Legal Question in Real Estate Law in Illinois

My wife and I have a condo as a second home in Illinois, Cook County. This condo is in our joint ownership and fully paid off. Since it is not our prime residence we cannot take a property tax advantage and reduce our property tax.

Since we bought this condo 7-8 years ago our daughter lives there. If we add our daughter on the title as a joint tenant, then the condo will become her prime residence.

Since we live in California and our daughter will be living in IL would it be possible to get tax advantage on this property?


Asked on 3/04/11, 7:19 pm

1 Answer from Attorneys
Burton Padove Indiana and Illinois Lawyer, Burton A. Padove

Possibly. Why dont you go to the Assessors website or contact them to confirm.

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Answered on 3/05/11, 5:48 am


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