The owner of the 3-unit triplex at 1633 S Avers Avenue (Chicago IL 60623) saw their Cook County property tax assessment increase 2,080% between 2023 and 2024. This is not a typo. The Cook County Assessor increased their opinion of the value of this property from $16,050 ($5,350/unit) to $350,000 ($116,667/unit). How can the value of a 3-unit rental property increase from $5,350 per unit to $116,667 per unit in one year? The first reaction when seeing such a massive increase is that the owner must have added a building or completely remodeled the property. Alternatively, perhaps the property sold recently, and the assessor realized the sales price was much higher than the assessor’s estimate of market value. But these do not appear to apply to 1633 S Avers. The Cook County Assessor reports no recent sale and no remodeling for this 109-year-old residential property. The 2024 total market value... Read More

The Cook County Assessor raised the market value of 626 N Long Avenue, Chicago by 2,797% in just one year! This is for a duplex in West Chicago Township. Read More

The residential market values of property owners in Kaneville Township, Kane County, saw a substantial increase of 7.3% from $158 million in 2023 to $170 million in 2024. The most considerable value increase of 13.1% was observed in properties with a value range of $750k to $1 million. Values increased in a comparable manner across various value ranges. For example, the value of residences priced between $250k and $500k increased by 7.4%. A 7.2% increase was observed in the value of properties that were valued at more than $1.5 million. Similarly, commercial property in Kaneville Township had roughly identical value increases by value range in 2024. Commercial values had increased significantly by 7.2%. Every commercial value category witnessed an average rise of 7%. Properties priced between $750k and $1 million, $1 million to $1.5 million, and more over $1.5 million all saw a 7.3% gain. Commercial property owners with properties valued between... Read More

The market value of residential property owners in Campton Township, Kane County saw a substantial rise of 14.9% from $2 billion in 2023 to $3 billion in 2024. The most considerable value increase of 18.5% was observed in properties with a value range greater than $250k. Across the board, each value range experienced significant growth. The value of residences priced between $250k and $500k increased by 15.5%. For property ranging from $1 million to $1.5 million had an increase of 14.1%. A 13.5% increase was observed in the value of properties that were valued at more than $1.5 million. Commercial property in Campton Township had lower increase percentages in 2024 when compared with homes; however, owners also experienced a sufficient growth in property. By 2024, commercial values had increased significantly by 14.9%. Most commercial values had an average of 10% or greater in increase between 2023 and 2024. Properties priced between... Read More

The residential property market values of taxpayers in Burlington Township, Kane County, experience a modest growth each year. The residential property market in Burlington Township saw a growth of 8% from $274 million in 2023 to $296 million in 2024. Significant growth was observed in each value range for 2024. The properties with a value range of $750k to $1 million experienced the most significant value increase of 9.6%. Property values above $1.5 million increased by 8.5%. Properties valued between $1 million and $1.5 million saw an 8.6% gain. In 2024, the value of commercial property in Burlington Township experienced an increase close to the same percentage as residential property. Commercial values rose by 8%. Between 2023 and 2024, the majority of commercial values experienced an average increase of 8% or less. Properties priced less than $250k saw a gain of 7.5%. The growth rate for commercial property owners with properties valued... Read More