In Cook County we pay our property taxes in arrears, which means that in 2015, we are paying 2014 taxes. Therefore, when you sell your home, you will have to give a credit to the buyer for the taxes not yet due while you lived in the home. Generally speaking, taxes are prorated around 105-110 percent absent special circumstances. That means that we are assuming that the taxes will go up 5-10 percent next year.
Bradford Miller Law, P.C. can assist you with all your real estate needs at a very reasonable rate. Whether you are buying, selling, renting a property or need assistance with a building code violation we can help. Our experienced Real Estate Attorneys have been representing real estate clients for several years and have earned membership in the Better Business Bureau and we have great reviews on Yelp.
At bradfordmillerlaw.com you will find information about our firm along with helpful real estate information. To discuss your pending or potential real estate transaction call us at 312-238-9298 for a FREE 15-minute consultation.
Posted by Bradford Miller Law, P.C.
Practicing in Real Estate Law, Landlord Tenant Law, and Estate Planning
134 N. LaSalle, Suite 1040
Chicago, IL 60602
Offering free legal representation to homeowners seeking a short sale
Key words: Chicago short sale attorney, Chicago landlord tenant law attorney, Illinois Landlord Attorney, Chicago Leases, Chicago estate planning attorney, Estate Planning Lawyer, Chicago Real Estate Attorney, Chicago Real Estate Lawyer, Real Estate closings, Chicago building code violations, Short Sale Attorney. This is intended to be advertising. Please consult with an Attorney before acting on any information given here.
