Commercial REALTORS®: Be on the Lookout for Letters from Assessor Kaegi | Chicago Association of REALTORS®

You or your clients may have received a letter from Assessor Fritz Kaegi’s office regarding information about the Real Property Income and Expense (RPIE) online tool. The letter is seeking data regarding a building’s income, expenses and vacancies. This information is NOT mandatory for owners.

It is recommended that you or your client consult with a tax attorney prior to submitting the information. It is unclear how the data will impact owners if there are errors submitted on the form or how the information will be used in possible future property tax appeals.

Learn more about commercial assessments via our issue summary.