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Tax Benefits of the CAGE – Wilmette

June 13, 2016 by Lisa Finks Leave a Comment

Do you know about the huge tax benefits of the CAGE? The CAGE is one of the most desired areas in all of the North Shore, and especially Wilmette.  Its proximity to the lakefront, as well as downtown Wilmette, make its expansive lawns and grand homes very popular.  About 600 homes in the CAGE fall within the Ouilmette Historic Landmark District and this can have a huge impact on the property tax bills for these homes.

Tax Benefits of the CAGE – Wilmette:  Ouilmette Historical Landmark District

When purchasing a home within this historic district, if you spend 25% or more of the home’s fair cash value (as determined by the assessor’s office), you can receive a property tax freeze for 8 years, with a graduated step-up for an additional 4. Purchasing an older home in this historic district can really benefit your pocketbook and maintain an important piece of Wilmette history.  For details about the tax freeze, click here.  If you would like help in finding your dream home in the CAGE or elsewhere in Wilmette, please email or call me at 847-778-0540 – I’d be happy to help!

Ouilmette North National Register District Map

Filed Under: Home Values, Real Estate Tips

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Lisa Finks, Lourdes Arencibia & Carolyn Duris, 565 Lincoln Ave, Winnetka, IL (847) 778-0540 info@northshoreaddress.com

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LISA FINKS, LOURDES ARENCIBIA & CAROLYN DURIS ARE REAL ESTATE AGENTS AFFILIATED WITH COMPASS, A LICENSED REAL ESTATE BROKER WITH A PRINCIPAL OFFICE IN CHICAGO, IL, AND ABIDE BY ALL APPLICABLE EQUAL HOUSING OPPORTUNITY LAWS. ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATIONAL PURPOSES ONLY. INFORMATION IS COMPILED FROM SOURCES DEEMED RELIABLE BUT IS SUBJECT TO ERRORS, OMISSIONS, CHANGES IN PRICE, CONDITION, SALE, OR WITHDRAWAL WITHOUT NOTICE. NO STATEMENT IS MADE AS TO ACCURACY OF ANY DESCRIPTION. ALL MEASUREMENTS AND SQUARE FOOTAGES ARE APPROXIMATE. THIS IS NOT INTENDED TO SOLICIT PROPERTY ALREADY LISTED. NOTHING HEREIN SHALL BE CONSTRUED AS LEGAL, ACCOUNTING OR OTHER PROFESSIONAL ADVICE OUTSIDE THE REALM OF REAL ESTATE BROKERAGE.