Property Tax Presentation for Citibank

Office Portfolio

CBD Chicago, Illinois

Initial Market Value:


Final Market Value:


Tax Savings:


During the Cook County triennial reassessment, the subject properties’ assessed values increased a combined 57 percent from the prior year. In addition, the properties had been recently acquired for an aggregate purchase price of $285,750,000. We argued that the sales prices did not accurately represent the true fee-simple value and secured a reduction of $104,195,692 in assessed market value.

Cushman & Wakefield | Citibank


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