How to File Property Tax Appeals in Illinois
Filing a property tax appeal in Illinois can be a crucial step for homeowners who believe their property is overvalued. Understanding the process helps ensure that you pay only your fair share of property taxes. Here’s a comprehensive guide on how to file property tax appeals in Illinois.
1. Understand Your Property's Assessed Value
The first step in filing a property tax appeal is to understand your property’s assessed value. The assessment is typically completed by your local assessor’s office and it determines how much your property is worth for tax purposes. You can find your property’s assessed value on your tax bill or through your local assessor's website.
2. Review Property Tax Assessment Notices
Each year, property owners in Illinois receive a property tax assessment notice. This notice includes the assessed value of your property, the date of assessment, and information regarding the appeals process. It’s essential to examine this notice carefully and compare your property's assessed value with similar properties in your area.
3. Gather Evidence
Once you determine that you have a valid reason for appeal, the next step is to gather supporting evidence. This may include:
- Recent sales of comparable properties (comps)
- Photos of your property highlighting any issues
- Records of repairs or damages that may affect value
- Any other relevant data to support your claim
4. File Your Appeal
To file a property tax appeal in Illinois, you must submit your appeal to the appropriate local board. Most counties have a Board of Review where appeals are filed, generally within 30 days following the assessment notice. Visit your county's website for specific instructions and necessary forms. The appeal typically requires detailed information about your property and supporting documentation.
5. Attend the Hearing
After filing your appeal, a hearing will usually be scheduled. Be prepared to present your case in an organized manner. Bring copies of your evidence and any additional documentation. This is your opportunity to argue why your property assessment should be lowered. Ensure you practice your presentation to effectively convey your points.
6. Await the Decision
After the hearing, the board will review the evidence and issue a decision. You will receive notification in writing regarding the outcome. If they rule in your favor, your property's assessment will be adjusted. If the decision is unfavorable, you still have options, including further appeals to the state level.
7. Know Your Rights for Further Appeals
If you disagree with the outcome of the Board of Review, you can further appeal to the Illinois Property Tax Appeal Board (PTAB) or the circuit court. Make sure to understand the time constraints and the necessary procedures for these subsequent appeals.
8. Seek Professional Help If Needed
If the process feels overwhelming, consider hiring a property tax consultant or attorney who specializes in property tax appeals in Illinois. These professionals can provide expert guidance and help improve your chances of a successful appeal.
Filing a property tax appeal in Illinois can lead to significant savings on your tax bill. By understanding the process, gathering solid evidence, and presenting your case effectively, you can take control of your property taxes. Stay informed and proactive to ensure that your property valuation reflects its true market value.