Demystifying the Cook County Property Tax System

Property Taxes Are Rising...Why?

This webinar will focus on providing foundational knowledge of the assessment practices of Cook County and how they ultimately impact property taxes. The beginning of the webinar will address levels of assessment, valuation variances, methods of valuation, and incentives. The second section of the webinar will focus on traditional income approach valuation issues confronting multi-family properties including free rent, replacement reserves, and management fees. Issues surrounding increased property tax assessments on apartments will be addressed. Viewers can also expect to learn about the various benefits and potential drawbacks of filing appeals. The webinar will wrap up with a policy discussion on issues of funding education through property taxes, especially in Cook County.

Whether you pay property taxes, factor them into your annual budget, or want to dive deeper on the topic, this webinar is free for CAA Members.

Panelists

Gary Smith

Gary H. Smith, is a principal at KSN who is a long-time champion for the accuracy, transparency and fairness in the property tax assessment process. With over 30 years of experience, Gary has represented thousands of property owners on matters related to property tax assessments and tax appeals for all types of commercial, industrial, and residential properties. Gary has saved his clients tens of millions of dollars in tax savings through successful appeals.

Jim Kane

Jim Kane is a seasoned tax professional with more than 33 years of experience working with large and mid-sized companies on tax and incentive matters throughout the United States. Throughout his career, Jim has worked collaboratively with his clients to help them achieve significant financial benefits. More recently, Kane has turned his attention to assisting clients on Illinois tax and incentive matters, while continuing his work in other states on a more limited basis.

Jimmy Kane

Jimmy Kane is a tax professional with experience working with large and mid-sized companies on tax and incentive matters throughout the United States.  During his tenure as a tax professional, Mr. Kane has assisted companies on a multitude of projects ranging in scale and industry.