Tax Assessment Appeals in Chicago

Many homeowners dread the property tax bill assessment process—often times, the assessed value of the property isn’t an accurate representation of what their homes are really worth, and it usually doesn’t work out in the favor of the homeowner. Luckily, though, you’re not stuck with the bill that you’re initially given, and you do have the opportunity to appeal your property taxes.

At Rick Hiton & Associates, we’re happy to offer tax assessment appeal services, and we’ll work hard to ensure you’re charged a fair amount for your properties and that their value is appraised correctly.


How Are Property Taxes Determined?

The amount you are charged for property taxes is based on how much your property is worth. The taxing agency will determine the value of your home or property, and assess taxes based on that figure. While many times, the property tax bills issued to owners are fair, they sometimes seem much higher than they should be. In these instances, it’s possible for the property owner to appeal the tax assessment and get their bill altered.

Tax Assessment Appeals in Chicago

Common Issues With Tax Assessments

Perhaps the most common issue with property tax bills is that the property is appraised at a higher value than actually is. If a property is overvalued, or appraised based on other homes in the area despite being of different condition or size, you can bring in a third-party appraiser who will independently appraise the property, which can influence the property tax bill to go down.

There are a variety of ways to appeal a property tax assessment, but the most effective and promising option you have is to bring in a professional appraiser to determine the accurate value of a home.

Other factors that can affect assessments and lead to incorrect valuation include the refusal to consider market data surrounding similar properties, as well as incorrectly classifying a property. For instance, properties can be classified as “property of special purpose,” which influences how much it is valued at. Additionally, specific evidence of unique physical design, or highly restricted use/special construction materials can also alter the value of a property.

If these factors are not properly assessed, they can lead to improper valuation, which can cause your property tax bill to be higher than it should be.

How We Can Help with Tax Assessment Appeals in Chicago

Rick Hiton & Associates is known for professional real estate appraisal services, and we’ve got the skills and experience necessary to help you appeal your tax assessment bill in Chicago. We’ll utilize the most effective methods to determine the value of your property, then execute the necessary processes to appeal your property tax bill. We’ll make sure that deadlines are met and that all of the details are taken care of so that you can rest easy.

To learn more about tax assessment appeals in Chicago, contact Rick Hiton & Associates today. We’re a real estate appraisal and valuation firm serving the entire Chicagoland area, and we have over 35 years of real estate experience. When you need an accurate appraisal or valuation, we’re here to help.