Legacy Tax & Resolution Services

Property Tax Consultant in Chicago, Illinois

(312) 379-8802333 South Wabash Ave, Ste 2700, Chicago, IL 60604View on Yelp
Legacy Tax & Resolution Services - property tax consultant in Chicago, IL

About Legacy Tax & Resolution Services

Legacy Tax & Resolution Services focuses exclusively on helping Chicago area property owners reduce their tax burden through strategic assessment appeals and exemption applications. Our team combines accounting expertise with deep knowledge of Illinois property tax law to deliver results for residential and commercial clients. We've built our reputation on personalized service and creative problem-solving. Unlike large law firms, we take time to understand your specific situation and develop tailored strategies. Our clients appreciate our straightforward approach and realistic assessment of their cases' potential outcomes.

Services

Tax Law
Accountants
Debt Relief Services

How They Can Help

We provide comprehensive property tax reduction services for homeowners and business owners throughout the Chicago area. Our residential services include assessment appeals, homestead exemption applications, senior citizen property tax deferrals, and disabled veterans exemptions. We review your property's assessment against market data and comparable sales to identify overvaluations. For commercial properties, we handle complex valuation disputes involving office buildings, retail centers, industrial facilities, and apartment complexes. Our team prepares detailed income and expense analyses, market studies, and depreciation schedules to support appeals. We're experienced with Board of Review proceedings and PTAB hearings. Beyond appeals, we offer assessment monitoring services and exemption reviews to ensure you're receiving all available property tax benefits. We also provide consultation on property acquisition and disposition strategies to minimize future tax exposure.

What to Expect

We start every engagement with a detailed property analysis and market study to determine if an appeal makes financial sense. If we identify potential savings, we'll explain the process, timeline, and expected costs upfront so you can make an informed decision. Our team gathers all necessary documentation including property records, financial statements, comparable sales data, and any relevant market information. We prepare comprehensive appeal packages that present clear, compelling evidence supporting your position. We represent you throughout the appeal process, from initial filings through hearings and any necessary follow-up. You'll receive regular updates on case progress and be prepared for any testimony or additional information requests that may arise.

Service Area

We serve property owners throughout Cook County, with particular expertise in Chicago, Evanston, Oak Park, Cicero, and surrounding municipalities. Our knowledge of local assessment practices and market conditions helps us develop effective strategies for each community's unique characteristics. Our team handles appeals before township assessors, the Cook County Board of Review, and the Illinois Property Tax Appeal Board. We work with clients in neighboring counties on complex cases requiring specialized expertise.

Frequently Asked Questions

What makes a property tax appeal successful?
Successful appeals rely on solid evidence showing your property is overassessed compared to similar properties or market conditions. This includes recent sales data, appraisals, and documentation of any property condition issues.
How much will a successful appeal save me?
Savings depend on the degree of overassessment and your property's value. Typical successful appeals result in 15-25% assessment reductions, providing ongoing annual tax savings.
Should I hire a professional or file my own appeal?
While you can file your own appeal, professional representation significantly improves your chances of success. We understand the process, know what evidence is persuasive, and can present your case effectively.
What's the difference between assessed value and market value?
Assessed value is what the assessor believes your property is worth for tax purposes. Market value is what your property would sell for in the current market.
Can my taxes increase as a result of filing an appeal?
In Cook County, appeals can only reduce your assessment, not increase it. You have nothing to lose by filing a legitimate appeal based on solid evidence.
What exemptions might I qualify for?
Common exemptions include homestead (for primary residences), senior citizen (for those 65+), and disabled veterans exemptions. We'll review your situation to identify all potential benefits.
How often should I review my property assessment?
You should review your assessment annually when tax bills are issued. In Cook County's triennial system, pay particular attention during reassessment years when values are updated.
What happens if my appeal is denied?
Denied appeals can often be taken to the next level - from Board of Review to the Illinois Property Tax Appeal Board. We'll evaluate whether further appeals make sense based on your case's specific circumstances.

Think Your Property Is Over-Assessed?

TaxFightBack analyzes your assessment, finds comparable sales, and generates a complete appeal packet for your county. The average user saves $1,500 per year.

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