By: Jerry Davich
Source: Chicago Tribune
Both assessors placed an emphasis on educating the public and acknowledged that, “homeowners are most likely to be angry when they don’t fully understand the process.”
They explained that the current year’s taxes are based on the previous year’s assessment, the assessed values fluctuate with the market and that valid sales are the best indication of market trends.
Most importantly, they explain that homeowners have the right to appeal if they disagree with the assessed value of their property.
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