Home > Services > Real Estate Tax Assessment

REAL ESTATE TAX ASSESSMENT

The goal of Thompson Coburn’s Real Estate Tax Assessment (RETA) practice is to help every client obtain the lowest possible real estate tax liability allowed by law. Although taxes are certain, the extent of your tax liability may depend on the actions you take.

We represent clients in valuation appeals challenging their property’s market value throughout Illinois and Missouri. Our services include evidence compilation and negotiations with assessment officials at the county and state level (e.g., the Property Tax Appeal Board in Illinois and State Tax Commission in Missouri) and/or applicable County Circuit Courts. The practice group also offers experienced counsel on the real estate tax consequences in complex purchase and leasing transactions.

We handle all types of properties, including commercial office buildings, retail properties, hotels, hospitals, restaurants, industrial properties, leasehold interests, apartment buildings, condominium complexes, properties undergoing conversion from apartments to condominiums, vacant land and ongoing construction projects.

Our representation of two suburban office buildings in Cook County resulted in more than $174,000 in tax savings for one building and more than $661,000 for the other building.

We negotiated a $1 million reduction in market value for a 358,000-square-foot industrial building in Lake County, Ill.

Our representation of over 250 apartment buildings resulted in $15 million in tax savings.

We obtained a $31 million reduction market value of a single-tenant office complex, resulting in more than $2 million in tax savings.

Our representation of over 20 million square feet of manufacturing and warehousing space resulted in tax savings in excess of $50 million.

Partner
Chicago
312 580 5063

Tom helps commercial, industrial and residential property owners challenge their property tax assessments to capture significant long-term cost savings on their tax liabi...

Tom helps commercial, industrial and residential property owners challenge ...

Tom Boyle
Partner
Chicago
312 580 2223

Patrick practices in Thompson Coburn’s Real Estate Tax Assessment Practice Group.

Patrick practices in Thompson Coburn’s Real Estate Tax Assessment Practice ...

Patrick Cullerton
Partner
St. Louis
314 552 6161

Janette has over thirty years’ experience practicing in all areas of state and local taxation, including representing clients before state and local taxing authorities in...

Janette has over thirty years’ experience practicing in all areas of state ...

Janette Lohman
Partner
Chicago
312 580 2347

Anita's practice focuses on banking and commercial finance and real estate tax assessment.

Anita's practice focuses on banking and commercial finance and real estate ...

Anita Mauro
Partner
Chicago
312 580 2335

Fred has practiced law in the Chicago area since 1991, primarily focusing on local and national product liability and premises litigation.

Fred has practiced law in the Chicago area since 1991, primarily focusing o...

Fred Richards III
Associate
Chicago
312 580 5034

Shannon practices in Thompson Coburn's Real Estate Tax Assessment Practice Group.

Shannon practices in Thompson Coburn's Real Estate Tax Assessment Practice ...

Shannon Sheehan