HOW TO FILE AN APPEAL
WITH THE
COOK COUNTY ASSESSOR
Presented By:
COOK COUNTY ASSESSOR’S
OFFICE
Hosted By:
Terry Kelly, Township Assessor
PLEASE TURN OFF ALL CELL PHONES
Thanks!
 Properties are reassessed every three
years in Cook County
2010 is a reassessment year for Palatine
Township residents
Will shortly be receiving a notice of
reassessment from Cook County Assessor
This appeal will cover the:
2010 assessment, which appears on
2011 property tax bills
WAIT!!!
“I just got a new tax bill in the mail and
it’s too high. What can be done about
that?”
CHECK YOUR EXEMPTIONS
•
•
•
•
Homeowners
Senior Citizen
Senior Freeze
Long-Time Home Owner
Also, do you qualify for any of these:
 Disabled Person
 Disabled Veteran
 Returning Veteran
Did You Loose an Exemption?
•
Change in your Property Title?
• For senior freeze need to apply each and
every year
• PLEASE CALL THE TOWNSHIP ASSESOR’S
OFFICE IF YOU BELIEVE THERE IS AN
ERROR IN YOUR EXEMPTIONS
847-358-6700
One area to look at for increase
Reduction in Maximum Homeowners
Exemption—down to $20,000 (from $26,000)
Multiply $20,000 times local rate-(6.836% in Palatine School Dist. 15, Pal Park, etc)
EQUALS
$1,367.20 HOMEOWNERS EXEMPTION
Previous Year Calculation
$26,000 X 6.974% = $1,813.24 (previous-2008)
$20,000 X 6.836% = $1,367.20 (current-2009)
Exemption
Reduction
$446.04
You want to make sure you are receiving each
and every exemption you are entitled to.
Exemptions are:
a) Homeowners. You receive this if your property
has been your residence as of Jan. 1st. The 7%
Cap (extended homeowners exemption) allows
for the following maximum deductions
$20,000
$30,000
$26,000
$20,000
2006
2007
2008
2009
a) (Good explanation of this on the Cook County Assessors
web-site under “In The News” then “View the Calculation
for Your Property.”)
b) Senior Homeowners. $4000 (up from
$3500)
c) Senior Freeze. Freezes assessed
valuation to the prior year. Household
income must be less than $55,000.
d) Several new exemptions have been added
by the state.
– For Veterans:
1) A new $5,000 one-time homeowners
exemption for returning Vets. Only
available in the year in which they return.
This is in addition to any other exemptions.
• If a Vet is disabled a new $2,500
homeowners exemption if they are 50%
to 75% disabled, or $5,000 for veterans
who are 100% disabled. (Note: If a
Veteran chooses this option they would
not be eligible for the following.)
• A new $2,000 homeowners exemption
for disabled homeowners.
Besides Getting Most
Possible Exemptions What
Else Can be Done To Lower
My Tax Bill?
Appeal the Assessed Value of
Your Property
• Basically, appeals are
filed if you believe
your homes assessed
valuation is out of line
with similar homes in
your neighborhood.
• To find comparable
properties the Cook
County Assessor’s
web-site has an
excellent program
to help you get
information on
these properties handouts with
instructions are on
the table .
Or…
• The Palatine Township
Assessors office can do the
work for you – no charge
Let’s Hear
from the
Cook County
Assessor’s
Office
Assessor Jim
Houlihan