Question: The property assessment from the county appears to be high for properties in our condominium association what can the board of directors or the homeowners do to fight the high assessment?

Answer: The board can file an appeal for the whole association per the Illinois Condominium Act (see below).  Actually an appeal by an association is generally more effective cost wise and in results compared to an individual homeowner. As an association more resources are available on a discounted price per unit with professional appraisers and attorneys less expensive due to the bulk pricing.  An association can also see if it is worthwhile by having some sample units appraised to determine if the project is feasible.

Section 10 Separate Taxation

(c) Upon authorization by a two-thirds vote of the members of the board of managers or by the affirmative vote of not less than a majority of the unit owners at a meeting duly called for such purpose, or upon such greater vote as may be required by the declaration or bylaws, the board of managers acting on behalf of all unit owners shall have the power to seek relief from or in connection with the assessment or levy of any such taxes, special assessments or charges, and to charge and collect all expenses incurred in connection therewith as common expenses.

Contributed by Mark O’Brien of Iacconi and Associates.