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Updated about 6 years ago, 10/11/2018

User Stats

13
Posts
3
Votes
Michael Burke
  • Real Estate Broker
  • Cincinnati, OH
3
Votes |
13
Posts

Tax Reassessment - Champaign County, IL

Michael Burke
  • Real Estate Broker
  • Cincinnati, OH
Posted

Hi - I'm evaluating a property for purchase in the City of Champaign, IL (Champaign County). The county falls within District 4 and so there's a reassessment scheduled for 2019. I previously spoke with the assessor who said they would utilize the sales approach in conjunction with a program called Marshall & Swift (cost approach) for commercial valuation. I'm curious if anyone on here has experience with tax reassessment in Illinois, specifically Champaign County. There should be a pretty significant difference in reassessed taxes if they're using a sales vs. cost approach, and it would be great if anyone can provide some insight.

Thanks!

Michael

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