KSN Legal Corner

Cook County Multi-Family Property Tax Appeals

Cook County Multi-Family Property Tax Appeals
Podcast

To be considered multi-unit residential property, a parcel of real estate must be set up to accommodate several households in separate units. 

Multi-unit residential appeals involve several factors including:

  • Capitalization rates
  • Comparable properties
  • Errors
  • New construction
  • Operating income
  • Tenant rental income
  • Vacancies

Newly constructed homes and buildings tend to have higher property taxes than older properties of similar size. For many multi-unit residential property owners, property taxes represent one of the largest expenses in owning Illinois real estate. 

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

https://appeal.tax/2021/02/08/understanding-multi-family-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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