Commercial & Office Building Property Tax Appeals
Chicago and Illinois commercial and office building property tax appeal attorneys
Property taxes can place a heavy strain on a commercial office building’s operating budget. Many owners feel they have little control over these costs or how to pass them on to tenants. At KSN, we focus on real estate tax analysis and liability planning, helping clients manage property taxes effectively and structure leases.
Our property tax appeal services include:
- Commercial property tax appeals
- Office building property tax appeals
- Retail property tax appeals
- Hotel and motel property tax appeals
- Restaurant and fast food property tax appeals
- Gas station property tax appeals
- Shopping center and strip mall property tax appeals
- Medical clinic property tax appeals
- Mixed use commercial property tax appeals
- Municipally owned property with leaseholds property tax appeals
Making Your Property Tax Liability Predictable
By partnering with KSN attorneys and legal professionals, Illinois commercial property owners can work toward making their tax liability more predictable and manageable. This advantage that can make their properties more appealing to potential lessees. We assist clients in structuring leases that fairly allocate property tax expenses while maintaining competitive rental rates.
Commercial buildings are often assessed based on their income-producing potential. At KSN, we analyze key factors such as rental income, operating expenses, property use, condition, and tenant mix to build a strong case for a fair and accurate valuation. This approach helps our clients better manage their assessments and overall tax liability.
KSN will develop an income analysis of your commercial property and review including:
The amount, quality and durability of lease income over the economic life of the property.
Market data rents and expenses, or actual income and expenses capitalized.
Condition and level of occupancy of the property.
Sales of comparable properties in the area in order to argue for lower taxes on the property’s value.
Understanding Illinois Commercial Property Tax Appeals
Curious how commercial property tax appeals work in Illinois? This article covers how Cook County calculates commercial assessments using data like rents, vacancy rates, along with cap rates – and how to challenge your tax bill with confidence.
KSN works on a contingency fee basis. What does that mean?
Unlike some competitors, our law firm does not charge a processing fee. Our clients do not pay a legal fee unless we are able to successfully reduce their property tax assessment.
Questions about our Illinois property tax appeal services? Ready to start your appeal?
Please contact KSN today to discuss your legal needs.
Fill out the form or reach our law firm by calling 855-537-0500.
KSN provides a number of legal services including community association law, landlord/tenant law, collection, property tax appeals, and more.
By using the form, you understand and accept that we cannot treat unsolicited information as confidential. Further, initiating possible legal representation requires review for any potential conflict of interest.
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