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Equalization Factors In Illinois Uncovered: What Property Owners Need to Know
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Episode Summary:
In this informative episode, host Abigail Vaca and property tax attorney Nora Devine dive deep into the complex world of equalization factors in Illinois property tax. Nora explains how these factors work differently in Cook County versus other counties, their impact on property owners, and the relationship between equalization factors and school funding. The episode provides valuable insights for property owners about assessment practices, appeals processes, and common misconceptions about property tax calculations.
Key Timestamps:
00:00 - Introduction
00:40 - Understanding equalization factors outside Cook County
03:19 - How equalization factors are determined
05:20 - Different approaches to equalization by township assessors
07:19 - Fairness in applying equalization factors
09:45 - Legal options for property owners
11:21 - Cook County's unique classification system
14:55 - Common misconceptions about equalization factors
About the Show:
Devine Intervention features Nora Devine, a property tax attorney with private practice experience since 2005. She has developed a statewide practice in all jurisdictions in Illinois and represents all property classes. The show aims to shed light on complex property tax matters in Illinois.
12 episodes
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