Value of Commercial Real Estate Includes Right to Use Parking on Separate Parcel

Business Valuation Update BVLaw
Legal and Court Case Update
March 10, 1999

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5411 Grocery Stores
445110 Supermarkets and Other Grocery Retailers (except Convenience Retailers)
state taxation (incl. ad valorem)
County of Du Page v. Property Tax Appeal Board
No. 2-98-0283 (Ill. App. 2 Dist. 1999)
US
State Court
Illinois
Court of Appeals
Michael Kelly <br> Michael MaRous <br>
Geiger

Summary

The Illinois Court of Appeals reversed the lower court's decision to reduce the fair cash value of commercial property by the value of the property's right to use a parking lot on an adjacent property.

See Also

County of Du Page v. Property Tax Appeal Board

Full Text of Court Cases
March 10, 1999

The Illinois Court of Appeals reversed the lower court's decision to reduce the fair cash value of commercial property by the value of the property's right to use a parking lot on an adjacent property. The appellate court found that the reduction was imp ...