CASE STUDY
FOCUS: Property Tax Assessment

HUNDREDS OF THOUSANDS OF TAX DOLLARS SAVED FOR CENTRAL ILLINOIS BANK

CHALLENGE:
A locally owned, central Illinois bank with over 50 branch facilities and ATMs statewide sought to reduce their property tax burden; however, bank officials faced the difficulty of navigating the appeal system where deadlines for filing appeals and practice rules vary county by county.

OUR STRATEGY:
GCT attorneys were able to assist the bank by initiating a comprehensive approach that included: reviewing each property’s assessment history; performing an in-depth marketplace analysis of the banking industry in each designated region of the state; and, where appropriate, filing appeals with local assessment officials and submitting credible evidence to demonstrate that the select locations were overvalued.

RESULTS:
Assessment reductions were won in Bureau, Champaign, LaSalle, Kendall, McLean, Sangamon, Tazewell, Will and Woodford counties.