Wolf Point lot valuation

Before 2012: $13.5 million

Initial valuation, 2012: $23.5 million

After appeal, 2012: $6.2 million

Property tax, 2011

$548,978

Estimated property tax from initial

valuation, 2012

> $1 million

Property tax after appeal, 2012

$279,333

Estimated tax benefit, 2012 and 2013

$1.5 million

Data: Cook County Assessor’s Office