Chicago and Illinois multi-family and apartment building property tax appeal attorneys
For the owner of an apartment building trying to serve tenants and make a profit, property taxes are generally the second-highest expense, only after the financing costs of the property.
Apartment building owners can be frustrated because they think they lack control over their tax liability. KSN property tax appeal attorneys concentrate on real estate property tax analysis and tax liability planning. Our law firm works in partnership with landlords, multi-family property owners, and real estate investors to assist them in the cost-effective management of their properties, specifically focusing on their property tax burdens.
In Illinois, income-producing properties are valued in the assessment process based on their income-producing capacity. Expenses and rent are major factors in our analysis of the property’s value.
Our property tax appeal services include:
- Apartment building property tax appeals
- Multi-family property tax appeals
KSN will develop an income analysis of your property and review:
- The amount, quality and durability of net income over the economic life of the property
- Market data rents and expenses, or actual income and expenses capitalized
- Condition and occupancy of the property
- Sales of comparable properties in the area in order to argue for lower taxes on the property’s value
We work on a contingency fee basis.
KSN does not have a processing fee. You pay no legal fees unless we are able to reduce your property tax assessment reduction. We maintain competitive fee rates so you save more money by choosing KSN instead of our competitors.
Questions about our property tax appeal services? Ready to start your appeal?
Please fill out the form below or call us at 1-855-537-0500.
