Vacancy Relief 101: A Lifeline for Property Owners

from Devine Intervention: Shedding Light on Illinois Property Tax · host devininterventionwithnoradevine

Episode Summary: In this informative episode, property tax attorney Nora Devine discusses preferential assessments in Illinois and how they can lead to significant property tax savings. She explains various types of preferential assessments, including farmland, open space, and developer's relief, along with their qualification criteria and application processes. Key Timestamps: 00:00 - Introduction 00:33 - Definition of preferential assessments 01:25 - Farmland assessments and FATAB 03:57 - Corporate campus examples and open space assessments 06:26 - Financial benefits and real-world examples 09:56 - Application process 10:26 - Conservation stewardship plans 12:41 - Common denial reasons 14:12 - Maintaining preferential assessment status About the Show: Devine Intervention: Shedding Light on Illinois Property Tax features Nora Devine, a property tax attorney in private practice since 2005. With her statewide practice experience across all Illinois jurisdictions and property classes, she provides expert insights into property tax matters. Hosted by Kevin Rosenquist.

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This episode is 15 minutes long.

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This episode was published on July 14, 2025.

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