LP Tax Law

Property Tax Consultant in Chicago, Illinois

5(1 reviews)
(312) 600-5120208 S Jefferson St, Ste 204, Chicago, IL 60661View on Yelp

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About LP Tax Law

LP Tax Law specializes in property tax reduction services for Chicago area homeowners and commercial property owners. With extensive experience in Cook County's complex assessment system, they've helped clients save thousands on their annual property tax bills through strategic appeals and valuation challenges. Their team understands that property taxes can be one of your largest annual expenses. They focus on identifying overassessments and building strong cases for tax reductions. Whether you're dealing with a residential property that's been reassessed or managing commercial real estate portfolios, LP Tax Law provides personalized attention to each case.

Services

Accountants
Tax Law
Tax Services

How They Can Help

LP Tax Law offers comprehensive property tax appeal services starting with detailed property assessments and market analysis. They handle residential tax protests for single-family homes, condos, and multi-unit properties, examining comparable sales data and property conditions to identify potential overassessments. For commercial clients, they provide valuation analysis for office buildings, retail spaces, industrial properties, and mixed-use developments. Their assessment review process includes analyzing your property's current assessed value against market conditions and recent sales. They prepare and file all necessary paperwork with the Cook County Assessor's Office and Board of Review. Additional services include property tax consulting for new purchases, helping buyers understand potential tax implications, and ongoing monitoring services to catch assessment increases early.

What to Expect

The process begins with a free consultation where LP Tax Law reviews your property tax bill and recent assessment. They'll analyze your property details, recent sales in your area, and current market conditions to determine if an appeal has merit. If they identify potential savings, they'll explain the timeline and expected outcomes. Once you decide to proceed, they gather necessary documentation including property records, photos, and comparable sales data. They prepare and file your appeal with the appropriate county office, whether that's the Assessor's Office for informal reviews or the Board of Review for formal appeals. Throughout the process, they keep you informed of progress and handle all communications with tax authorities.

Service Area

LP Tax Law serves Chicago and all of Cook County, including suburbs like Evanston, Oak Park, Cicero, and Berwyn. They're familiar with assessment practices across different townships and municipalities within Cook County. Their team handles cases in DuPage County as well, particularly for commercial properties. They understand the unique challenges of urban, suburban, and mixed residential-commercial areas throughout the region.

Frequently Asked Questions

How do I know if my property is overassessed?
Compare your assessed value to recent sales of similar properties in your area. If your assessment seems high relative to market values, an appeal may be worthwhile.
What's the deadline for filing property tax appeals?
In Cook County, you typically have until the fourth Monday in July to file with the Board of Review. However, deadlines can vary by township and type of appeal.
How long do property tax appeals take?
Most appeals take 3-8 months for residential properties. Commercial appeals can take longer due to complexity and may require hearings.
What information do I need for an appeal?
Bring your property tax bill, recent assessment notice, and any documentation about your property's condition or recent sales in your area.
Can I appeal every year?
Yes, you can file appeals annually if you believe your assessment is incorrect. However, repeated appeals without merit may receive less favorable consideration.
What happens if I lose my appeal?
If your initial appeal is unsuccessful, you may have options for further appeals to higher authorities, including the Illinois Property Tax Appeal Board.
Will appealing my taxes affect my neighbors?
Individual appeals don't directly affect other properties, though widespread successful appeals in an area might influence future assessment practices.
Do you handle appeals for condominiums?
Yes, condo appeals can be complex due to shared assessments and building-wide factors, but they're an important part of our practice.

Think Your Property Is Over-Assessed?

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