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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
 

  • 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
     
  • Ford Heights, Illinois
    Obtained renewal of Class 8 incentive
    Property tax savings of approximately $700,000
     
  • 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
     
  • Cicero, Illinois
    Obtained Class 8 incentive assessment for 16-screen movie theater
    Property taxes reduced by more than $400,000 annually
     
  • Northbrook, Illinois
    Obtained Class C incentive assessment
    Formerly contaminated property
    Created economic basis for commercial redevelopment
     
  • Franklin Park, Illinois
    Obtained Class 6b incentive and successfully challenged valuation
    Annual property tax savings of approximately $100,000
     
  • Countryside, Illinois
    Obtained Class 6b incentive
    Annual property tax savings of approximately $50,000
     
  • Bedford Park, Illinois
    Obtained renewal of Class 6b incentive assessment
    Saving approximately $45,000 per year
     
  • Chicago, Illinois 350,000 square feet - renewal of Class 6b incentive assessment
     
  • Chicago, Illinois
    Obtained Class 6b incentive assessment
     

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