Month: February 2019
RFC’S Recent Real Estate Tax Department Successes
RFC’S Recent Real Estate Tax Department Successes Achieved a one-year tax savings of approximately $138,000 for a 200+ room hotel in the River North area. Represented the owner of a 366-unit apartment complex in Wheeling in an appeal, resulting in a three-year tax savings of approximately $280,000. Obtained an annual tax savings of approximately $28,000
Proposed Bill Would Require Taxpayers to Submit Income Statements Annually
On February 7, 2019, HB2217 was introduced to the Illinois House of Representatives. If passed, it would amend the Property Tax Code and require all Cook County taxpayers who own income producing properties with an assessed value over $100,000 to submit income and expense statements to the Cook County Assessor’s Office on an annual basis.