Commercial property tax appeal

If you own property in Lake County, Illinois (or any other county in any other state for that matter) you pay a substantial amount of property taxes over the course of the year. The amount of property taxes you pay is based on the Fair Market Value (“FMV”) of your property, which is determined by the county tax assessor. Generally, the trend is for property tax assessments to only increase over time, but the good news is that you, as the property owner, have the right to appeal your tax assessment every year. With tax appeal season right around the corner, now is the time to consider appealing your property taxes.

If you are a commercial property owner, there are a number of circumstances where a tax appeal may be appropriate and/or necessary:

  1. Similar commercial properties in the surrounding area have been appraised at lower values than your own
  2. Similar commercial properties in the surrounding area have sold for lower values than your property has been appraised
  3. You own an income-producing commercial property currently experiencing financial difficulties
  4. Your commercial property requires substantial repairs
  5. You are preparing to sell your commercial property

The often-complicated process of appealing property taxes can be daunting, which is why many Illinoisans fail to utilize their right of appeal; but the truth of the matter is that the large majority of us could use extra cash in our pockets or bank accounts, especially amidst the uncertain times in which we are living. That is why it is in your best interest to let our experienced real estate/tax appeal attorneys handle your tax appeal for you. Not only will we take your appeal from start to finish, but it comes at little risk to you; we charge a modest application fee and you only pay us for the service if we are successful in getting your taxes reduced. We handle property tax appeals throughout Lake County, Illinois. Don’t miss out on your opportunity to save some cash. Contact our Libertyville, Illinois office today for a FREE initial consultation.

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Contact Details

Johnston Tomei Lenczycki & Goldberg LLC

Phone Number: (847) 549-0600
Fax Number: (847) 589-2263

Libertyville Office
350 N. Milwaukee Ave., Ste. 202
Libertyville, IL 60048

Gurnee Office
223 N. IL. Rt. 21, Ste. 14
Gurnee, Illinois 60031