Lawyers at Maher, Brannigan & Heywood, P.C. using an income approach to value were able to secure relief on behalf of a large hotel owner in Chicago’s Gold Coast.
The property’s taxable market value went from approximately $56,000,000 to $13,000,000 resulting in over $2,000,000 in property tax savings.
MBH, P.C. attorneys also have been able to secure approximately $40,000 to $50,000 in property tax refunds for the same client through tax objection actions in Circuit Court.