“Illinois residents pay the second-highest property taxes in the country” – (Chicago Tribune)
Property Tax Appeals
We offer representation on property tax appeals for existing buildings. During the appeal process, we will analyze the market value of the property and propose a tax reduction to the Cook County Assessor. After the data we have collected is presented to the assessor it will be reviewed for a final decision on the reassessment of the property. The overall goal of property tax appeals is to keep your real estate taxes in line with your property’s actual value. We work for free until we actually achieve a reduction in your assessment.
Case Study
Years ago a client contacted our office in regards to a large industrial building located on the South Side of Chicago. After considerable research we determined that his current tax lawyer missed a few very important factors. The tax lawyer reduced his taxes by approximately $10,000. However, when we took over the following year we were able to reduce the taxes from $56,000 to $14,000. The reason being was the building inspection. When doing property tax appeals it is crucial to check all possible areas for reduction whether it has been done previously or not.