Tax Reassessment - Champaign County, IL
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