Maximize your tax savings.

We will conduct a detailed property tax analysis, for your business’s unique situation.

We value each property owner’s unique situation and work to understand the particulars of each appeal.

Situation

A new client was frustrated with the high south suburban property tax liability of approximately $80,000 for his approximately 20,000-sq.-ft, two-unit industrial building. Although he was using a large, high volume downtown firm for a number of years, the tax liability was still chronically excessive.

 

Sandrick’s Solution

A thorough analysis along with a personal visit to the property determined the building was really owner-occupied as both he and his partner had their respective businesses in each unit. Unfortunately, the downtown law firm utilized an Income Analysis based on the rent the owners were paying themselves. That rent was based on the debt service and was grossly above market. The high rents supported a high assessment. Once we understood this was an owner-occupied facility, we obtained an appraisal, which established a market value substantially less than the Assessor’s proposed value.

 

Client’s Tax Savings

Because we took the time to visit the building and fully understand the surrounding facts, our client not only saved $38,000 in the first year of the appeal, but also received a significant refund of the prior year’s taxes.

We won’t overlook the basics.

We understand the importance of taking time to review the underlying facts upon which an assessment is based.

Situation

A south suburban real estate company called us when they became frustrated with the high tax on their 7,500-sq.-ft. office building.

 

Sandrick’s Solution

As with all new files at Sandrick Law Firm, we immediately ordered records from the Cook County Assessor’s Office and conducted a personal inspection of the property with the record cards in hand. It became apparent there was an error in the computation of the building’s square footage. Initially there was a 2,500-sq.-ft. section of the building and then a 2,500-sq.-ft. addition. The real estate office comprised 5,000-sq.-ft. but a transcription error – perpetuated over a number of years – counted the addition twice. The Assessor’s record cards showed a 7,500-sq.-ft. building rather than 5,000-sq.-ft.

 

Client’s Tax Savings

Despite using several downtown law firms prior to contacting Sandrick Law Firm, this error was never recognized. Unfortunately, nobody ever took the time and effort to review the record cards or visit the subject. As a result of our analysis, property taxes were reduced substantially.

You need to know it to appeal it!

It is important to us to understand not all high tax bills are a result of being simply overvalued.
It is vital to review the Assessor record cards to ensure an accurate assessed value.

Situation

A Cook County golf course/country club owner called us to review his tax bills for the numerous parcels that comprised the entire property.

 

Sandrick’s Solution

When we reviewed the Assessor’s record cards and conducted several personal inspections of the property, we found only one 10,000-sq.-ft. maintenance building when the owner was being assessed for two. Unfortunately this error had been on the books for years, costing the client hundreds of thousands of property tax dollars.

 

Client’s Tax Savings

As a result of our thorough analysis, which included a review of record cards and our personal inspections, we corrected the error AND obtained refunds for our client for three prior years, which is the maximum allowable by statute. The total tax dollars saved including the three years of refunds was more than $160,000.

We aim for optimal tax savings not simple solutions.

We will not settle for the easiest or quickest method of tax relief. Rather, we will thoroughly and aggressively utilize
all potential remedies when advocating on behalf of our clients.

Situation

An owner called us about a 25,000-sq.-ft, two-unit commercial building located in the South Suburbs. The owner was represented by one of the largest Chicago property tax firms. Because the building was about 60 percent vacant, the Chicago firm simply requested vacancy relief. As is typical with many firms, no one actually visited the subject as part of their appeal preparation. When we began our representation the subject’s tax liability was $155,000.

 

Sandrick’s Solution

After our inspection and analysis, we determined the 9,000-sq.-ft portion that was occupied was grossly overvalued. We suggested a more aggressive approach, which included contesting the underlying taxable market value for the entire property AND the vacancy issue.

 

Client’s Tax Savings

As a result, the subject’s tax liability was reduced by nearly two-thirds to $53,000. This is a substantial savings, especially with the 46% equalized tax rate that affects this particular South Suburban property.