A new analysis from the Cook County Assessor’s Office (CCAO) finds that evidence submitted in commercial property appeals often underestimates sale prices, suggesting that the estimates of some appraisal firms do not match market conditions.
The primary duty of the CCAO is to assess the fair market value of property in Cook County. Each year, property owners can appeal these values with the CCAO. As part of this process, commercial property owners frequently contract with…
