Property Values

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By Hanover Township Assessor, Khaja Moinuddin, P.E., CIAO
 
Can anything be done to reduce a current tax bill?  If a taxpayer is eligible for a homeowner, senior citizen or other exemption that they did not receive, the Township Assessor’s office can assist in obtaining a revised bill for a smaller amount. 
 
Can anything be done to reduce future tax bills? Taxpayers have the right and the opportunity to file an appeal on their assessed value every year, with both the Cook County Assessor and the Cook County Board of Review. When appeal dates are announced, taxpayers may come in to Hanover Township for help in preparing an appeal. 
 
Is every tax bill going to increase by the inflation-level increase in spending?   No. Some properties will face double digit increases in their property taxes this year, while other properties will see smaller tax increases or tax reductions. When all the tax increases and reductions are added together, however, the net increase will match the inflation-level increase in tax levies. 

 
How often is my property reassessed?
  Cook County is reassessed triennially, which means one-third of the county is reassessed each year. Your property may also be reassessed if there are any changes due to a permit application, property division, demolition or other special application. The next general reassessment for Hanover Township will take place in 2025.

What is the difference between my assessment notice and my tax bill? A reassessment notice usually arrives once every three years after the Township has been reassessed. The schedule of reassessment mailing dates can be found on the Cook County Assessor's website with corresponding appeal dates. It does not require any action on your part though you may appeal if you believe the assessment is incorrect.

Your annual tax bill comes from the County Treasurer's Office in two installments. The first installment for Tax Year 2023 will be due on March 1, 2024 and is equal to 55% of your total bill for 2022. 

Your reassessment will affect the second installment tax bill the following year. The next reassessment will occur in Hanover Township in 2025 and your reassessment notice will arrive in that year. The tax bill reflecting the assessment will arrive in July of 2026 (subject to change). Any reductions from appeals will be reflected on that second installment tax bill the following year