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Homeowner in Illinois wins Reversal Before The Illinois Property Tax Appeal Board PTAB
Home owner appealed real estate tax assessment for his home with help of attorney; successful appeal resulted in 13% tax bill reduction
By: William B. Blanchard
The Homer Township Assessor originally determined the fair market value of value of the 3,455 square foot, 2-story home in Hidden Valley Estates as $436,207, while the homeowner, represented by Mr. Blanchard at the BOR hearing, requested an assessment based upon a value of $380,800. The BOA issued a "No Change" opinion which Mr. Blanchard appealed to PTAB.
PTAB's decision in favor of the homeowner to reduce the fair market value by $55,407 resulted in a 13% tax bill reduction for the homeowner on his 2015 real estate tax bill. The over payment will be refunded by the Will County Treasurer. Mr. Blanchard said, "the homeowner was extremely happy with the outcome especially when told that the decision would entitle him to similar refunds for tax years 2016 and 2017 as well." Blanchard continued, "I've now received reductions for 24 Will County homeowners who appealed decisions by the Will County Board of Review."
William Blanchard represents residential, commercial and industrial property owners who feel they are entitled to assessment reductions in Will, Kane and DuPage Counties in Illinois. His blog is at http://williamblanchardblog.blogspot.com/
Further information about the Illinois Property Tax System is available at http://tax.illinois.gov/
William B Blanchard
Gaia Title, Inc.