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Updated over 5 years ago on . Most recent reply

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18
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1
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Davis C.
  • Flipper/Rehabber
  • Des Plaines, IL
1
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18
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2019 purchase, 2018 property tax has no exemptions

Davis C.
  • Flipper/Rehabber
  • Des Plaines, IL
Posted

Purchased a property March of 2019. Previous owner had homeowners, senior and senior freeze, as reflected in the 1st half 2018 property tax bill.

At closing I was credited 2nd half of 2018 property taxes based on all these exemptions. I received the 2nd half 2018 bill recently, it's in my name and all the exemptions are gone. 

I thought since the property was in the previous owner's possession all of 2018, I would pay the taxes based on their exemptions? If not, shouldn't I have been credited the full estimated amount at closing?

Most Popular Reply

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6,017
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John Warren
  • Real Estate Broker
  • 3412 S. Harlem Avenue Riverside, IL 60546
5,058
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6,017
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John Warren
  • Real Estate Broker
  • 3412 S. Harlem Avenue Riverside, IL 60546
Replied

@Davis C. you should be on the phone with your attorney right now... this happened to me when I bought my first home in Riverside, IL. The previous owners were quite elderly, and they had forgotten to file the senior exemption paperwork. My attorney reached out to theirs, and they went in and filed it. The situation was able to be resolved quite amicably. 

  • John Warren
  • Loading replies...