Home-owner Darryl Lloyd was shocked to obtain an errant property evaluation of greater than $1 million from assessors, inflicting his invoice this yr to skyrocket from $1,800 to a whopping $30,000.
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A suburban Chicago home-owner was shocked to obtain a $30,000 property tax invoice on the modest three-bedroom dwelling he purchased practically twenty years in the past for $115,000 — a whopping 3,811 % improve from his final tax invoice.
Home-owner Darryl Lloyd was shocked to obtain an errant property evaluation of $1,004,190 from the Prepare dinner County Assessor’s Workplace, inflicting his invoice this yr to skyrocket from simply $1,800 final yr, he advised the New York Publish.
“I was literally devastated when I saw that increase,” Lloyd advised the Publish earlier this week after he obtained the invoice. “I see 960 square feet. I don’t have a second floor. I don’t have a basement.”
Based on a Prepare dinner County Assessor’s Workplace official, the stratospheric invoice got here because of a clerical error, which led to an incorrect property evaluation. The house, now valued at $180,000, was inaccurately assessed, Christian Belanger, a spokesperson for the Prepare dinner County Assessor’s Workplace, confirmed in an e-mail to Inman. “It should have been assessed at a market value of $97,500,” he mentioned.
A correction to Mr. Lloyd’s tax invoice was made inside per week of receipt, he added.
The assessor’s workplace famous that roughly 4,000 properties had been incorrectly assessed this yr, however certificates of error had been processed in time for these owners to obtain appropriate tax payments firstly of July.
A Prepare dinner County Treasurer 2023 invoice evaluation states that property taxes have seen constant will increase year-over-year throughout the previous 30 years. Property house owners throughout the county had been required to pay $706 million extra in property taxes final yr, which totals greater than $18.3 billion. This can be a 4 % improve over the earlier yr.
Property house owners have one month after tax payments are issued to make fee. The Prepare dinner County Assessor’s Workplace encourages folks to examine their property tax payments for exemptions, and if they’re lacking exemptions, file a certificates of error.
The workplace is holding a lot of upcoming occasions the place property house owners can be taught extra about exemptions and appeals, starting July 9.
