Millions of homeowners have no idea they can actually lower their property taxes. They casually glance — or grimace — at their mortgage escrow notice every year and pony up without doing a thing.

Despite possible savings of thousands of dollars, only 2% of homeowners appeal their assessments, which is the first step in lowering taxes.

And here’s an even bigger disconnect: Some 60% of properties are overvalued by assessors, according to the National Taxpayers Union.

Failing to appeal assessments can lead to a dramatically higher tax bill than comparable properties in the neighborhood. This will cause your property to be less desirable to potential buyers when it’s time to sell.

A quick google search will yield a variety of firms on the Northshore that specialize in property tax appeals. Choose a firm with a reliable track record and start the process. Below is a link to a Glenview firm that we have recommended for our clients. Please feel free to call us anytime if you need assistance with locating a property tax professional.