Posts Tagged Cook County property tax assessment

Cook County has become the center of interest across the country for those that are interested in property taxes. Cook County boasts some of the highest property taxes in the country, while also being beholden to a series of arcane rules that are difficult to come to grasp with. From the confusing equalization factor to … Read more

Residential Assessment Practically Unchanged The residential property values of property owners in Maine Township, Cook County, experienced a negligible increase between 2023 and 2024. The value of the residential property market in Maine Township increased by 0.5% in 2024, from $15.6 billion in 2023 to $15.7 billion. Higher market value properties had the highest increase … Read more

The 2023 property tax assessment hikes have increased for a number of different property types in Cicero Township. Industrial, institutional & special buildings, retail, service, food/beverages, and commercial are the top six categories that have risen. More than $795.5 million worth of property taxes were assessed for 2023, including $219 million for industrial structures, $52 … Read more

Chicago property tax assessments are skyrocketing for homeowners, with some seeing increases over 100%.  For the fourteen Cook County townships reviewed, residential property tax assessments increased most in Calumet, a whopping 54.5%.  The townships reviewed include Barrington, Berwyn, Calumet, Hanover, Oak Park, River Forest, Riverside, Rogers Park, Lemont, New Trier, Orland, and Schaumburg.  Six of … Read more

Cook County’s 2023 reassessment places over 60% of the increases in market value on homeowners with 38% on commercial property. The total assessment for 15 townships reviewed increased from $30.6 billion to $35.9 billion, a 17.3% increase. Home values were increased $3.3 billion (13.8%) while commercial property values were increased by $2.0 billion (30.6%). The … Read more