Elizabeth L. Gracie

Elizabeth L. Gracie


“We’ve tracked the details of the assessment of every property in Chicago’s central business district for more than 20 years, which helps us understand the evolving real estate market and the assessment practices that determine taxable market value.”

Elizabeth L. Gracie

Elizabeth L. Gracie represents the developers, owners and managers of office, retail and hotel properties in property taxation matters. She has made a study of the Chicago real estate market; her “spreadsheet mind” is always looking for trends and relationships to inform assessment protests and projections.

Liz appreciates historic landmarks and welcomes opportunities to participate in their renovation via application for the Class L property tax incentive. Liz is also passionate in her representation of not-for-profit organizations in property tax exemption matters.

Her approach to each client engagement begins with understanding the client’s unique circumstances. She enjoys collaborating with each client to develop a strategy and to document each case with compelling evidence.

“Each of us brings a strong work ethic and intellectual curiosity to every engagement. We value integrity and fairness in all of our relationships.”


Sargent Shriver National Center on Poverty Law, Legacy Initiative Cabinet, Past Board Chair

University of Wisconsin Law School, Board of Visitors

Member of:

Illinois State Bar Association

Institute of Professionals in Taxation

International Association of Assessing Officers

bar admissions

Illinois Supreme Court, 1983

State Bar of Wisconsin, 1983

U.S. District Court for the Northern District of Illinois, 1983


University of Wisconsin School of Law, J.D., 1983

University of Wisconsin Honors Program, B.A., 1980