(773) 763-6750

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 and 48.6% in 2015.

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. The actual number of funeral homes has declined slightly from 21,107 in 2000 to 19,860 in 2012 and 19,391 in 2015.

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 Appraisal

Much 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.



Please click here for our recent article on changes in Funeral Home Property Valuation.


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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.