Assessed Valuation Appeals
We file assessed valuation appeals regarding residential, commercial, industrial and multi-unit properties. Our office takes a very proactive approach by first researching and analyzing a property’s specific assessment history. We then determine what type of legal theory is best suited to an appeal for that specific property. For example, in a commercial or multi-unit property appeal either the income approach or comparable sales approach might be the most advantageous theory. Where necessary, we will recommend the services of an appraiser highly experienced in preparing real estate tax appraisals. A good appraisal often can make the difference between a successful or unsuccessful appeal.
Assessment Reviews
We advise our clients to have their real estate tax situation reviewed annually by our office. One reason is because some counties (i.e. Lake County) reassess all properties on an annual basis. In Cook County specific areas of the county are reassessed every 3 years—what is known as the Triennial Reassessment process. Taxpayers are not limited to appealing their assessed valuations during just the 1st year of the Triennial period. Instead, they can appeal every single year during the entire duration of the 3 year Triennial period.
Tax Exemption Information
We inform clients of their eligibility for specific tax exemptions affecting: (1) those homeowners whose home is their principal residence; (2) senior citizens; (3) people with disabilities; (4) veterans and disabled veterans; and (5) homeowners who have made specific improvements to their homes; These tax exemptions can add up to thousands of dollars in tax savings for eligible taxpayers. However, it is surprising how many taxpayers are not aware of these particular exemptions. Again, our office attempts to proactively advise clients regarding their rights to particular exemptions.
Commercial and Residential Real Estate Transactions
We represent clients in the purchase and sale of commercial and residential properties. Our representation includes the drafting, review and negotiation of all contracts, agreements and related documents. Further, we attend all closings of these transactions and the performance of all post-closing work. Mr.Linn is a title agent for everal top-rated title companies.
