Commercial Property Owners May Be Able to Get Relief with a Property Assessment Appeal This Year.

Written by Jill Odzer,

Lake County Appeal, Commercial Analyst

05/07/2021

 

Commercial property owners who have suffered due to the pandemic may be able to get relief with a property assessment appeal this year.  The assessors in Lake County understand how difficult the last year has been.  They also understand that losing businesses is not good for our communities.  Whether you have suffered through the loss of rent, increased vacancy, having to close your business for a time, or have reduced business revenue, in 2021, more than ever, let Lake County Appeal go to work for you. 

 

The assessors want to help, but they will need more than your word that business has been bad; they want data.  Owners will need to be prepared to share their 2018—2020 IRS Schedules E or equivalent, as well as other income and expense documents. Assessors may ask for other information as well. They will also need to see what you have done in the meantime, such as advertising vacant space and other ways to help your business.

Contact me, Jill, at 847-790-7900 to discuss your options.