Chicago & Cook County Tax AppraisalsPeterson Appraisal Group, Ltd. specializes in commercial and industrial real estate appraisals to help establish fair assessments for real estate tax purposes in Chicago and Cook County, IL. Property taxes represent one of the largest expenses for most real estate owners. When property taxes are unfairly too high, the property owners financial viability can be at risk. A summary of the 2014 Cook County Tax Rates (most recent available) can be found here. A copy of the 2016 reassessment schedule is as follows:
|Township||Assessment Notices Mailed|
According to a recent study by the Heartland Institute Cook County property tax collections increased 48% from 2000 to 2010. This reflects a real estate tax collection increase over double the rate of inflation (22.5% per U.S. Department of Labor Statistics). In numerical terms, Cook County property tax collections climbed from $7.89 billion to $11.69 billion in the 2000 to 2010 period.
The City of Chicago's taxing agencies increased 44 percent from 2000 to 2010. Suburban taxing bodies increased property taxes by 75 percent and the Water Reclamation District increased taxes by 29 percent. School districts increased their taxes by 58 percent with twenty-seven districts more than doubling their levies over the past decade.
If you believe your commercial property may be over assessed please contact us. We will be happy to discuss next steps with you at no cost or obligation.
No single family or small apartments with four units or less please, we focus exclusively on commercial and industrial real estate tax appraisal.
Gary T. Peterson, MAI, MBA
Michael J. W. Halliburton, MAI
"I have worked with PAG dozens of times (for tax appeal appraisals) because of my legal practice... They are responsive and professional - and very consistently so. The appraisals they provide are great".
- N. Tsonis, Property Tax Attorney
"Professional, punctual and helpful... I would certainly recommend this company".
- C. Noone, Property Owner
"I have used Peterson Appraisal for bank loans and real estate tax appeals for years in my law practice. They are much more thorough than other firms we have tried. We have much more confidence in their values".
- J. Chie, Attorney at Law
Peterson Appraisal Group, Ltd.
We do not spam, share or sell contact information.
* Name * E-mail Phone * Questions or Comments
|* Questions or Comments|
SOME PEOPLE WE WORK WITH
-Elliott & Associates
-Amari & Locallo
-Siegel & Callahan
-Relias & Tsonis
-Heilingoetter & Associates
-Rieff, Schramm, Kanter & Guttman
-Liston & Tsantilis
Fast Food Appraisals - The Best Unit of Comparison
Fast Food - Valuing Real Estate Not Franchise Leases
Restaurant Sales Levels Can Support Over-Assessment Arguments
Effective Tax Rates Cook County Commercial/Industrial Properties
Tax Rates Spiraling Upward
2014 Office Market Conditions - South Cook County
2014 Industrial Market Market Conditions - South Cook County
Chicago Tax Appraisal Analysis - South Cook County Suburbs Most Likely To Be Over Assessed
2015 Property Reassessment Schedule for Chicago
The Assessor's Quandary - 2013 Industrial Assessments Levels - Elk Grove Township
Investor Surveys Overstate Capitalization Rates for Tax Purposes
Commercial Real Estate Appraisal Considerations: TI's & Leasing Commissions - Above the Line Expense?
Chicago Area Industrial Market Conditions
Chicago Area Self-Storage Appraisal For Tax Appeal Purposes
Chicago Tax Appraisers Must Recognize Funeral Home Obsolescence Issues
Special Use Properties Often Overassessed
Chicago Area Bank Branches Often Overassessed
Could Chicago Property Valuations Drop Further?