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Tax Services and Fees - Residential

Our Services

The objective of Illinois Real Estate Tax Appeals is to lower the amount of your property tax bill. The steps we take to do this are the following:

•1. Analyze your current assessment for apparent errors;

•2. Review current assessment against homes similar to yours;

•3. Review the Board of Realtors Multiple Listing Service Data Base for past sales of homes in your neighborhood;

•4. Review the Board of Realtors Multiple Listing Service Data Base for homes currently for sale in your neighborhood;

•5. We give you a free preliminary analysis of your home to determine the merits of a real estate tax appeal;

•6. After you review the free preliminary analysis of your home, you decide if you want to hire us to proceed with your tax appeal;

•7. Upon being hired, we prepare the paperwork and valuation documentation to present to the Assessor's Office;

•8. If the Assessor's Office does not agree with our valuation documentation we would talk to you about ordering a Complete Narrative Appraisal to take to the Property Tax Appeal Board for a formal hearing;

•9. Over the years we have found that the Tax Assessor makes mistakes. An appraisal may find that the Assessor's Office has the wrong square footage or the wrong number of bedrooms or bathrooms or other errors;

•10. We never lose site of the fact that to lower your real estate tax bill, we need to lower your assessed valuation. We follow the above steps in our system to get achieve success for you.

OUR FEES

At Illinois Real Estate Tax Appeal Inc. our fee structure is as follows:

•1. We do not charge any upfront fees for our services;

•2. Our fee is contingent, meaning we only charge you a fee when we obtain a tax reduction/savings for you;

•3. Our fee is 1/3 of the first year's tax savings that we obtain for you by lowering the assessed value of your home;

•4. The 1/3 is calculated as follows: the amount of the tax reduction times the current State Equalization Factor times the current Tax Rate divided by 3;

•5. For our Cook County Clients where we are able to get a tax refund for you as Exemptions were missed, when we achieve this refund through the issuance of a Certificate of Error by the Cook County Assessor's Office, our fee is 1/3 of the refund generated for you;

•6. For Cases taken to the Property Tax Appeal Board, when a favorable decision is made and money refunded to you, our fee is 1/3 of any monies refunded to you.

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