Episode 84 - Episode 84 - The Pitfalls and Opportunities on Chicagoland Property Taxes

Stephanie Park and Scott Longstreet address the process of assessments and tax appeals for the Chicagoland real estate market www.ilpropertytaxlaw.com **Introduction to the Podcast (00:00:27)** **Background of Guests (00:01:49)** **Property Tax Calculation Overview (00:03:24)** **Reassessment Process Explained (00:07:06)** **Challenging Assessed Values (00:10:01)** **Importance of Reassessment Deadlines (00:15:14)** **Exemptions for Homeowners (00:17:16)** **Senior Citizen Freeze Exemption Details (00:19:56)** **Clarification on Exemption Applications (00:21:27)** **Homeowner's Exemption Reapplication (00:22:10)** **Impact of Senior Freeze Exemption (00:22:35)** **New Construction Tax Assessment (00:23:13)** **Timing of Tax Assessments (00:25:01)** **Understanding Tax Bill Installments (00:26:51)** **Omitted Assessments Explained (00:28:59)** **Appealing Property Taxes (00:30:34)** **Renovations and Property Taxes (00:32:03)** **Permits and Tax Assessments (00:33:41)** **Vacancy Relief and Property Taxes (00:35:57)** **Home Improvement Exemption (00:37:10)** **Identifying Vacancy Tax Relief (00:38:05)** **Understanding Basement Assessments (00:39:39)** **Impact of Permits on Assessments (00:40:15)** **Challenges in Property Assessment Appeals (00:42:28)** **Limits on Retroactive Billing (00:44:29)** **Refunds from Successful Appeals (00:45:14)** **Certificate of Error Process (00:46:30)** **Engaging for Property Tax Appeals (00:51:31)** **Deadline for Appeals in Cook County (00:53:31)** **Conclusion and Future Resource (00:55:27)** **Wrap-Up and Questions (00:57:15)** **Recording and Contact Information (00:57:41)** **Podcast Closing Remarks (00:57:53)** People, Not Titles podcast is hosted by Steve Kaempf and is dedicated to lifting up professionals in the real estate and business community. Our inspiration is to highlight success principles of our colleagues. Our Success Series covers principles of success to help your thrive! IG - https://www.instagram.com/peoplenotti... FB - https://www.facebook.com/peoplenottitles Twitter - https://twitter.com/sjkaempf Spotify - https://open.spotify.com/show/1uu5kTv...