How do I find the property taxes on a house?

It is best to speak with a local real estate professional about your areas tax structure. Many times there is what is call point of sale reassessment. Basically what that means is your taxes are based on the homes purchase price. So even if the current owners are paying low taxes since they owned the home for a very long time -- you will be paying market value base on the purchase price and not benefit the same low taxes. This property tax change can be delayed by a tax year -- so the first year is lower -- following year is based on purchased price.

1. County Assessor or Treasurer website Every county publishes property tax records online. If you have a specific address, you can search the county property records to see the most recent tax bill and assessed value. 2. Real estate listing sites Many listings on sites like Zillow, Realtor.com, or MLS-based brokerage sites include the latest annual property tax amount in the property details. This gives you a quick estimate while browsing homes. 3. Your real estate agent A Realtor can quickly pull the most recent tax amount and tax history from the MLS and explain how taxes vary by community. Keep in mind that property taxes can change after a sale, especially if a property is reassessed. When you’re determining affordability, it’s wise to estimate a little higher than the current tax bill so there are no surprises later. Carol Hunt Broker, ePRO®, GRI Baird & Warner, Winnetka 847-404-7959 [email protected]

Yes, with what Julianne said is correct. Many counties in IL will see an increase in taxes, some as high as 17%. Which will certainly make a difference in your mortgage payment. I would be happy to assist more, I am local. Reach out with any questions you may have.