Cook County Assessor Fritz Kaegi has announced the formula his office will be using to reassess properties in Homewood and Flossmoor as part of the tri-annual reassessment process.
Due to the COVID-19 pandemic, Kaegi said he is taking into account the record unemployment and market effects on the communities when setting assessments downward.
The executive summary to his 16-page report follows. The full report can be found Receive a 3-day free trial of unlimited digital access.