Owned by a food and meat products manufacturer based in Austin, Minn., this Illinois property was originally built in 1964 as a pork processing plant. Over time, several additions were built onto the property as the building was reconfigured into a general-purpose...
Industrial properties present special challenges to property assessors. As drivers of the economy, these properties are large, visible structures in the community, home to expensive equipment and activities that generate revenue. In smaller communities, industrial...
Corporate headquarters facilities often suffer from several forms of functional and external obsolescence. If an assessor doesn’t realize this, the property can be overtaxed, which is what happened with the corporate headquarters of this Fortune 500 medical technology...
To determine if an appeal is right for your commercial property, consider these questions. Can your building accommodate multiple tenants? Single-tenant buildings are constructed with a specific purpose for a specific client. These buildings don’t hold the same value...
Three things to consider about your property tax assessment. There are three important factors to consider about your current industrial property tax assessment when determining if an appeal is the right next step. Age: Has it been five or more years since the last...