Has your income generating property lost value due to COVID-19?

Do you think your commercial income generating property has lost value as a result of COVID-19? If so, a unique opportunity exists until September 2nd to file a complaint against the property value specifically identifying how the property has been impacted by COVD-19. Senate Bill 57, which passed earlier this year, gives property owners a rare additional opportunity to challenge their property value based upon the impact from the pandemic. A complaint will need to be filed with the County Board of Revision on or before September 2nd identifying the owner’s opinion of value for the property as of October 1, 2020, and supporting their claim for a reduction in value.
If you think you have a commercial income generating property that can demonstrate impact as a result of the pandemic, please don’t hesitate to contact Mike Sandner at Pickrel, Schaeffer & Ebeling at 937.223.1130 or msandner@pselaw.com.