Property Tax Reduction Blog

Batavia Township Property Values Rose 10% in 2024.

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Batavia Township, Kane County homes witnessed a moderate in 2024 as each value range grew. The residential property market in Batavia Township increased by 10.9%, from $4 billion in 2023 to $4.4 billion in 2024. Properties priced between $250k and $500k, as well as $500k and $750k, had the greatest 11% gain in value. Property prices ranging from $1 million to $1.5 million climbed significantly by 10.8%. The value of commercial property in Batavia Township saw a modest increase in percentage of 10.5% by 2024. Commercial properties in the timeframe of 2023 to 2024 experienced a range of value increases, from 7% to 11%. A modest 8.2% increase was observed in properties priced below $250k. The growth rate for commercial property owners with properties valued between $1 million and $1.5 million was 9.8%. There was an 8.6% increase in the value of properties priced between $750k and $1 million. According to the graphs,... Read More

Cook County Township Palos Commercial Property Owners Face Surge of 8% in Average Value, Residential Values Face Minimal Change of 0.5%

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Property owners in Palos Township, Cook County, experience an annual rise in their residential property market values. The residential property market in Palos Township experienced a modest increase of 0.5% from $6.1 billion in 2023 to $6.2 billion in 2024. The properties in the $1.5 million or higher value range experienced the most substantial value increase of 3.24%. The most substantial increases were observed in residences of higher value, while a relatively modest increase was observed in residences of lesser value. For instance, the value of residences valued at $250k or less increased by 0.04%. Properties valued between $750k and $1 million experienced a 3.56% increase. In contrast to residential properties, commercial properties in Palos Township have strikingly greater increases in value. Commercial values experienced a substantial increase of 8.0% for 2024. Palos township commercial property exceeding $1.5 million in 2024 find average assessment up 13.5%. Commercial property owners who own... Read More

Proviso Township Residential Values increased by 0.1%, while Commercial Values had a higher value increase by 4.3%. 

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Property owners in Cook County experience an annual increase in their residential property values. Residential property in Proviso Township had a slight increase of 0.1% that shows the growth from $11.74 billion in 2023 to $11.75 billion in 2024. The houses with the most significant value increase of 7.7% had a value range of more than $1.5 million. Higher value homes had the greatest increases, for example, homes ranging between $1 million to $1.5 million had an increase of 0.35% Commercial property in Proviso Township experienced a substantial increase in value in accounts, in contrast to residential properties. Commercial values showed a remarkable increase of 4.3% by 2024. The value of commercial property in Proviso Township of Cook County exceeded $1.5 million, with an average assessment of 6.2% in 2024. The second highest increase of 2.3% was experienced by owners of commercial properties valued between $1 million and $1.5 million. The... Read More

Commercial Values in Oak Park Township Experienced an Astounding Rise of 17.3%, Residential Values Sustain Minimal Increase of 0.4%.

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The residential property market values of property proprietors in Oak Park Township, Cook County, experience an annual increase in market value. From $6.62 billion in 2023 to $6.64 billion in 2024, the residential property market in Oak Park Township experienced a slight increase of 0.4%. The properties with the most significant value increase of 4.18% were in the $1.5 million or higher value range. A comparatively modest increase was observed in residences of lesser value, while the most significant increases were observed in residences of higher value. For example, the value of residences valued at $250k or less increased by 0.02%. A 0.36% increase was observed for properties valued between $500k and $750k. Commercial properties in Oak Park Township have encountered a substantial increase in value in accounts, in contrast to residential properties. By 2024, commercial values experienced a large increase of 17.3%. In 2024, the total value of commercial property... Read More

Commercial Values in New Trier Township Experienced Extraordinary Rise of 9.4%, Home Values See a Modest Increase of 1.3%.

New Trier 2024 Property Tax
The residential property market values of property owners in New Trier Township, Cook County can increase annually. In 2024, the residential property market value in New Trier Township saw a slight increase of 1.3%, increasing from $19.7 billion in 2023 to $19.9 billion. The properties with the most substantial value increase of 3.2% were within the $1.5 million or higher value range. The most significant increases were observed in residences of higher value, while those of lower value experienced a relatively modest increase or even slight decreases. For instance, the value of residences between $250k and $500k experienced a decline of 0.1%. In contrast to residential properties, commercial properties in New Trier Township have experienced a substantial increase in value in accounts. Commercial values encountered an extraordinary 9.4% increase by 2024. The average assessment of commercial property in New Trier Township of Cook County was 13.6% in 2024, and the property’s... Read More