How will lowering my assessed value lower my property taxes?
The assessed value of your home is one of the main components used to determine the amount of property taxes that you owe. The higher your assessed value, the larger your tax bill will be. By reducing your assessment, the amount of taxes that you pay will be less than if you had not successfully appealed. There are other factors that control your tax bill such as the tax rate. This number is set by the taxing bodies and can change every year. Tax Appeals Lake County helps you appeal your assessed value; not your tax bill, however a successful appeal will reduce the amount of taxes you will pay compared to not lowering your property assessment.
How successful have you been at lowering assessed values in Lake County?
Tax Appeals Lake County has a success rate 98% that we are very proud of. By taking the time to research and analyze each individual property we are able to guide our clients to a successful property assessment appeal that will maximize your assessment reduction.
How does Tax Appeals Lake County get paid?
We offer a FREE property assessment analysis. If an appeal is warranted a $25.00 retainer is required for us to begin consulting on your appeal. Our only fee is 35% of your first year’s savings, all the following year’s savings belong to you. The first year’s savings is figured by the difference between the 2013 pre-appeal assessed value and the new 2013 assessed value multiplied by the 2012 tax rate. The $25.00 retainer is applied towards your 35% payment. If you are not successful at lowering your assessed value, then you pay nothing and we will return the $25.00 retainer to you.
Is my property currently over-assessed?
When the real estate market was hot, property assessments were kept in line with the increasing home values. However, now that the real estate bubble has burst, the property values have sharply declined, but in many cases assessed values have not followed suit. Though it would seem logical for Lake County to reduce your property’s assessment to match the declining values, this has not always happened. The higher your property’s assessed value, the higher your tax bill will be.
I have heard the tax appeal process can be tedious, time consuming and extremely frustrating. What would I need to do in this process?
Once Tax Appeals Lake County begins your tax appeal process; you just sit back and relax. We will handle all steps of your property's tax appeal. We will guide your appeal through to completion while keeping you up to date on the developments of your case. No need for you to worry about dates or deadlines.
When should I appeal my property’s assessed value?
Now is the time to begin this process. Depending on your township, Lake County will mail you a blue assessment notice sometime between July and November. Once you receive your notice, Lake County allows only 30 days to file a property tax appeal of your property's assessed value. IF THE 30 DAYS LAPSE, LAKE COUNTY WILL NOT ACCEPT AN APPEAL. IT IS VERY IMPORTANT TO SUBMIT AN APPEAL BEFORE THAT EXPIRATION DATE.
What is the best way to contact Tax Appeals Lake County ?
The best way to reach us is by e-mail at firstname.lastname@example.org or you can call us at 847-438-7200 between 8:30am and 5:00pm Monday-Friday.