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 Senior Property Tax Exemption and Freeze Application Deadline Extended

Senior Tax Exemption for Chicago Bungalow

Senior Exemption Application Deadline Extended

If you have not applied for your Cook County Senior Property Tax Exemption or Property Tax Freeze Application, there is still time.

The deadline for senior homeowners in Cook County to apply for the senior property tax exemption and senior property tax freeze has been extended to Friday, March 2.

Cook County Assessor Joseph Berrios has extended the deadline past the original deadline, previously Friday, March 2.

If you know someone who may be eligible, please let them know. Thousands of eligible homeowners have not renewed their exemptions.

Related post: Real Estate Tax Exemptions Cook County Chicago

 

According to Assessor Joseph Berrios:

Property tax bills Kane & DuPage County“I extended the deadline so all seniors have extra time to return their applications to ensure they receive the expanded exemption savings this year.

It is also important to remember that under Illinois law, seniors are required to reapply annually for both the Senior and Senior Freeze Exemptions.”

Related post: Cook County Assessor Faces Controversy Over Widespread Inequities

 

Many qualifying seniors have not renewed

The assessor’s office said over 270,000 applications were mailed in early January to seniors who received the exemption last year.

Approximately 80,000 seniors who received that notice have not yet renewed their exemptions.

 

Senior Property Tax Freeze Exemption Qualifications

Cook County SealTo qualify for the Senior Freeze Exemption for Tax Year 2017, taxpayers must have:

  • been born prior to or in the year 1952,
  • a total household income of $65,000 or less for [income] Tax Year 2016,
  • owned the property or had a legal, equitable or leasehold interest in the property on January 1, 2016 and January 1, 2017,
  • used the property as a principal place of residence as of January 1, 2016 and January 1, 2017, and
  • been responsible for the payment of 2016 and 2017 property taxes.

 

Download forms

Senior Citizen Property Tax Exemption  Application (PDF)

Senior Property Freeze Exemption Application (PDF)

 

For more information, visit http://www.cookcountyassessor.com/ or call the Assessor’s office at 312-443-7550.

 


* 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


 

Photo credit: “Chicago bungalow” photo licensed under the Creative Commons Attribution-Share Alike 2.5 Generic license.

Cook County Overdue Tax Bills to Be Sold April 3

Cook County Seal

On April 3, 2017, overdue Cook County property tax bills will be sold at auction.

If your property tax bill payments are up to date, you have nothing to worry about.

If your Cook County property tax bill is delinquent, your unpaid tax bill can be sold at auction starting April 3rd. A buyer can purchase your unpaid property tax bill and you would owe them the tax money plus interest.

How to check your Cook County property tax status

If you want to check the status of you Cook County property taxes, you can visit the Cook County Treasurer’s Office website and search by Property Index Number (PIN) or search by address.

The Cook County Treasurer’s office also offers an informational brochure about how to avoid the April 3 property tax sale. (PDF)

Local organizations have conducted a push to inform property owners about the tax sale. “Reach out. Find out who it is in the community who owes this money,” said Cook County Treasurer Maria Pappas.

Cook County property tax grace period shortened

There has been some confusion in regards to the tax auction caused by the property tax grace period being cut from 12 months to 8 months. Some homeowners may not realize their tax bills are now subject to auction.

What to do if your name is on the list?

If your property is on the list, it is recommended that you immediately call an attorney in real estate law.

Two Cook County organizations are offering assistance to anyone who has legal questions:

WESTSIDE JUSTICE CENTER:
Phone: 773-940-2213
Website: http://westsidejusticecenter.com/

COOK COUNTY BAR ASSOCIATION:
Phone: 312-630-1157
Website: http://cookcountybar.org/


* 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. provide real estate law attorney services including mortgage foreclosure defense litigationshort sales and deeds in lieuloan modifications and workouts, and buying & selling assistance.

For Information Call 630-858-0090



High Property Taxes Sending Illinois Homeowners Towards a Cliff

Edge of Cliff

High property taxes in Illinois are hurting home values and pushing “Illinois toward a financial cliff” according to the The DuPage Policy Journal and Wirepoints.com writer Mark Glennon.

“I think we’re at the point where consumers are going to start concluding that buying real estate in Illinois, particularly homes, is not a safe bet because prices are, at best, flat if not going down.” – Mark Glennon, writer at wirepoints.com

DuPage County

In DuPage County, every single community has seen a drop in its home values, even cities with strong demand such as Naperville and Glen Ellyn.

They saw their home sale prices drop by an average of 19%. Homeowners in the hardest hit areas included Willowbrook, which saw a 48% decrease.

“A tipping point is at hand in Illinois,” wrote Glennon. “Potential homebuyers conclude they’ll never cash out whole because of increasing taxes and declining values.”

The causes

Homeowners are seeing excessive property taxes, increased costs, and stagnating wages.

