If your property tax bill seems too high, you may wonder if there’s anything you can do to lower it. One option is to challenge your property tax assessment, but that’s only effective in certain situations, particularly given how these taxes are calculated in Illinois. In this article, we’ll discuss how to decide whether you should challenge your property’s tax assessment.
How Property Taxes Are Determined
Before diving into whether you should challenge the tax assessment on your home, it helps to first understand how your taxes are calculated. In Illinois, a property’s taxable value is determined by an assessor from your county or township.