I was searching for condos along the east side of Schaumburg this morning when I noticed that comparable units in the same development have significantly different property taxes. Even allowing for homeowner and senior exemptions, some condos have property taxes 60% higher than other comparable condos in the same development! Homes with significantly higher property taxes than comparable homes will have a harder time selling.
If you’re thinking of putting your home on the market in the next year, compare your property taxes with those of similar homes in your neighborhood. Some counties provide property tax information by address, but others require a property identification number (PIN) to look up taxes for a property. PINs are available on county assessor websites. Here are the local county assessor property search web pages:
Cook County Assessor
DuPage County Assessors (separate sites for each township)
Kane County Assessors (separate sites for each township)
Kendall County Assessor
Lake County Assessor
McHenry County Assessors (separate sites for each township)
Will County Assessor
Here are the local county treasurer websites:
Cook County Treasurer
DuPage County Treasurer
Kane County Treasurer
Kendall County Treasurer
Lake County Treasurer
McHenry County Treasurer
Will County Treasurer
If your property taxes are significantly above the average for comparable homes, consider filing an appeal with your county’s assessor.
Note: Kendall County Assessor and Treasurer links added 12/18/06
ABOUT THE AUTHOR
Fran Bailey shows, previews and tracks downtown Chicago homes for sale giving her the insights needed to help her clients negotiate the best price and terms. Fran has been quoted in numerous Chicago and national publications. To schedule showings of listings regardless of broker or to contact Fran email her at fran.bailey@bairdwarner.com or call 773.793.4516. Learn More
Fran Bailey, Realtor
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