| Appeal Process | approximately $250 during the 1990's. To determine the |
| page 2 of 4 | cost benefit of this option calculate how much your |
| property is over assessed. Example: In your opinion your |
| property is over assessed by 4,000 dollar of assessed |
| value. The current tax rate in your area is seven percent. |
| 4000 x .07 = $280 tax dollars. If you win your case with |
| this method your net savings is $30. |
| Assessment Equity Appeal: |
| This means excluding land differences your property's |
| improvements/buildings should be assessed equitably |
| with others of the same value. Or your improvements/ |
| buildings should be assessed equitably with others that |
| are very similar in age, building style (1-sty, 2-sty, etc.), |
| construction quality, (even the same model home will vary |
| in price from quality upgrades), size (gross living area |
| (GLA expressed in square feet), condition, and other |
| auxiliary structures such as deck, patio, detached garage, |
| pole buildings etc. |
| Note: Equity arguments regarding buildings are compared |
| by dividing the building assessment component by the |
| gross living area. If you have chosen very good |
| comparable properties and your building assessed value |
| is more than a $1.00 per square foot difference you should |
| have a good chance at winning your appeal. Only three |
| comparable properties are necessary to prove an equity |
| argument. Do not choose comparable properties that |
| have partial assessments. This occurs if the on |
| completion date of new improvement/building is after |
| January 1, of the current assessment year. If an equity |
| problem exist you have the best chance at winning your |
| appeal by selecting the most comparable properties to the |
| subject property. If you simply choose properties with |
| lower assessments that are not truly comparable your |
| evidence will not have much credence. |
| The Appeal Process: |
| 1. First step contact the assessor regarding your |
| assessment. Depending upon the current phase of the tax |
| cycle assessor will advise you of a course of action. |
| Different circumstances dictate various assessment |
| review and assessment revision processes. Sometimes |
| the assessor will advise you to file an appeal. Don't be |
| offended or intimidated it is your right to appeal. The |
| assessor does not take assessment appeals personal. It is |
| just a government process that follows a set of rules. |
| 2. You don't have to do step one. You can just simply file |
| the assessment complaint appeal at the Will Board of |
| Review (BOR). There office is in the Will County Office |
| Building located at 302 North Chicago Street in Joliet, |
| Illinois. They will notify and give the assessor a copy |
| page 2 of 4 | of the appeal. |
| Next to view page 3 |