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Summary In Support Of Petition - Individual Commercial Industrial And Apartment - Illinois
| Summary In Support Of Petition - Individual Commercial Industrial And Apartment Form. This is a Illinois form and can be used in Board Of Review Cook Local County . |
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Individual Summary in support of petition Commercial, Industrial and Apartment Complaint No: ______________ PIN No (lead only): __________________________ Township _____________ Property Type Commercial Industrial Apartment Current Assessed Value (all parcels) Current Market Value __________________ Assessment Level ______________ 2012 Assessed Value______________ Requested Market Value (all parcels) ________________Requested Assessed Value __________________ Are there any pending matters before the Illinois Property Tax Appeal Board? If yes, which years? _______________ yes no yes no Is this appeal based on lack of uniformity? What percentage of the property is owner occupied? _______________ Gross Sq. Ft. __________ Net Rentable Area ________________ Date of Purchase (if within last 3 years) __________ Purchase Price _______________ Cost to construct (if within last 3 years) _________________ Date of Construction ______________ APPRAISAL Fair Market Value ___________________ as of ___________________Date of Inspection ________ Purpose of Appraisal Purchase Refinance Real Estate Tax Appeal Other Range of Sales Comparables per sq. Ft.: ____________ Appraiser's Potential Gross Income _______________ Appraiser's total expenses ______________ Appraiser's Capitalization Rate _______________ ECONOMIC ANALYSIS Number of Rental units ____________ Number of Commercial units _____________ Are tenants required to pay any share of taxes? Overall Vacancy Level ____________ (if requesting relief based upon vacancy, a vacancy affidavit must be filled out and submitted along with pictures of the vacant space and documentation demonstrating the attempts being made to lease the vacant space) yes no If yes, __________% and $_________ What portion if any of the property is subject to a non-arms length lease? ________________ Rental value of any owner occupied space ______________ Actual Income Actual Expenses (excluding property taxes, debt service and depreciation) 2009 __________________ 2010 __________________ 2011 __________________ 2012 __________________ __________________ __________________ __________________ __________________ *please note that income producing properties are required to submit 3 years of income and expense statements Suggested Capitalization Rate ____________ Tax Load ______________ Total _______________ Rev. 6/15/12 BOR # G 2 American LegalNet, Inc. www.FormsWorkFlow.com
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