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  • Assessing Commercial Real Estate Taxes

Assessing Commercial Real Estate Taxes

  • March 27, 2019
  • 8:00 AM - 10:30 AM
  • 701 E. 22nd Street, Lombard, IL

Registration

Brought to you by the Government Affairs Committee

Presented by DuPage County York Township Deputy Assessors Fred Beno & Jerry Rudman

Want to make your business better, but don't know where to turn?  We're bringing in experts from DuPage County to lay out best practices, and help property managers stay on the cutting-edge.

Background:

The tax attorney has different things he needs from the property manager to be able to fight the taxes, i.e., rent roll, vacancy reports, marketing materials, and they might want an appraisal done.  The data can be cumbersome if you are not keeping accurate, up to date records and the filing period is short.  It’s also very interesting to understand how the bill is generated to get a feel for how the total bill comes about.  Retail tenants pay a percentage of tax increase as do also larger office tenants in some instances.  Those tenants want to know that you are diligently fighting tax increases and the leases state that they can fight them if you are not.  Those tenants also pay their proportionate share of that tax attorney bill, so again, they want the most bang for their buck

Specific topics you will learn:

  • What components make up the tax bill – how is it compiled to get to the grand total you pay.
  • How do you fight your taxes.
  • Do you need to have an appraisal to fight your taxes and when is one helpful?
  • What records/data will you need to fight your taxes?
  • How is your property assessed?
  • How often is it re-assessed?  This is different from county to county.
How long can you fight taxes in arrears (very useful if you take over a property where taxes were not fought recently).

This seminar is open to all Commercial Real Estate & Industrial Property Managers, Accountants and Attorneys.

Fees: This program is free to all members, as well as Commercial Real Estate & Industrial Property Managers, Accountants, and Attorney who are interested in Advocacy. Non-member vendors will not be admitted.  

Register: Registration will close on Friday, March 22.   






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