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Commercial Property Owner Outreach

Members of the commercial real estate community are important part of the constituency we serve.
Making sure that we provide an understanding of how our practices affect them, and showing our
numbers so that the process is predictable, is vital to our local economy. To that end, we
conducted targeted outreach to this community to explain our models and data sources in
accordance with industry practices.

This also advanced our goal of collecting better data to make the system fairer and allowed us to
encourage commercial owners to use the Real Property Income and Expense (RPIE) online tool
to submit income and expense data that inform our property valuations.

Market Analyst Day

On December 11, 2019, we partnered
with the City of Chicago to host the
first Market Analyst Day. In front of a
packed house of real estate market
participants, we presented tools,
data, and information for building
owners, commercial real estate
analysts, and market underwriters
who invest in City of Chicago and
Cook County real estate.

Some of the areas covered included:

• Details on Chicago’s finances
• An outline of the Cook County
property tax system
• Background on the
commercial property market:
valuation, data, &
methodology
• Release of the Property Tax
Simulator Tool

For more on this event and links to the presentations, visit the Market Analyst Day 2019 section of
our website.

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