Thomas J. McNulty

Thomas J. McNulty

Litigation - Real Estate

5.0 (1 reviews)
Chicago, Illinois
49+ years experience
Neal, Gerber & Eisenberg LLP
Updated:

Contact Information

225 W. Randolph St., Suite 2800, Chicago, IL 60606-1976
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Bio

Tom is a litigator who represents property taxpayers throughout the country, ensuring their tax liabilities are secured at the lowest level allowable under the law. He represents clients spanning numerous industries, ranging in size and complexity from those with large, sophisticated real estate portfolios to those with just one building critical to their operations.Tom sets his clients’ expectations regarding measurable results in every property tax appeal. Before filing, he provides a detailed plan to each client describing the objectives of the appeal, all risks associated with the chosen strategy and a strong target for the resulting tax liability supported by the available evidence. This approach enables each client to ask important questions, add significant contributions to the strategy and ultimately make a well-informed business decision before proceeding. When the appeal is concluded, clients can easily compare the predicted outcome with the actual results.Having previously worked for the Cook County Attorney’s Office, he understands the need to use professional but aggressive tactics when litigating property tax matters and interacting effectively with municipalities and tax assessors. Convincing assessors that they made a mistake in calculating tax owed can be challenging, but Tom’s experience working on the other side helps him appreciate the complex factors being considered by opposing counsel in every appeal.Tom is a former Chair and member of the Executive Board of the Civic Federation of Chicago, a nonpartisan research organization that promotes efficiency in government. In addition, Tom served as president of the Chicago Low-Income Housing Trust Fund from its inception in 1989 until just recently, and currently serves as chair of its Allocations Committee. The Trust Fund oversees rental assistance programs that meet the permanent housing needs of Chicago’s poorest residents by giving grants to building owners and developers who agree to reduce rents to accommodate very low-income residents.He currently lectures at Chicago-Kent Law School on Illinois real estate tax issues as part of the Masters in Taxation program. He has also authored numerous articles regarding assessment ratio cases and the assessment and valuation of utility properties. In 2019, Tom received the Bernard L. Barnard Outstanding Technical Essay Award from the International Association of Assessing Officers (IAAO).Since 2010, Tom has been recognized as a leader in The Best Lawyers in America in “Litigation—Real Estate/Real Estate Law, Special Focus: Tax.” His peers also selected him for inclusion in the 2005- 2006 and 2013-2019 editions of Illinois Super Lawyer in “Tax: Business.” Tom is a litigator who represents property taxpayers throughout the country, ensuring their tax liabilities are secured at the lowest level allowable under the law. He represents clients spanning numerous industries, ranging in size and complexity from those with large, sophisticated real estate portfolios to those with just one building critical to their operations.Tom sets his clients’ expectations regarding measurable results in every property tax appeal. Before filing, he provides a detailed plan to each client describing the objectives of the appeal, all risks associated with the chosen strategy and a strong target for the resulting tax liability supported by the available evidence. This approach enables each client to ask important questions, add significant contributions to the strategy and ultimately make a well-informed business decision before proceeding. When the appeal is concluded, clients can easily compare the predicted outcome with the actual results.Having previously worked for the Cook County Attorney’s Office, he understands the need to use professional but aggressive tactics when litigating property tax matters and interacting effectively with municipalities and tax assessors. Convincing assessors that they made a mistake in calculating tax owed can be challenging, but Tom’s experience working on the other side helps him appreciate the complex factors being considered by opposing counsel in every appeal.Tom is a former Chair and member of the Executive Board of the Civic Federation of Chicago, a nonpartisan research organization that promotes efficiency in government. In addition, Tom served as president of the Chicago Low-Income Housing Trust Fund from its inception in 1989 until just recently, and currently serves as chair of its Allocations Committee. The Trust Fund oversees rental assistance programs that meet the permanent housing needs of Chicago’s poorest residents by giving grants to building owners and developers who agree to reduce rents to accommodate very low-income residents.He currently lectures at Chicago-Kent Law School on Illinois real estate tax issues as part of the Masters in Taxation program. He has also authored numerous articles regarding assessment ratio cases and the assessment and valuation of utility properties. In 2019, Tom received the Bernard L. Barnard Outstanding Technical Essay Award from the International Association of Assessing Officers (IAAO).Since 2010, Tom has been recognized as a leader in The Best Lawyers in America in “Litigation—Real Estate/Real Estate Law, Special Focus: Tax.” His peers also selected him for inclusion in the 2005- 2006 and 2013-2019 editions of Illinois Super Lawyer in “Tax: Business.” Tom is a litigator who represents property taxpayers throughout the country, ensuring their tax liabilities are secured at the lowest level allowable under the law. He represents clients spanning numerous industries, ranging in size and complexity from those with large, sophisticated real estate portfolios to those with just one building critical to their operations. Tom sets his clients’ expectations regarding measurable results in every property tax appeal. Before filing, he provides a detailed plan to each client describing the objectives of the appeal, all risks associated with the chosen strategy and a strong target for the resulting tax liability supported by the available evidence. This approach enables each client to ask important questions, add significant contributions to the strategy and ultimately make a well-informed business decision before proceeding. When the appeal is concluded, clients can easily compare the predicted outcome with the actual results. Having previously worked for the Cook County Attorney’s Office, he understands the need to use professional but aggressive tactics when litigating property tax matters and interacting effectively with municipalities and tax assessors. Convincing assessors that they made a mistake in calculating tax owed can be challenging, but Tom’s experience working on the other side helps him appreciate the complex factors being considered by opposing counsel in every appeal. Tom is a former Chair and member of the Executive Board of the Civic Federation of Chicago, a nonpartisan research organization that promotes efficiency in government. In addition, Tom served as president of the Chicago Low-Income Housing Trust Fund from its inception in 1989 until just recently, and currently serves as chair of its Allocations Committee. The Trust Fund oversees rental assistance programs that meet the permanent housing needs of Chicago’s poorest residents by giving grants to building owners and developers who agree to reduce rents to accommodate very low-income residents. He currently lectures at Chicago-Kent Law School on Illinois real estate tax issues as part of the Masters in Taxation program. He has also authored numerous articles regarding assessment ratio cases and the assessment and valuation of utility properties. In 2019, Tom received the Bernard L. Barnard Outstanding Technical Essay Award from the International Association of Assessing Officers (IAAO). Since 2010, Tom has been recognized as a leader in The Best Lawyers in America in “Litigation—Real Estate/Real Estate Law, Special Focus: Tax.” His peers also selected him for inclusion in the 2005- 2006 and 2013-2019 editions of Illinois Super Lawyer in “Tax: Business.”

Practice Areas

Litigation - Real Estate

Awards & Recognition

  • Recognized: Litigation - Real Estate
  • Recognized: Real Estate Law
  • Practice Area: Litigation and Controversy - Tax
  • Practice Area: Tax Law
  • Special Focus: Property Tax
  • Special Focus: Tax

Recognized in Best Lawyers since 2010

Education

  • Rutgers University–Camden, J.D., graduated 1976
  • University of Notre Dame, B.S., graduated 1973

Reviews

B

Barbara Ramirez

2 weeks ago

Unmatched expertise in property tax litigation

After our company faced a significant property tax reassessment on a multi-state portfolio, we turned to Tom McNulty. His nearly five decades of focused experience in this niche area were immediately evident. He guided us through the complex litigation process with a steady hand, securing a favorable settlement that was well below the initial assessment. His deep knowledge, recognized by industry peers, and his strategic approach at Neal, Gerber & Eisenberg were invaluable. We have the utmost confidence in his counsel.

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