KSN Legal Corner

Cook County Commercial Property Tax Appeals

Cook County Commercial Property Tax Appeals
Podcast

Commercial property is defined as a parcel of real estate used for business activities. Commercial property is often a building that houses office or retail space. It can also be land, a garage, hotel, theatre, gas station, shopping center, commercial greenhouse, or any other space with a for-profit function. 

A system of mass appraisal is used to produce commercial property values by detecting local trends in property values based on the performance of their location and characteristics in the real estate market. 

Commercial property assessments must account for the profitability of business operations on the premises measured against substitution and depreciation. Due to these additional factors, the commercial tax appeal process differs from the residential process. 

If you would like to read the full article or need legal assistance, click here:

https://appeal.tax/2021/02/09/understanding-commercial-property-tax-appeals/

Property taxes unappealing? Appeal.tax can help!

Appeal.Tax can handle your residential or commercial property tax appeal from start to finish. 

There is no fee unless a reduction is obtained. And we only charge a small portion of the overall tax savings secured. Since 2015, we’ve saved Illinois property owners over $100 million in reduced property taxes. 

Questions? Visit www.appeal.tax or contact tax attorney Timothy Jacobs at 847-777-7270 or tjacobs@ksnlaw.com.

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