I am a landlord in cook county and the real estate taxes are breaking me my house depriciated 33% and taxes go up.unanble to afford anymore. Where can I find a step by step process to claim the exemption?
Terry Says: Yes, property taxes are going up everywhere, and they will continue to be a problem as city and county budgets are strained –and more money is needed to pay promised pensions. That’s the reason that rents are rising, too. And, of course, that’s your first step — to raise the rents your tenants are paying, if possible.
Here’s a link to the Q&A section of the Cook County Assessor’s office to learn more about what exemptions you might be able to claim: http://www.cookcountyassessor.com/frequentlyaskedquestions.aspx