J. Chie, Esquire

Our law firm provides legal work for real estate closings for over 30 years… What distinguishes Chicago Commercial Appraisal Group from other appraisers is the level of thoroughness and details.

A. Raila, Senior Tax Analyst

Gary is a hands-on professional always willing to pick up the phone and work with you... His appraisal firm produces one of the best real estate forecasting reports in the state. I highly recommend his work and his opinion is highly recognized by governmental agencies.

J. Norris, Property Tax Attorney

As an attorney, we deal with many appraisal reports used in tax appraisals. Gary's work has proven successful for our clients and I do not hesitate recommending him for tax assessment appeal appraisals.

C. Noone, property owner

I needed an appraisal for settling an estate. Mr. Peterson was very professional, punctual and helpful with the process. I received my report ina timely manner. I would certainly recommend this company, as well as use their services in the future.

J. Tsiaousis

Gary is one of the top commercial appraisers in Chicago. Every time I have a client in need of a commercial appraiser I refer all work to him without hesitation.

Chicago Estate Property Appraiser

Estate taxes can cause much anxiety for families seeking to pass on assets they worked so hard to create. We empathize with families hoping to create a better future for their children or relatives. Our property appraisals can support the case for a fair valuation, to help you pass on family assets to the next generation.

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Chicago Estate Appraiser

Upon death, or for estate planning purposes, it is necessary to value the decedent’s inherited assets, including real estate. At Chicago Commercial Appraisal Group our Estate Tax Appraisers estimate the market value of the real estate which helps determine how much of an estate tax, if any, is owed to the IRS. These Estate Valuations are also used to establish a stepped-up basis for the decedents assets for the person’s heirs. Chicago Commercial Appraisal Group can estimate fractional interests (also known as Partial Interest Appraisals) and their impact on property value for the estate.

Chicago Date of Death Real Estate Appraisal

In Chicago, Estate Tax Appraisals are sometimes also called Date of Death Appraisals as the decedent’s date of death marks the relevant point in time when the value is needed. These are considered retrospective appraisals as we need to estimate the property’s historical value based upon data available at the time of death. In some cases, the Date of Death Valuation might be different from the actual date of death. We recommend consulting with knowledgeable accounting or legal counsel to determine your exact appraisal needs.

Chicago Estate Appraiser Qualifications

The IRS requires well supported Estate Tax Valuations. All of our Estate Tax Appraisers at Chicago Commercial Appraisal Group are State Certified or Licensed Appraisers. One of our MAI Designated Appraisers also reviews all work we perform to ensure the highest quality Date of Death Appraisals. All of our Estate Appraisals conform to the Uniform Standards of Professional Appraisal Practices (USPAP).

Chicago Commercial Appraisal Group specializes in Commercial Real Property Appraisal in the Chicago Metropolitan Area. We are not home appraisers that occasionally attempt to appraise a commercial property. Our extensive appraisal experience in a broad class of Chicago area commercial properties (including fractional interest appraisals) for Estate Valuation purposes can help insure a fair valuation to protect your family’s assets.