With millions of businesses closing or shuttering for months — hotels, restaurants, shopping malls, commercial offices and retail businesses, to name just a few — COVID-19 (commonly known as the coronavirus) is wreaking havoc in ways that will have lasting effects on our economies and communities. One area almost … [Read more...]
Owner, Beware! When Assessors Seek Business Income Information
January 10, 2014 Leave a Comment
Is it appropriate for a tax assessor to use business income information to determine taxable value? I address this question in the January 2014 issue of Commercial Property Executive. The article can be viewed here. … [Read more...]
Assessing Damaged or Destroyed Property in the Aftermath of Recent Tornadoes in Indiana and Illinois
November 27, 2013 Leave a Comment
Illinois and Indiana recently suffered a series of violent tornadoes. Earlier this November, there were 24 confirmed tornadoes in Illinois and 28 confirmed tornadoes in Indiana. Property taxes are likely a long-way down the list of concerns of people affected by these tornadoes. However, owners of property in … [Read more...]