Dear LakeCountyEye,
Property taxes are due next month. Help!
If my home is my shelter and if I am taxed on the value of my home then why isn't my home a tax shelter?
Dear $64,000 Question,

Simply save a penny every day.
If you are like your LakeCountyEye then at the end of the year you will have the $3 needed to cover your property tax bill.
Haha, this illustrates an important point. Your property taxes are a
zero sum game. Whenever your neighbor gets his assessment lowered, his property tax goes down and yours automatically goes up. Even if your assessment has not changed, your tax goes up because you have to cover the shortfall produced by your neighbor.
Luckily the assessment process in Illinois is a
self regulating feedback loop that you can ride to your advantage.
Here's how: A sure sign that you are being over-assessed is when your neighbors cannot afford to pay their property taxes. When this happens it is only a matter of time before one of those neighbors is foreclosed on, and he loses his house to a tax sale.
That is your cue to spring into action. Since that home is likely to be sold significantly under market value, you can use the outcome of that sale to get your assessment lowered. These sales are not hard to find if you remember that
Zillow is your friend. For example, this home in a nice Lake County neighborhood recently sold for $80,000 ...
Real Estate & Homes For Sale
... a steal by your LakeCountyEye's reckoning.
If you live in that neighborhood, print out the webpage, and remind your Township Assessor that assessments are based on comparative values, then demand to know why your assessment isn't $80K also. And watch your assessment shrink faster than the reserve funds at Lake Villa Township!
Take it from your LakeCountyEye: Don't look a gift house in the mouth.
If you are an elected official, or a previously elected official, or just a private citizen under indictment, send your political questions to
Q the Eye c/o ...
LakeCountyEye@gMail.com