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:
|Cook||Class Code 3-15||Multi-Family Apartment Building||$913,800||$829,550||$1,563|
|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.