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Recent Decisions / Settlements
Some of Worsek & Vihon’s recent
successful property tax appeals include the following:
Annual
Tax Savings/Refunds |
Location |
Case |
| $1,100,000 |
Kankakee County |
Illinois Supreme Court affirmed the decision of
the Illinois Property Tax Appeal Board reducing the market value
for an underground natural gas storage area from $32,000,000 to
$1,700,000 |
| $730,000 |
Schaumburg, IL |
Property tax appeal for a 620,000 square foot
shopping center |
| $621,000 |
Chicago, IL |
County agreed to settle overvaluation lawsuit
for a 690,000 square foot office building |
| $440,000 |
Schaumburg, IL |
Property tax appeal for a “big box” store |
| $366,000 |
Chicago, IL |
Property tax appeal for a residential
cooperative apartment building |
| $277,000 |
Chicago, IL |
Property tax appeal for new construction
400-unit condominium building |
| $210,000 |
Chicago, IL |
Property tax appeal for a 250,000 square foot
shopping center |
| $209,000 |
Chicago, IL |
Property tax appeal for a 345 room hotel located
just off Michigan Avenue |
| $192,000 |
Niles, IL |
Property tax appeal for a 453,000 square foot
industrial complex |
Incentive Assessments - Case Studies
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Chicago Heights, Illinois
350,000 square feet - obtained tax abatement and Class 6b incentive
Property taxes reduced to $200,000 for a tax savings of
$1,000,000
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Ford Heights, Illinois
Obtained renewal of Class 8 incentive
Property tax savings of approximately $700,000
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Dolton, Illinois
500,000+ square foot manufacturing facility
Obtained Class 6b renewal, Class 8 incentive and challenged valuation
Annual tax savings of approximately $600,000
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Cicero, Illinois
Obtained Class 8 incentive assessment for 16-screen movie theater
Property taxes reduced by more than $400,000 annually
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Northbrook, Illinois
Obtained Class C incentive assessment
Formerly contaminated property
Created economic basis for commercial redevelopment
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Franklin Park, Illinois
Obtained Class 6b incentive and successfully challenged valuation
Annual property tax savings of approximately $100,000
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Countryside, Illinois
Obtained Class 6b incentive
Annual property tax savings of approximately $50,000
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Bedford Park, Illinois
Obtained renewal of Class 6b incentive assessment
Saving approximately $45,000 per year
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Chicago, Illinois
350,000 square feet - renewal of Class 6b incentive assessment
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Chicago, Illinois
Obtained Class 6b incentive assessment
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