Chicago and Illinois business property tax appeal attorneys
Small business owners and real estate investors are squeezed from every direction as they try to turn a profit while faced with rising expenses and dwindling revenues. Property taxes can be one of your largest and most frustrating cost. You receive your tax bill and feel as though there is nothing that can be done.
KSN property tax appeal attorneys concentrate on real estate property tax analysis and tax liability planning. Our law firm works in partnership with small business owners to assist them in the cost-effective management of their properties, specifically focusing on their property tax burdens.
Unlike other types of properties, commercial property assessments must account for the profitability of business operations on the premises measured against depreciation, vacancy, and other factors. Working with KSN allows property owners to potentially predict, and control, and reduce their tax liability in order to eliminate the “sticker shock” that comes in the mail twice a year.
Our property tax appeal services include:
- Retail property tax appeals
- Small business property tax appeals
- Restaurant and fast food property tax appeals
- Convenience store property tax appeals
- Automotive repair building propert tax appeals
- Gas station property tax appeals
- Car wash property tax appeals
- Bar and lounge property tax appeals
- Bank property tax appeals
Factors in property tax appeals for retail and small business owners:
- Market value/appraisal: We will review the value of your property in the marketplace to ensure that the assessment is not excessive. This will include an analysis of comparable sales as well as rents in comparable leased storefronts and retail spaces.
- Recent purchase/sales price: Is the assessment higher than the purchase price, and most importantly, is there support for an argument that the purchase price was too high?
- Income-producing properties: Retail/storefront buildings can be 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. The use, condition, and level of vacancy may also be factors.
- Construction costs: Based on prevailing costs, what is the value of your building newly built, minus depreciation?
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.
