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2017 Housing Preservation Report

The Preservation Compact, a dynamic local non-profit organization, has just released its biannual report documenting the state of housing markets in Cook County, and providing data on affordability challenges and opportunities facing residential and commercial property owners. With a focus on multi-unit leased housing, funded in part by the MacArthur Foundation’s “Window of Opportunities” Initiative, […]

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Cook County Assessor Adjusts New Trier Township Assessments

Some property owners in New Trier Township are receiving notice of an increase in their 2017 property tax assessment from the Cook County Assessor’s Office.  Taxpayers of Winnetka, Kenilworth, Northbrook, Barrington and other northern suburbs — in particular those who successfully appealed their 2016 assessment at the Cook County Board of Review — should check […]

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Raila PC Partners with Federal Reserve for Money Smart Week April 21-28

Money Smart Week Events Bring Free Tax and Financial Management Sessions to Illinois  Learn More about Money Smart Week and go to website to search for property tax and financial management sessions of interest to you and your family. Topics include financial planning for retired people and youth, investment management for women and entrepreneurs, and so […]

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UIC Great Cities & NHS Release Residential Market Data

Report sheds light on housing issues, costs and opportunities in Northern Illinois   Neighborhood Housing Services of Chicago, our region’s premier non-profit service provider for new home buyers and owners seeking counseling, support and financing, has teamed with the Great Cities Institute at University of Illinois at Chicago to provide details of a mixed “market rebound” […]

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“E-Tax Bills” now Available in Cook County

The Cook County Treasurer’s Office has recently announced that E-Mailed Real Estate Tax Bills are available for those who pay their bills directly (and not via an escrow agent) and who can benefit by saving paper or keeping electronic records, for up to ten properties. Sign up Here. […]

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Cook County Assessor Announces Senior Exemption Deadlines Extension

We at Raila PC recently reminded taxpayers and clients of the deadline for annual applications for the Senior Homestead Exemption and the “Senior Freeze” (for income-eligible applicants). The Assessor has just announced an extension of deadlines to March 1st, 2017. Read about the details here. […]

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River Forest & Riverside Township Owners Brace for Tax Increases and Appeals!

Property owners and tenants in west suburban River Forest & Riverside Townships are bracing for the triennial reassessment of their properties; a revaluation that will greatly impact their real estate taxes due in 2018. In their last reassessment in 2014, River Forest Township property owners saw an average assessment decrease of 2.8%, 6% in Riverside. […]

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Homestead Exemption Reform Passed!

Paula Raila’s April Illinois State Bar Association (ISBA) Journal commentary cites mounting problems with “Erroneous” Homestead Exemptions and calls for support for SB 780. This bill passed with unanimous support in the legislature. It facilitates tax bill accuracy and informed exemption choices by new owners of residential property. The governor signed off and made it […]

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