Standard evidence used in preparing commercial tax appeals

Evidence required to process a commercial assessment appeal must challenge the assessor's estimated fair market value and, if successful, will lower the assessed value. Typical evidence includes:

  • Three years income and expense history (Schedule E or Form 8825 from your federal income tax filings).
  • Vacancy problems affecting the property's income.
  • Photos, repair receipts or estimates for repairs needed.
  • Building part or total demolition, fire, flood, or structural faults that have adversely affected the building's condition.
  • Major factual errors in the description of your property, such as improper square footage, classification and assessment levels.
  • Sales or appraisal values which show the assessor's estimated fair market value to be too high
     

Andrea A. Raila & Associates, Inc      312-587-9494
742 North LaSalle Street, Suite 300 Chicago, IL 60654
E-Mail: ARaila@TaxesTooHigh.com     Web Site: http://www.taxestoohigh.com

 

Raila & Associates, Inc. is not a law firm and does not provide legal services. Instead, Raila & Associates, Inc. provides real estate tax consulting services that include real estate valuations and assistance with administrative real estate tax appeals. Raila & Associates, Inc. is comprised of professionals who have worked with real estate taxing authorities for many years. They know how to maximize opportunities for tax relief. Raila & Associates, Inc. has successfully helped thousands of customers affected by unfair real estate taxes.