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Chicago Property Management Blog

What is Happening to Chicago Property Taxes?

What is Happening to Chicago Property Taxes?

Several of the Chicago townships have already been reassessed, leaving many owners with an unpleasant increase in property taxes. Tim Jacobs of KSN Law (,shares what he’s seen in the Chicago townships that have been reassessed, and what he feels will happen in several townships about to be reassessed. Tim walks through the basics of how to look up your assessed value, calculate your taxes, and most importantly how to appeal your property taxes. Tim explains the appeal process, what data you can use to your advantage, and how to leverage a professional if you choose to engage one. 

Key points:

  • Understanding tax data
  • How have different townships been affected in Chicagoland.?
  • How vacancy can change your tax assessment?
  • Do non paying tenants affect tax assessments?

As a property management company in Chicago, we at GC Realty & Development, LLC, are investors ourselves. Each employee of GCR&D are Chicago property managers and landlords themselves, and understand how to manage properties from the owner’s perspective. Get in touch with one of our experts to answer any questions and maximize your rental property profits. 

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