Because of this, many are choosing to leave the Illinois, and in 2016 Illinois lost more residents than any other state. It has now had negative migration for three years straight and the numbers keep increasing.

“When you have a big state like Illinois, to lose population for three years in a row? That’s cause for alarm,” said William Frey of the Brookings Institute.

A study by Pew Charitable Trusts showed that since 2007, the average rate of personal income growth for Illinois residents is less than one percent. That makes it the worst income growth state in the Midwest and the 2nd lowest in the nation.

At the same time housing prices are decreasing and wages are stagnant, Illinois has the highest property taxes in the nation.

As crazy as it may sound, some have even said that Illinois is in danger of losing its position as the business capital of the Midwest.

It’s time for Illinois lawmakers to take action.


The Law Offices of Lora Fausett P.C. provide real estate law attorney services including short sales and deeds in lieuloan modifications and workouts, and buying & selling assistance.

For Information Call 630-858-0090


Sources:

Dropping home values, high property taxes push Illinois toward financial cliff – DuPage Policy Journal

Home Values Plummet Across DuPage County – Downers Grove Patch

Property taxes rapidly eroding DuPage home values – DuPage Policy Journal

Illinois’ property taxes highest in nation, study finds – Chicago Tribune

Illinoisans experiencing second-worst income growth in the nation – Illinoisnews.org

High property taxes a multilayered problem in Illinois – DuPage Policy Journal

Illinois loses more residents in 2016 than any other state – Chicago Tribune


* Advertising Material: To the extent that the information in this e-mail 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.


Due Date for 2016 Cook County Property Tax Bills First Installment is Wednesday, March 1, 2017

 

Cook County SealCook County property tax bills were sent out to homeowners by January 31, 2017.

“Nearly 1.8 million property tax bills for the first installment of Tax Year 2016 have been mailed to owners of homes, businesses, and land.”, according to Cook County Treasurer Maria Pappas.

When are Cook County 2016 property taxes due?

The due date for the first installment of your 2016 tax year property taxes is Wednesday, March 1, 2017.

The due date for the second installment of your 2016 tax year property taxes is Tuesday, August 1, 2017.

Cook County homeowners can pay their property tax bill online, allowing you to conveniently pay your tax bill from your mobile phone, tablet or computer without visiting the treasurer’s office.

If you wish to pay in person, you can pay by visiting any Chase Bank location or at these 139 local community banks.

To make an online payment on your Cook County tax bill, please visit the Cook County Treasurer’s Office Payments page.

Are your property taxes overdue?

Search the Cook County Treasurer website to check if your taxes are delinquent.

Have your property taxes been sold at auction?

Visit the Cook County Treasurer website to check if your taxes have been sold.

When are 2016 delinquent property taxes sold at auction?

Unpaid property tax bills are sold at the 2016 Annual Tax Sale, which begins May 4, 2018.


Below is a list of other Cook County property tax related pages online available to the public.

You can find information regarding your payment status, money owed by your taxing district, pension and healthcare amounts owed, information on previous years taxes and more.

Cook County Taxes – Related Links:

Cook County Treasurer’s Office

Cook County, Illinois Property Tax Portal

Check Your Payment Status or Make an Online Payment

Understanding Your Tax Bill

Information about Prior Year Property Taxes

View Your Taxing Districts’ Financial Statements and Disclosures


The Law Offices of Lora Matthews Fausett P.C.

Experienced in the practice areas of Real Estate Law, Mortgage Foreclosure Defense Litigation, Social Security Disability, Business Law, & Estate Law.

For Information Call 630-858-0090


 

Important Tax Due Dates For Cook, DuPage, and Kane Counties

Cook County
Taxpayers should have received a tax bill the first week of February.

If for some reason they did not receive a tax bill they should call the Treasurer’s office at 312-603-5656 to request a duplicate bill.

1st Installment was due on March, 1 2016
2nd Installment is due on varying dates each year, depending on data prepared by other counties. Last year it was due on August 3, 2015.

Check on a Cook County property.

DuPage County
Taxpayers should have received a tax bill the first week of May.

If for some reason they did not receive a tax bill they should call the Treasurer’s office at 630-407-5900 to request a duplicate bill.

1st Installment is due on June 1st, 2016
2nd Installment is due on September 1st, 2016

Check on a DuPage County property.

Kane County
Taxpayers should have received a tax bill the first week of May.

If for some reason they did not receive a tax bill they should call the Treasurer’s office at 630-232-3565 to request a duplicate bill.

1st Installment is due on June 1, 2016
2nd Installment is due on September 1, 2016

Check on a Kane County property.

Title Indemnities (TI)
Title Indemnities for the first group of 2015 Real Estate Property Taxes will start in/around April 2016 for the following counties: DeKalb, DuPage, Kane, Kendall, Lake, LaSalle, McHenry, and Will.