Property tax appeals are a big deal in Cook County. Nationwide only about 5% of homeowners appeal their property taxes, but in Cook County that number jumps to 30%, per the Board of Review.
Remember, it’s a zero-sum game. When over-assessments of properties are lowered, other assessments have to be raised. Otherwise known as: if you think your PT bill of 2-3 percent of your property value is high now …
A largely unasked question is becoming glaring: Is Illinois doing all it should to use artificial intelligence to make government cost less and work better? So far, the evidence says no.
Remember, it’s a zero-sum game. When over-assessments of properties are lowered, other assessments have to be raised. Otherwise known as: if you think your PT bill of 2-3 percent of your property value is high now …