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Home / Practice Areas / Property Tax

Chicago Property Tax Attorneys Assert Landlords’ Rights

Helping your business get an accurate tax assessment and relief on appeal

Commercial and residential landlords in Chicagoland often feel like they’re in an abusive relationship with state and local government. Courted lavishly with tax incentives and abatements, then socked with astronomical assessments, property owners have to wonder whether the business opportunities outweigh the burdens. At Rieff Schramm Kanter & Guttman LLC, our attorneys appreciate the vital contributions that landlords make to the economy of Cook County and Lake County. We know that when your property taxes are too burdensome, they prevent you from servicing your tenants, which in turn hurts your business. We offer robust property tax representation to get you an accurate and fair assessment that may lower your taxes and free your resources to grow your business.

Property tax appeals in Chicago, Cook County and Lake County

If your latest tax assessment has left you dumbfounded, there’s a good chance the assessment isn’t correct. Most assessments are, at best, an educated guess. There are numerous factors, probably unknown to the assessor, that can influence your assessment, including:

  • The condition of the property
  • Vacancies on the property
  • Temporary decline in rental income due to renovations
  • Assessments of property in your area deemed to be similar

There may also be state laws and local ordinances that affect your tax assessment. You might qualify for exemptions as well. A careful analysis of building sales in your area can yield data useful to a challenge of your property’s assessed value. We analyze data such as rents, purchase prices, income produced, and construction costs to test the accuracy of your property tax assessment.

If you have not appealed your property taxes in the past three years, now is the time to see if you’ve been overassessed. Our experienced attorneys have more than 140 years of experience in Illinois property tax law. We can guide you through the process of appealing your assessment.

In-depth analysis planning makes your tax liability predictable

It’s hard to plan for your business when you don’t know what your property tax bill might be from year to year. Our attorneys assist with tax planning for various types of property, such as:

  • Apartment buildings
  • Condominiums
  • Commercial and office buildings
  • Retail properties and storefronts
  • Industrial property

We can help you structure your leases to include a reasonable share of the property tax burden based on an analysis of market data for buildings in similar condition, your property’s level of occupancy/vacancy, and the actual income you derive.

Contact a respected Chicago law firm for property tax issues

Don’t let excessive property taxes needlessly drain your company’s resources. Rieff Schramm Kanter & Guttman LLC provides reliable advice that can lower your tax burden. To schedule an appointment, call 331-310-0855 or contact our Chicago office online for a free consultation.