Residential condominium unit owners typically appeal their property tax assessments jointly in conjunction with all or most of the building’s other units. There are three advantages to filing a joint condominium assessment appeal:
(1) market forces that affect the value of an individual condominium unit will have a similar effect on the other units as well
(2) the percentage of ownership assigned to each unit is a major valuation factor
(3) the Association or Board is most likely to have access to relevant sales information.
O’Keefe Law Firm, Ltd. has extensive experience representing condominium associations before the local assessor’s offices, boards of review, circuit courts, and the Illinois Property Tax Appeal Board, when necessary. Our aggressive advocacy on behalf of condominium associations often yields extensive real estate tax savings for each of the association’s unit owners. Please have your condo or townhome representative contact us directly.
Cook County is on a 3 year cycle which most residential properties are reassessed every three years. We review your assessed value yearly to determine if the market or other factors may reduce your assessed value.
Please contact our office to discuss your assessed value and ability to file a property tax appeal.