312-767-5206

Walmart location currently involved in assessment appeals case

Just like other property owners, business owners have to pay property taxes. The taxes owed on commercial property can be extensive, so understandably, company owners want to make sure that their tax assessments are correct. In some cases, businesses may need to take legal action for assessment appeals.

Chicago readers may be interested in a case that is currently underway in another state. According to reports, retail giant Walmart has filed a lawsuit that revolves around a specific location's property tax assessment for the previous two years. The company believes that an accurate assessment of the property is closer to a property value of $9.4 million. The current tax assessment reportedly has the property valued at $1.5 million more.

The case is currently set to go to trial in July. It was noted that if Walmart wins the lawsuit, taxpayers would face the obligation of having to make up the difference in any tax value reduction. It was also noted that the city where this particular store is located would owe Walmart approximately $40,000 and interest if the court rules in the company's favor.

Commercial property owners know that property taxes can account for a considerable dent in finances. Because of this, they certainly want to make sure that they are not overpaying. In some cases, Chicago business and property owners may need to go through assessment appeals proceedings in order to fight for the right amount of property taxes. Understandably, this process can be difficult, but with the right legal help, individuals may be able to reach desirable outcomes.

No Comments

Leave a comment
Comment Information
ATTORNEYS APPEALING PROPERTY TAXES ON BEHALF OF Illinois PROPERTY OWNERS

Contact Us For A Free Consultation

Call our office in downtown Chicago at 312-767-5206. If you prefer, get started by sending us an email through our online contact form.

The Law Offices of William J. Seitz, LLC.
155 North Michigan Avenue
Suite 211
Chicago, Illinois 60601

Phone: 312-767-5206
Fax: 312-565-7475
Chicago Law Office Map

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Email Us For A Response