Legal Question in Real Estate Law in Illinois

Usually that kind of kicker is added only when the taxes are not known. And then most people in residential deals don't want to deal with "reproration agreements". So you may be stuck but the only way for sure is to talk to an attorney who can review the entire contract -- maybe there's something there that can benefit you. Nobody can give you a conclusive answer without doing that. And frankly the buyers shouldn't be entitled to a windfall for your being reasonable -- you never know, they may just agree as long as everything else is ok. Anyhow, won't you have an attorney for at least the closing?

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I don't think that yo uare likely to receive anything back. The purpsoe of that provision is to p[rovide finality at closing. Both the seller and buyer run a risk. For the buyer, what if the amount had gone up more than the 5%. Your risk was that it went down. You lost. The other option would have been to have a reproaration agreement wherein you and the buyer would have agreed to make adjustments if the bill differed from the past when the new bill arrived.