The Cook County Assessor’s Office will offer virtual events in both English and Spanish over the next month to help homeowners learn about property tax exemptions. Exemptions are savings that contribute to lowering a homeowner’s property tax bill. Sessions will be held the following dates and times: Exemptions applications for[Read More…]
Tag: Cook County Assessor’s Office
New analysis finds commercial property appeals often underestimate market value
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[Read More…]
New database shows property details, real estate sales
The Cook County Assessor’s Office released a new database that shows a greater level of detail than in the past for each property located in Cook County. A property owner can visit the assessor’s website, enter their property index number (PIN) or address, and obtain information such as the estimated[Read More…]
Cook County Assessor’s Office working remotely, some services suspended in COVID-19 precautions
The Cook County Assessor’s Office announced Thursday, March 19, the temporary suspension of assessment notice mailings and appeal deadlines. This suspension will remain in place until further notice while the office remains closed to the public.
Properties in the South Suburbs being reassessed this year
This is the year properties in the South Suburbs will be reassessed and Cook County Assessor Fritz Kaegi promises a fair examination of both residential and commercial properties. “The key thing to remember is every community is different. We know south suburban conditions can be very different from north suburbs.[Read More…]
Hutchinson teaming with assessor on reforms to property tax system
With property tax bills continuing to climb, Sen. Toi Hutchinson (D-Chicago Heights) is working with newly elected Cook County Assessor Fritz Kaegi on a set of reforms to Illinois’ antiquated property tax system. Hutchinson introduced Senate Bill 1379, a comprehensive set of reforms to Cook County’s property tax system. It[Read More…]
Three changes to property tax exemptions approved by the Illinois legislature
A bill that would increase Homeowner Exemption and Senior Citizen and Senior Freeze Exemption tax relief measures is nearing the finish line to get Gov. Bruce Rauner’s signature. The measure, SB473, started in the Illinois Senate with co-sponsor Sen. Toi Hutchinson (D-Olympia Fields). It passed 54-0 on May 4 and[Read More…]