Home / Blog / Uncategorized

Category Archives: Uncategorized

Illinois Appellate Court Grants Townhome Associations the Right to Pursue a Tax Appeal on Behalf of the Entire Association

In a judicial opinion issued on December 20, 2021, the Illinois Appellate Court, Second District was asked to make a determination on whether a “townhome association”, in contrast to a “condominium association” had standing to proceed with a property tax  appeal at the Lake County Board of Review. See Deerpath Consolidated Neighborhood Assoc. v. The […]

2020 Second Installment Cook County Real Estate Tax Bills Are Expected To Be Due On October 1, 2021

The Cook County Treasurer Maria Pappas has publicly stated that she expects the second installment 2020 real estate tax bill to be due on October 1, 2021.  Ms. Pappas anticipates that the bills will go out in August so that they are received by Cook County taxpayers at least 30 days before the October 1, […]

City of Chicago Reassessment Begins With Significant Assessment Increases in Rogers Park

Every three (3) years, the City of Chicago is reassessed by the Cook County Assessor.  When that occurs, the Assessor reviews data from sales transactions within the City proper and looks towards “trends” in the real estate market on a more “macro” level of review.  There are eight (8) total Townships within the City which […]

Second Installment 2020 Property Taxes For Cook County Taxpayers Will Most Likely Be Delayed

Due to delays in the finalization of Cook County Board of Review tax appeals and certification of final assessments, Cook County property owners will most likely get more time to pay their 2020 second installment property tax bills.  The current due date for the 2020 second installment of property tax payments is August 2nd, but […]


In an effort to maintain our status as one of the preeminent real estate tax law firms in Illinois, Reiff Schramm Kanter & Guttman, LLC continuously endeavors to issue informative articles and blog posts that apprise our clients, and other interested real estate taxpayers, regarding the intricacies of minimizing the burdensome financial liability imposed by […]


It is with great sadness that Rieff Schramm Kanter & Guttman LLC announces the passing of a founding member of our law firm, Melvyn A. Rieff. Born on January 31, 1944, Mel lived to become a highly-respected attorney-at-law who had become admitted to practice before the Illinois Bar on May 20, 1969.  Over his 37 […]

Tentative 2020 Cook County Equalization Factor Set

The Illinois Department of Revenue announced a tentative 2020 Cook County Equalization Factor of 3.0861 on January 26, 2021.  Every year, the Illinois Department of Revenue is legally required to calculate the equalization factor to achieve uniform property assessments throughout the state. The Cook County Equalization Factor or multiplier is a 5.51% increase from the […]

Cook County Board of Commissioners Waived Penalties and Interest for 2020 First Installment Tax Bill For Two Months or Until May 3, 2021

The Cook County Board of Commissioners in November 2020 waived the 1.5 percent late fee, for two months, on all Tax Year 2020 property taxes.  As a result, Cook County Taxpayers can pay the first installment which is due on March 2, 2021, through May 3, 2021, without incurring a late fee.  Late fees will […]

Commercial Real Estate Sales in Chicago drop to a 10-year low in 2020

The Covid-19 pandemic, coupled with a deep recession and other factors in 2020, has caused the fewest number of commercial property sales in a decade.  Real estate investors bought and sold just under $11.5 billion of Chicago-area commercial real estate which is a 32% decrease from 2019 according to the data put forth by the […]

The Cook County Board of Review Has Reviewed and Corrected the Excessive Assessments Issued by the Cook County Assessor

Fritz Kaegi and the Cook County Assessor’s Office has recently prepared a report which it claims to show that the Cook County Board of Review has corrected the Assessor’s Office’s original assessments in an excessive manner, especially those assessments placed on commercial, industrial and multi-family property owners in the northern townships of Cook County during […]