Commercial properties appealed by the Fitzgerald Law Group include hotels, office buildings, retail, regional and local shopping centers, senior care, nursing and other care facilities and the entire range of other commercial properties throughout the metro Chicago region.

Pursuant to an appeal, assessing officials will consider evidence of market value such as a recent appraisal or a recent arms-length sale. Of course, evidence of a substantial vacancy will also often serve as the basis for a temporary reduction in the assessed valuation.

Condominiums, Coops and Townhouses
Condominiums, coops and townhouse developments appealed by the Fitzgerald Law Group include developments located throughout Cook County and also some of the more upscale developments on the near north side and north shore.

Despite stable market values, condominium and townhouse boards should be vigorously contesting their property tax assessments, annually.

When assessing such properties, the Assessor attempts to insure that each unit is assessed uniformly with other units within that specific development. Pursuant to an appeal, assessing officials will consider evidence of uniformity from other nearby developments and occasionally, the Assessor will also consider evidence of market value such as an arms-length sale price or an appraisal.

Cook County commercial and industrial condominiums, until recently, were among the highest taxed real estate in the United States. The former Assessor was using sale price as the only parameter that was indicative of market value, without considering other factors. That methodology has changed. Assessing officials will now consider an arms-length sale or a recent appraisal as being indicative of market value.

Corporate Taxpayers
We respond promptly to RFP’s. Please direct it to John P. Fitzgerald. Tax managers should consider the advantages of having one law firm doing all of your work. No missed deadlines, immediate answers as to status and use of our unique “Client Results Report”

Industrial Real Estate
The industrial properties appealed by the Fitzgerald Law Group include large and small manufacturing, warehousing and distribution facilities, self-storage properties, industrial incubators and truck terminals. We identify potential incentives made available for new and rehab industrial projects.

Pursuant to an appeal, assessing officials will consider evidence of market value such as a recent appraisal or a recent arms-length sale. Of course evidence of a substantial vacancy will often also serve as the basis for a temporary reduction in the assessed valuation.

Land
Fitzgerald Law Group has represented owners and lessors of vacant land, excess land, farmland, environmentally contaminated parcels, land within a floodplain and wetlands. The assessing officials strive to achieve some sense of uniformity when assessing land.

Pursuant to an appeal, the assessing officials will consider evidence of a lack of uniformity or evidence of market value, such as a recent appraisal or a recent arms length sale. Of course evidence as to the actual usage of the land can often result in a substantial reduction in the assessed value.

Multi-family Real Estate
The multi-unit residential properties appealed by the Fitzgerald Law Group includes rental apartment buildings and apartment complexes, for profit and not-for-profit senior housing developments and Section 8 buildings.

Pursuant to an appeal, assessing officials will consider evidence of market value such as a recent appraisal or a recent arms-length sale. Of course, evidence of a substantial vacancy will often also serve as the basis for a temporary reduction in the assessed valuation.

Real Estate Tenants
You or your company may be entitled to a substantial rebate for past property taxes paid, due to refunds your lessor may have obtained. These refunds would be the result of Tax Rate Objections, actions before the Property Tax Appeal Board, or in the Circuit Court. Call John P. Fitzgerald for more information about how to obtain that refund.

REOs
Real estate foreclosed upon and owned by a lender is often in an advanced degree of obsolesce due to neglect by the previous owner. That level of obsolesces combined with possible vacancy, directly relates to the market value and may serve as a basis for a reduction in the assessed valuation.

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Contact Us

For more information about our services:

Fitzgerald Law Group, PC
7035 High Grove Boulevard
Burr Ridge, Illinois 60527
Telephone: (630) 371 – 4000

Other offices in Chicago & Culver

E-mail: jpf@fitzgeraldlg.com

Text: 312.346.3000