Home owner appealed real estate tax assessment for his home
with help of attorney; successful appeal resulted in 13% tax bill reduction for
2015 alone
St. Charles real estate
attorney William “Bill” Blanchard successfully appealed a determination by the
Will County Board of Review (“BOR”) regarding the real estate tax assessment
for a Homer Township homeowner (“Appellant”).
On May 15, 2018 the Illinois Property Tax Appeal Board (“PTAB”)
unanimously adopted the request by the Appellant for a reduction of his 2015
tax assessment. The BOR decided not to appeal the decision which now becomes
final.
The Homer Township Assessor
originally determined the fair market value of value of the 3,455 square foot,
2-story home in Hidden Valley Estates as $436,207, while the homeowner,
represented by Mr. Blanchard at the BOR hearing, requested an assessment based
upon a value of $380,800. The BOA issued
a “No Change” opinion which Mr. Blanchard appealed to PTAB.
PTAB’s decision in favor of
the homeowner to reduce the fair market value by $55,407 resulted in a 13% tax
bill reduction for the homeowner on his 2015 real estate tax bill. The over payment will be refunded by the Will
County Treasurer. Mr. Blanchard said, “the homeowner was extremely happy with
the outcome especially when told that the decision would entitle him to similar
refunds for tax years 2016 and 2017 as well.”
Blanchard continued, “I’ve now received reductions for 24 Will County
homeowners who appealed decisions by the Will County Board of Review.”
William Blanchard represents
residential, commercial and industrial property owners who feel they are
entitled to assessment reductions in Will, Kane and DuPage Counties in
Illinois.
Further
information about the Illinois Property Tax System is available at
http://tax.illinois.gov/publications/localgovernment/ptax1004.pdf. Specifically
about Will County, Illinois, additional real property tax information is at
http://www.willcountysoa.com/search_address.aspx.
**** Mr. William B. Blanchard (“Bill Blanchard”) is a Real Estate Attorney with offices in St. Charles and Oakbrook Terrace, Illinois. Bill specializes in representing real estate clients for purchases and sales as well as home owner real estate tax assessment appeals. Mr. Blanchard is General Counsel for Gaia Title, Inc. a title insurance agency and settlement services provider. The Company is owned by real estate attorneys who demand exemplary title insurance services and accurate and efficient settlement services. As General Counsel he is responsible for title examination, commitment and policy review, escrow settlement supervision and regulatory review. - Attorney Profile: https://solomonlawguild.com/william-b-blanchard%2C-esq - Attorney News: https://attorneygazette.com/william-blanchard%2C-esq#40b43d7b-94b2-48d3-b055-1979a636f1e7
