Any Hope for South Suburban Cook County Tax Appeal

[Demetrius Davis]

I have wavered a lot over the past year as I've considered investment property for both flip and buy and hold in Chicago suburbs such as Park Forest, Dolton, and Calumet City. Mainly, I've been gun shy because of the high property taxes. In some cases the annual taxes are 25% of the sale price on REO's.

In these areas almost all the comps are REO's. Therefore, I believe one could be successful appealing the tax assessment, but I'm shy about taking the risk.

Has anyone been successful appealing taxes in any of these south suburban cook county towns?  Especially Park Forest.