid every year by all property owners on the required due dates.

DuPage County property taxes are used to pay for schools, city services, fire departments, park districts, city services, forest preserves and township services.

In 2018, DuPage County property taxes may be paid in two installments.

 

DuPage County Property Tax Due Dates 2018

First installment due date – Due June 1, 2018

Second installment due date – Due August 31, 2018

 

How to Pay DuPage County Property Taxes

Online Payments

The taxpayer may pay their real estate taxes online using a Visa, MasterCard and/or Discover Credit Card through October 26, 2018.

When making your online payment, you will need your 10-digit property index number.  It is printed on the front of your tax bill.

If the bill is not available, the number can be acquired through the DuPage County website’s Property Tax Payment Status page.

You may want to contact DuPage County 630-407-5900 or you may contact your Township Assessor (also located on the front of your tax bill).

Schedule ePay from checking or savings accounts

You may schedule to ePay (electronically pay) your 2017 real estate tax bill on our website for the payment to be automatically withdrawn from your savings or checking account in the amount and date you set.

 

Schedule ePay with credit or debit card

You may schedule to ePay your 2017 real estate tax bill on our website using your Visa, MasterCard or Discover credit card for the transaction.

Please be aware that the credit card service provider will charge a 2.10% convenience fee for the transaction.  No portion of that fee is retained by DuPage County.   

DuPage County Treasurers Office

DuPage County Treasurer’s Office 421 N County Farm Rd, Wheaton, IL 60187

Make payment in person

You can pay property taxes in person at the DuPage County Treasurer’s Office using cash, check, credit or debit card during normal business hours of Monday – Friday 8:00 AM – 4:30 PM.

DuPage County Treasurer’s Office
421 N. County Farm Road
Wheaton, IL 60187

For after hours’ payments, drop off your payment in our Drop Box located in the south parking lot of the DuPage County Treasurer’s Office.

 

Make payments at bank

Taxes may be paid at many participating banks in DuPage County through August 31, 2018 (the 2nd installment due date).   View the list of participating banks

 

Payments by mail

Payments and correspondence may be mailed directly to the DuPage County Treasurer’s Office at 421 N. County Farm Road, Wheaton, IL 60187.

 

Make a Wire Transfer

To transfer U.S. funds by wire, contact us at allcollector@dupageco.org for specific instructions.  Please be aware your bank may charge you for this service.

 

DuPage County Property Tax Information

Visit the property tax lookup portal 

This portal leads to the following information for a parcel:

  • Tax bill information plus the ability to pay current year tax bill and print a duplicate tax bill.
  • Tax distribution information – where do your tax dollars go?  Includes links to the taxing bodies.
  • Assessment information, including any reviews or corrections made to assessments.

 

DuPage County property tax exemptions

View Real Estate Tax Exemptions in DuPage County

 

Property tax prepayments

Schedule your property tax payment via ePay

 

Due dates

First installment due date – Due June 1, 2018
Second installment due date – Due August 31, 2018

 

How are DuPage County Property Taxes Distributed?

DuPage County Board Chairman Dan Cronin explains how residents’ tax dollars are distributed.

Realted Post: DuPage County Property Taxes: Frequently Asked Questions

 

You may call the law office of Lora Fausett with your questions:  630.858.0090


* Advertising Material: To the extent that the information in this post is interpreted as attorney advertising in accordance with the Illinois Rules of Professional Conduct or within the meaning of state bar rules from all other localities, this statement is made pursuant to those rules.

Specialties: Specialization claims are prohibited by Illinois Supreme Court Rules and we do not claim to be specialists. The content of this e-mail is organized and presented for the sole purpose of general information. None of the included content should be construed as legal advice. Viewing this e-mail or e-mailing the account holder does not create an attorney-client relationship. NOTICE: This page may be considered advertising material.


 

The Law Offices of Lora Fausett P.C. provides real estate law services including loan modificationsbuying and selling legal assistanceshort sales and deeds in lieumortgage foreclosure defense, and more.

Located in Glen Ellyn, Illinois and serving clients in DuPageCookKane, Will, and Kendall Counties.

For Information Call 630-858-0090