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Is Property Tax the Same as Real Estate Tax?

Illustration of property taxes vs real estate taxes

Key Takeaways For Illinois homes, “property tax” and “real estate tax” refer to the same thing.  More broadly, “Property tax” can also include personal property (e.g., cars, boats, RVs, or business equipment), depending on the laws in your state. A mobile/manufactured home may be taxed as real estate if it’s permanently affixed to land; if […]

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Understanding Quitclaim Deeds in Illinois: What Homeowners Need to Know

When transferring property ownership in Illinois, homeowners may come across different types of deeds. One of the simplest, yet often misunderstood, is the quitclaim deed. An Illinois quitclaim deed offers a quick way to transfer property rights to someone else. However, it also has limitations that homeowners should carefully consider before using it. What is […]

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