Property assessments, calculated every three years for tax purposes, are on the rise in the Homewood-Flossmoor area. For some residents, higher property assessments may be a reason to grumble. After all, an increased assessment might point toward higher property taxes. But government officials, on both the county and local level, say otherwise. For them, higher property assessments reflect higher market prices for homes and are a positive sign that the local economy is improving.
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