Commercial Property Tax Appeal Successes

See the table below for recent examples of how effective Kensington’s analysis can be with your commercial property tax appeal:

County Property
Classification
Property
Description
Initial
Assessed
Value
Final
Assessed
Value
Tax
Savings
(1st year)
Cook Class Code 3-15 Multi-Family Apartment Building $913,800 $829,550 $1,563
Will Commercial Gas Station $704,856 $549,084 $3,712
Will Commercial Steel Manufacturer $1,481,988 $1,322,220 $4,500
Cook Class Code 5-93 Lighting Manufacturer $491,780 $300,000 $7,769
Cook Class Code 3-18 Mixed Use $1,407,630 $747,670 $12,000

Property Taxes Are Not a Fixed Business Cost

Appealing every year can achieve additional property tax reductions as things change on an annual basis. If you contact us for a free estimate, we can determine your potential property tax reduction.

How Commercial Property Tax Reductions Work

If Recently Purchased

If the sales price of your new property is lower than its assessed value, we can make a compelling case for a commercial property tax reduction. We have the sales data and assessed values for all commercial properties sold in Cook County, and we can quickly identify if we can make a successful sales argument with our proprietary property tax reduction algorithm.

Income & Expense Appeal

For commercial properties that produce income, we may be able to make an argument for an assessed value reduction on the basis of the income and expenses in the subsequent years.

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