Chicago Funeral Home Property Appraiser
The funeral home market has traditionally been a relative stable business. Since the 1970's, however, the business has faced more competitive factors. Low profit margin cremations reflected 4.59% of the market in 1970 versus 40.62% in 2010 with estimates as high as 63.5% by 2025. Increasingly, consumers are opting for home funerals and cremations because of their increased simplicity and decreased cost. According to the National Funeral Directors Association, burial is at least 40% more expensive than cremation.
While aging boomers are now starting to retire in big numbers, they won't become customers until they start dying. The average death ratio is 8.3 deaths per 1,000 people in 2010-2016. This ratio is expected to stay relatively stable all the way until 2040-50 when the ratio climbs to 9.7 to 1,000. Over the next five years to 2025, the industry is anticipated to grow marginally with revenue projected to increase at an annualized rate of only 0.3% to $15.9 billion.Chicago Funeral Home Real Estate Appraisal
Chicago Commercial Appraisal Group has completed numerous Chicago area funeral home appraisals over the past 20 years. All of our Funeral Home Property Appraisers are licensed or Certified by the State of Illinois. All Funeral Home Real Estate Appraisers are reviewed by on of our MAI Designated Appraisers. We have extensive experience in Chicago area Funeral Home Property Valuations for Bank Financing, Estate Purposes and Funeral Home Property Tax Appeal purposes.Chicago Funeral Home Tax AppraisalMuch of Chicago Commercial Appraisal Groups work is in the area of Real Estate Tax Appraisal. Property Tax rates vary substantially throughout the Chicago market and have a profound impact on Funeral Home Property values. The south suburban Chicago area is being reassessed in 2017.This area has some of the highest property taxes in the Chicago metropolitan area (and the country). These high property taxes result in sharply reduced property values. It is critical that the Funeral Home Property Assessments only reflect real estate values and not the business. Our Funeral Home Appraisers are well versed in Property Tax Appraisal issues. For a quality Funeral Home Appraisal, please call Chicago Commercial Appraisal Group at (773)763-6750.
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