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Reduce Property Taxes on Your Chicago Real Estate

September 20, 2011

tax formDo you feel like you’re paying too much property tax on your Chicago real estate? If so, you could always dispute the amount. The truth is that if your home is surrounded by properties that have sold for significantly less your home’s appraised value, a reduction may be possible.

In a recent post on the Equifax Finance Blog, Sam Tamkin shares tips for people in all cities. His article, “

6 Ways to Get Your Property Taxes Reduced,” explains that the process can be complicated. However, there are steps you can take to simplify things. Knowing how real estate taxes are determined and when to file your dispute are two important pieces on information.

As mentioned before, a property tax reduction may be easier to achieve if homes in your neighborhood are selling for less than your home’s appraisal value. If this sounds familiar, document the selling prices so that you can show proof. You may even want to take pictures of your home and comparable homes. With foreclosures and short sales at high rates across the nation, your situation may not be at all uncommon.

Tamkin also gives further instruction for preparing for a dispute. To learn all of his strategies, read the full article on the

Equifax Finance Blog.

About The Author

Read All Stories By Mitch Levinson

Mitch Levinson is the author of “Internet Marketing: The Key to Increased New Home Sales” published by BuilderBooks. He is an Internet marketing expert with expertise in search engine optimization, website development, email marketing, social media and CRM consulting services. He is known for creating effective programs that can be tracked through analytics to prove effectiveness and ROI. Mitch is founder and president of MLC New Home Marketing and MLC FlatFee Realty, as well as managing partner of mRELEVANCE, LLC, a Marketing, Communication, Interactive agency with offices in Chicago and Atlanta. He currently leads the Chicago team. A Multi-Million Dollar Sales Producer who earned an MBA in Computer Information Systems and eCommerce, he brings a unique perspective and experience to the field of real estate communications. Mitch combines the two interests in order to help home builders and developers gain a competitive advantage through the Internet and technology. When he isn’t behind a computer, he enjoys participating in sports and coaching his kids’ teams. Mitch resides in Arlington Heights, Ill., a northwest suburb of Chicago, with his family, which includes two rambunctious labs. Visit my Google+ profile.

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