Commercial Property Owners Archives

Category: Commercial Property Owners

Commercial property owners: Maximize property tax savings with the right appraisal

September 22, 2022

Smart taxpayers know that buying an appraisal can help them save them thousands of dollars when appealing their property taxes. But getting the right appraisal is critical to maximizing your tax savings. Using an appraisal...

The New Affordable Housing Incentive Program and Its Benefits

June 22, 2022

Lauren Elliott & Melissa Whitley wrote this article that was published in the Tax Trends newsletter of the Illinois Start Bar Association’s Section on State & Local Taxation. Click here to read the article....

Chicago Sun-Times Claims Cook County Assessor Kaegi Botched COVID Tax Relief

February 17, 2022

The Chicago Sun-Times recently published an investigative report claiming Cook County Assessor Fritz Kaegi cut 2020 assessments for nearly all Cook County homes based on a “wild miscalculation” that pandemic-induced job...

Big property tax shift to commercial properties. Why it’s happening and what you can do about it

August 4, 2021

You may have heard that property taxes on commercial properties in Cook County are on the rise. But you may not know why this is happening or what you can do about it. As part of a new series of messages that aims to...

Property taxes and Financial Defense

January 20, 2021

Thank you to IREM for allowing us to our partner, Michael Elliott, speak on the latest challenges and trends for commercial property owners and managers as it relates to property taxes. Understanding the complicated...

If everybody gets an assessment reduction, nobody gets an assessment reduction

November 16, 2020

You may receive a notice from the Assessor stating that your assessment is being reduced due to COVID but that may not mean a reduction in your tax bill. Why? Read the full Crain’s article here. UPDATED 11/19/2020 –...

Mike Elliott ranked top #5 in two categories in Leading Lawyers Magazine

October 9, 2020

Leading Lawyer magazine names Elliott & Associates partner Mike Elliott #5 Real Estate Tax attorney in Illinois and #3 in the Suburban Real Estate category....

Lauren Elliott selected top 2.5% Illionois Lawyer

October 8, 2020

Super Lawyers selects Elliott & Associates attorney Lauren Elliott to the Illinois Super Lawyer Rising Star list for the second year In a row. ...

I’ve successfully appealed my property taxes. What are the tax savings?

September 3, 2020

Question: If Elliott appeals my assessment and wins, will my tax bill be less than last year? Answer: Not necessarily. But, in nearly all cases, if we file a tax appeal for you and win, your taxes will be less than...

Why are my property taxes more than last year even though I successfully appealed my taxes?

September 3, 2020

Question: You filed an appeal on my property and the assessment was reduced, buy my tax bill is higher than last year. Where are the savings? Answer: When your assessment is reduced because of a tax appeal, your...