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REAL ESTATE SECTION June 7, 1929 N. T. ASSESSOR EXPLAINS METHOD OF FIXING TAX I WILMETTE LIFE 55 .. GLENCOE'S PACE IS FAST IN BUD.DING ACTIVITY ~-----------------------------1 Break Ground for New Wilmette Church Seven Residences for $163,000, in. Addition to Business Area Operations Make Big Month Glencoe, in addition to much activity preparatory to extensive building operations in the business area of the village thi·s summer, is also keeping up its monthly record in regard to a high average of building permits for new residences. Out of a total of twelve permits issued in May, seven were for new residences, costing $163,000. Two wete for remodeling jobs costing $7,500; two for private garages, c0'3ting $850 and one for a summer house to be erected in the garden at the Charles J. Stromberg hqme, 1017 Bluff road, at a cost of $600. The total cost of the improvements authorized in May, was $171,950. New Home For LT. Dodds Permits for new residences were issued to Henry E. J ona13, who is building a two and one-half story brick veneer at 1044 Eastwood, at a cost of $22,000. Lewis T. Dodds took out a permit for a two story brick veneer which he is building at 565 Linden avenue, at a cost of $25,000. John H. Davies is building a two story brick veneer at 834 Valley road, costing $25,000. Edward C. Harms is adding to the improvement of Sk:)kie lane by the erection of an $18,000 two ·story brick veneer residence at No. 620. Thomas I. Simpson has chosen 1054 Bluff road . for the erection of a two story re sidence and garage costing $26,000. A. L. Gale was issued a permit for a two storv brick veneer residence at 1127 HE first shovel of earth at Seventh street and Greenleaf avenue where the Skokie Ridge drive. costing $19,500. Cooj:»er, A Busy Builder new English Evangelical Lutheran church is soon to be built ~as tu'rned Frederick A. Cooper, in addition to by Charles F. Brandt, chairman of the Building committee. The Rev. Carl I. Empson is shown standing to the right of Mr. Brandt. Excavation work the addition to the busine·ss block which is to start next week, the contract having been awarded to John H. Davies he is building at the northeast corner (Photo by Staff Photographer) of Vernon and Hazel avenues, is also of Wilmette. continuing his extensive b u i 1ding operations in the residential section of levy at less than the maximum legal The Board _ of Review sits also during the village, having taken out a permit rate, the county clerk extends the rate November, December, January, Februat a figure sufficient to produce the re- the past month . for a very fine two ary and March, but any action taken- by quired levy only. Generally taxing story brick veneer home which he is them during these months, will not bodies have levi.es and appropriation erecting at 538 Monroe street,.at a cost bills which require the maximum rate of $27,500. affect taxes for the current year. During December, the Governor, to be extended. If tax levies and apState Treasurer and Auditor of State, propriation bills are kept down to the C. A. Hemphill Trades Lot meet to fix the tax rate for the State. -minimum, a high valuation would of for Property of C. W. Balke There is no statutory limit to the State course require only· a low rate to be An exchange sale between Clarence rate. After the State rate has been extended, but if with the knowledge of thus ascertained, it is certified to the high valuations tax levies and appro - A. Hemphill on his property Lot 83, country clerks of the 102 counties of priatjons should be increased, it would Baird & Warner, Inc., Addition to the State. By September of each year, probably require the maximum rates Deere Park and Clarence W. Balke the various taxing bodies in each Coun- ·and the result would he high taxes for and Minnie C. Balke, his wife, on their prQPerty at 518 Lincoln Place, Highty, City, Village, Forest Preserve, S.ani- the individual. land Park is r..eported. C. E. Brackett, High valuations also give greatt"r tary District, Schools, Parks, Highway Commissioner and High Schools, have bonding power to municipalities and of Baird & Warner, Inc., was the certified to the county clerk their re- schools, and the amounts required to broker in the deal. spective appropriation and tax levies. pay interest and sinking funds on these HOW TO SELL OLD HOUSE The county clerk then spreads the bonds are not included in the maxiTn thi" day of the constant demand mum ·.rates fixed for the schools and rate percent for each taxing body for the new. the latest devices in home against the assessed value of the prop- municipalities. comfort and equipment, and the era of this Township, the tax levying In erty in its respective district nece ssary to produce the required appropria- bodies in addition to the State are ultra modern interior decorations, what with the old house, and tion or levy. In spreading these rates. the County, Forest Preserve, Sanitan: is to he done " the county clerk cannot go beyond the District, Highway Commissioner, who is its logical buyer? This problem maximum rates provided by law for Towitship, High School, the vario~ts will he taken up at the annual conPark Districts and Village Government, vention of the National As.s ociation of the respective taxing bodies. If the assessed valuation of property and the Township grade school in Dis- Real Estate Boards, to be held in Boston, June 25 to 28. is large enough to produce the tax trict 40, and the Village Schools. / I George R. Harbaugh Outlines Procedure for Benefit of Those Not Familiar With Process !~he following article, by George R. Hardb_augh, Assessor of New Trier Township, gives in an excellent manner an explanation of the usuai steps taken in making the tax assessments on re:1l property. The procedure outlined which has far as the taxpayer is con~ cerned, is completed not later than November 1, should have been completed for the 1928 taxes on November 1, 1928. Due to the chaotic conditions in Cook County at present 1928 valuations being made by the special re,·aluating committ r e have not yet been completed. The modus operandi by which the amount of one's tax on real estate is arrived at, . is not generally kno\vn, although it is not a secret. Very few people, including lawyers and real estate men, are ·familiar with the process unless thev have had occasion to delve into the law covering the subject of revenue or taxation. Revenue Act Amended The State of Illinois is operating under the Revenue· Act of 1898 as amended from time to time, which provides for quadrennial valuations of real estate, by which the values of land and imprO\·ements thereon exi ting as of May 1 (later changed to April 1), \vere fixed for a four year pniod with the year 1898, subject to any . phy::;ic<!l change which might take place within said four-year period. Assessed or taxable valuations \vere originally taken as one-third of the full, fair cash value, later changed to one-half of the full value in E>l9, and again in 1927 it was changed to full value. The tax rates are applied to the assessed or taxable value. \Vhen the assessed value was raised from onethird to one-half in 1919 there was little change made in the then existing tax rates, the maximum rates allocated by law to the various taxing bodie s, but when in 1927 the assessed or taxable value was raised from one-half to the full value, the various rates were reduced by one-half, but at the same time there were numerous bills introduced in the Legislature at Springfield to increase certain rates, and there are today, so the public press has reported, upwa·rds of 100 such bills seeking to increase tax rates, and backed by powerful lobbies. Time For Corrections By June 1, all valuations should be made and the ' Board of A ssessors then have until July 1 to revise and correct errors, and on July 1 the assessment bo"oks· are turned over to the Board of Review, at wh'ich time the tax payer may fi)e his complaint with said Board if ne feels his valuation is excessive as .compa.red with similar property in his neighborhood. Information as to the valuation of one's property can be ~btained from the B.oard of Assessors after June 1, or from the Township Assessor prior to that date. No complaints can be filed with the Board of Review after Augu st 1. Ordinarily by September 7, the Board of Review will have completed their work, but they may sit sometimes until November 1. in order to complete their work of passing upon complaints. T