Project Description
Industrial Warehouse
6565 Howard Street Niles, IL (Cook County)
- Obtained tax savings & refunds of nearly $550,000 over 6-year period.
- Argued that assessment equity should apply to this building based on lack of uniformity with neighboring properties.
Nikos Tsonis was retained to evaluate and appeal the assessment of a 78,000 SF industrial warehouse building used by Ennis Paint.
Nikos argued that in addition to the property’s overvaluation as demonstrated by recent industrial sales in the area, the building was not being equitably assessed compared to similar industrial buildings in the immediate vicinity, resulting in a 39% reduction in the triennial assessed value.
Nikos obtained refunds for 2010-2012 totaling $140,000 and reduced the property’s taxes in the 2013-2015 triennial period by nearly $400,000.