steven_ivy_pc
STEVEN IVY P.C. - Illinois Law Firm - Real Estate - Taxation Law
Steven Ivy - Illinois - Law Firm - Real Estate Law- DETERMINING FAIRNESS OF ASSESSMENT --- To determine if a property was assessed fairly, the property owner must know the property’s fair market value, assessed value, and the average percentage of market value at which similar neighboring properties are assessed. The assessment may be unfair if the property’s assessed value is not 331/3 percent of its fair market value (not in Cook County) is not at the same level as comparable properties in the area, or is based on inaccurate information.
STEVEN IVY P.C. - Illinois Law Firm - Real Estate - Taxation Law
Steven Ivy - Illinois - Law Firm - Real Estate Law- DETERMINING FAIRNESS OF ASSESSMENT --- To determine if a property was assessed fairly, the property owner must know the property’s fair market value, assessed value, and the average percentage of market value at which similar neighboring properties are assessed. The assessment may be unfair if the property’s assessed value is not 331/3 percent of its fair market value (not in Cook County) is not at the same level as comparable properties in the area, or is based on inaccurate information.