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  • Assessing Commercial Real Estate Taxes - Cook County

Assessing Commercial Real Estate Taxes - Cook County

  • June 05, 2019
  • 8:00 AM - 10:00 AM
  • 10275 W. Higgins Road, Rosemont, IL 60018

Presented by

 BOMA/Suburban Chicago Government Affairs Committee and

Oak Park Township Assessor: Ali El Saffar


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

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 increases as do 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. 

Seminar Objectives:

  • What components make up the tax bill – how is it compiled to get to the grand total you pay
  • How do you appeal your taxes?
  •  Do you need to have an appraisal to appeal your taxes and when is one helpful?
  • What records/data will you need to appeal your taxes?
  •  How is your property assessed?
  • How often is it re-assessed?  This is different from county to county.
  •  How long can you appeal taxes in arrears? (Very useful if you take over a property where taxes were not appealed recently.)
  • Why does my tax bill continue to rise year after year?
  • At the end of the presentation the Government Affairs Committee will provide an update on the Cook County Parking Lot and Garage Operations Tax issue.

Who Should Attend?

Property Managers, Asset Manager, Finance Manager, Attorneys, Account Administrators,

Anyone Who May Handle Tax Bills.


BOMA/Suburban Chicago
1515 E. Woodfield Rd, Suite 110
Schaumburg IL 60173

Phone: (847) 995-0970
Fax: (847) 995-0971
boma@bomasuburbanchicago.com




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