How the Pandemic Transformed the Luxury Real Estate Market

Episode Summary:

In this informative episode, host Abigail Vaca and property tax attorney Nora Devine discuss vacancy relief for Illinois property owners. Nora explains what vacancy relief is, who qualifies, common pitfalls, and best practices for property owners seeking this tax break. The episode covers important insights about the application process, documentation requirements, and strategic considerations for property owners dealing with vacant properties.

 

Key Timestamps:

00:00 - Introduction

00:33 - What is vacancy relief and its intended purpose

02:39 - Types of properties that qualify for vacancy relief

05:43 - Initial steps for property owners seeking vacancy relief

07:06 - Filing requirements and administrative considerations

08:16 - Common reasons for application denials

09:31 - Misconceptions about vacancy relief

11:16 - Effective strategies for property owners

 

About the Show:

Devine Intervention features Nora Devine, a property tax attorney with extensive experience since 2005, offering expert insights on Illinois property tax matters. The show provides valuable information for property owners, real estate professionals, and anyone interested in understanding Illinois property tax systems and relief programs.