Spotlight On Directors

Larry Labus
Real Estate Tax Assessment Advisors

Larry has lived in the Burr Ridge area for 40 years. He is past president of the chamber and currently serves as a director.

Property Tax Reduction, Inc. and Real Estate Tax Assessment Advisors are companies that Larry founded. Along with his daughter Marie Kanofsky, they run the operations. Specializing in achieving fair property tax valuation and assessment for commercial and residential property owners and clients.

Property assessments are often inaccurate. Assessments may be incorrect and costly for a variety of reasons. Some reasons are: file errors, lack of uniformity, market depreciation, market sales, more efficient methods of new construction, assessing office errors, disrepair, environmental contaminants, unusual depreciation resulting from calamities, remodeling and rehabs and factual errors.

With commercial and industrial property the list can get longer; incorrect forecasts of rents and expenses, declines in rental income, unusual depreciation, functional obsolescence, excess land, ground contamination, income and expense of operating the property, vacancy and other possibilities.

If you would like to have the fairest and lowest property tax assessment - please call Larry or Marie.