Multi-Family / Mixed-Use Case Highlights
$2,599,541+ Property Tax Savings$343,063+ Property Tax Refunds
Our team secures property tax savings and tax refunds for property managers as well as owners of apartment and commercial/residential buildings by successfully contesting the Assessor’s valuations.
- A 59.52% assessment reduction of mixed-use building in Chicago's Albany Park neighborhood resulted in more than $15,000 in annual tax savings.
- A 79.45% assessment reduction, successful protest of a Notice of Back-Tax and reclassification from retail/commercial to mixed-use of a 2,800 square foot, two story building in Chicago's Wicker Park neighborhood resulted in more than $144,000 in cumulative tax savings.
- A 59.88% assessment reduction and reclassification from retail/commercial to mixed-use of a 6,000 square foot, two story building in downtown Skokie resulted in more than $49,800 in cumulative tax savings.
- Assessment reduction of a 17 unit apartment complex in the Humboldt Park neighborhood resulted in tax savings in excess of $26,000.
- In DuPage County, a $2,238,000 reduction in market value of a 84 unit apartment complex in Bensenville resulted in tax savings in excess of $72,000.
- A 47.62% assessment reduction of a 3 unit apartment building in Hanover Park resulted in tax savings in excess of $18,500.