REAL ESTATE LAW
Experienced Property Tax Appeals Attorneys in Illinois.
In Illinois, property taxes for commercial real estate is assessed based upon the fair market value of the property multiplied by the local tax rate. Prior to around 2007, property values increased dramatically and so did property tax assessments. Unfortunately, due to the real estate downturn, many property owners' property values declined – yet their property values remained over-assessed for many reasons.
Many commercial real estate property owners are unaware that property tax assessments may be appealed to the local assessment appeals board if the assessment is too high. However, the appeal procedures are quite difficult and require the assistance of a highly experienced and innovative real estate attorney to successfully guide you through this complicated process.
The attorneys at Lufrano Law, LLC have experience in the property tax appeals process and offer the following services:
Negotiate with the local assessor's office.
Depending on the circumstance, we may gather evidence and data supporting the fair market value of your property and negotiate directly with the local assessor’s office, either prior or during the appeal process.
Hire and work directly with a property value appraiser.
The property tax appeals process is highly specialized and often times requires the skill and expertise of an independent expert or appraiser. The most important criteria in the property tax appeals process is the fair market value of the property on the valuation date, which a property value appraiser can determine using several different methodologies. We will assist in valuation and hiring an appraiser or realtor to assess the market value of your property.
Present your assessment case to the local appeals board.
Local appeals boards are separate independent entities and possess the authority to decide disputes between the local county assessor and property owners. With the help of a property value expert who will determine a fair market value of your property, we will present the most effective, persuasive arguments on your behalf at your hearing.
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Location: 818 Harrison Street, Ste. 210, Oak Park, IL 60304
Disclaimer: This is attorney advertising. The information on this website is for general purposes only and should not be interpreted to indicate a certain result will occur in your specific legal situation. Viewing information on this website is not legal advice and does not create an attorney-client relationship. In addition, sending us information about your legal needs does not establish an attorney-client relationship. The Supreme Court of Illinois does not recognize certifications of specialties in the practice of law and the certificate, award or recognition is not a requirement to practice law in Illinois.
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