Episode Summary:

In this informative episode, host Abigail Vaca and property tax attorney Nora Devine discuss vacancy relief for Illinois property owners. Nora explains what vacancy relief is, who qualifies, common pitfalls, and best practices for property owners seeking this tax break. The episode covers important insights about the application process, documentation requirements, and strategic considerations for property owners dealing with vacant properties.

Key Timestamps:

00:00 - Introduction

00:33 - What is vacancy relief and its intended purpose

02:39 - Types of properties that qualify for vacancy relief

05:43 - Initial steps for property owners seeking vacancy relief

07:06 - Filing requirements and administrative considerations

08:16 - Common reasons for application denials

09:31 - Misconceptions about vacancy relief

11:16 - Effective strategies for property owners

About the Show:

Devine Intervention features Nora Devine, a property tax attorney with extensive experience since 2005, offering expert insights on Illinois property tax matters. The show provides valuable information for property owners, real estate professionals, and anyone interested in understanding Illinois property tax systems and relief programs.

Episode Summary:

In this informative episode, host Abigail Vaca and property tax attorney Nora Devine dive deep into the complex world of omitted assessments in Illinois property tax law. Nora explains how omitted assessments differ from regular property tax assessments, common scenarios leading to back taxes, and crucial legal defenses available to property owners.

Key Timestamps:

00:00 - Introduction

00:43 - Explanation of regular property tax assessments vs. omitted assessments

02:50 - Common scenarios leading to omitted assessments

05:52 - Legal defenses available for property owners

07:24 - Historical changes in omitted assessment laws

10:40 - Steps to challenge omitted assessments

12:22 - Property improvements and omitted assessments

13:47 - Important documentation for disputes

15:04 - Proactive steps for property owners

About the Show:

Devine Intervention features Nora Devine, a property tax attorney in private practice since 2005. With her statewide practice experience across all Illinois jurisdictions and property classes, Nora provides expert insights into navigating the complex world of Illinois property taxation.

In this episode of Devine Intervention, host Kevin Rosenquist sits down with property tax attorney Nora Devine to break down the Illinois commercial property tax appeal process. With nearly two decades of experience, Nora provides valuable insights on why commercial property owners should appeal, how to collect the right documentation, and what strategies can strengthen an appeal. They discuss the differences between Cook County and other Illinois jurisdictions, vacancy relief, market rents, and key factors considered by the Illinois Property Tax Appeal Board (PTAB).

If you're a commercial property owner in Illinois looking to lower your tax liability, this episode is a must-listen.

• 00:00 – Welcome to Divine Intervention: Shedding Light on Illinois Property Tax
• 00:06 – Introduction to Nora Divine, Illinois property tax attorney
• 00:34 – Why commercial property owners should always appeal in Cook County
• 01:05 – The push-pull between residential and commercial tax burdens
• 01:47 – How property tax assessments differ outside of Cook County
• 02:26 – Key documentation for a strong property tax appeal
• 04:44 – Choosing the right comparables (comps) for a property tax appeal
• 05:50 – The impact of high vacancy rates on tax assessments
• 06:50 – How to leverage income and expense data for an appeal
• 07:54 – The process of working with a property tax attorney
• 09:48 – Are there cases where an appeal is not worth pursuing?
• 11:53 – Key factors considered by the Illinois Property Tax Appeal Board (PTAB)
• 13:11 – How to demonstrate an arm’s-length sale in an appeal
• 15:48 – Closing remarks and how to connect with Nora Divine

Devine Intervention: Shedding Light on Illinois Property Tax is a podcast dedicated to helping property owners understand and navigate the complexities of Illinois property tax laws. Hosted by Kevin Rosenquist and featuring expert insights from attorney Nora Devine, the show provides practical guidance on property tax appeals, assessments, and legal strategies to minimize tax liabilities.