Cook County Assessor raised the market value of 103 N Laramie Avenue, Chicago by 1,642% increase in just one year! This is for a duplex in West Chicago Township. The total market value was raised to $310,000 in 2024 from $17.800 in 2023. The assessed value rose from $1,780 in 2023 to $31,000 in 2024. … Read more
Property Tax Reduction Blog
How is Property Valued in Cook County?
In Illinois, every county and township has its own regulations. In Cook County, residential properties are evaluated as of January 1st of the current year, utilizing three to five years of prior market sales data. This enhances the stability of market value estimates by employing multiple years. It is important to use prior market sales … Read more
Stickney Township Residential Values On Average Unchanged, Commercial Values climbed by 4%
Residential Assessment Surges Property owners in Cook County typically anticipate an annual increase in property values. In 2024, the combined residential property value in Stickney Township, Cook County, Illinois was just over $3 billion . . A 7% increase was observed among residential property owners with residences valued between $500k and $750k, but otherwise property … Read more
Palatine Township Residential Values Step Up by 2%, Commercial Values Inflate by 24%.
Residential Assessment Surges Property owners in Cook County usually expect property values to grow annually. Residential property in Palatine Township Cook County, Illinois had a 1% increase, meaning the value in 2024 amounted to $12 million. Owners of property valued under $750K can breathe a sigh of relief with their values holding steady. Assessment increases are … Read more
Barrington Township Homeowners See Assessments Tick Up by 2% While Commercial Property Owners Find Values Fly Upward 24%.
Residential Assessment Surges The rise of property values in Cook County is not a surprise for residential property owners. Residential property in Barrington Township had a 2% increase showing the rise from $4 billion in 2023 to $4.1 billion to 2024. The highest and lowest-value houses get the biggest assessment increases. Residential property owners of … Read more