Toni Preckwinkle is tired of the bickering over how Cook County values commercial properties for tax purposes. She's hoping a new set of recommendations will fix the problem. The Cook County Board ...
Cook County Board President Toni Preckwinkle has uncovered significant flaws in the property tax assessment system for commercial properties that found they’re consistently undervalued, through a ...
An unprecedented look at Cook County’s valuation of offices, warehouses and big apartments found that in the suburbs the values of those commercial buildings have been set too low, that there is ...
Illinois’ current property tax assessment system dates back to the year Apollo 13 launched and the Beatles broke up. Cook County officials say it's finally time for the 55-year-old framework to get an ...
Over the past two weeks, Chicagoland Chamber of Commerce CEO Jack Lavin and Cook County Assessor Fritz Kaegi have published dueling opinion pieces debating commercial assessments. "Property owners ...
It’s a common critique that commercial property owners want to undervalue their properties when it’s time to pay their taxes and overvalue them when it’s time to sell. A study from Cook County Tax ...
The next installments of Cook County property tax bills are due on Wednesday. Fox Chicago wanted to provide a fairly basic explainer of why paying property taxes is even a thing. Property taxes are an ...