Every three years, property in Illinois is reassessed by the County Assessor. In DuPage County, property is assessed at 30% of market value. In Cook County, Residential property is assessed at 10% of market value while commercial property is assessed at 25%. If a building is mixed-use with a residential component and has one owner and PIN, it is assessed at the residential rate.
On June 18th, 2020, the Village hosted a virtual town hall with Cook County Assessor Fritz Keigi. You can watch that town hall on the Village’s YouTube Channel.
For more information, contact the assessor for the county where your property is located. You may also wish to reach out to the Township Assessor for appeals help. If you don’t know which county or towhsip to contact, try our Property Search tool!