How to Turn an Illinois EAV Into a Market Value
Your tax bill shows an equalized assessed value, not what your house is worth. Multiply it by three, then check the four things that bend the…
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Property Tax Rates Across Kane County, and What They Do to Your Sale Price
Sellers treat property taxes as the buyer's problem. Your tax rate actually helps set what your house sells for, because buyers shop for a monthly payment…
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The Illinois Seller Disclosure Report, Explained Line by Line
Every Illinois seller fills out the same 24-question disclosure form, and most spend six minutes on it. It is the document most likely to bring a…
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What Sellers in Chicago’s Western Suburbs Really Pay at Closing
Commission is the number every seller knows. It is one of about eighteen line items on an Illinois settlement statement. Here is the full breakdown of…
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The Illinois Tax Proration Credit: The Closing Surprise Nobody Warns Sellers About
Illinois pays property taxes a year behind, so sellers owe the buyer a credit at closing for taxes that have not been billed yet. It often…
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