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North Suburban Reassessment Report: Contents

Section 1: A New Vision………………………………………………………………………1

Letter from Assessor Fritz Kaegi ........................................................................................... 1
The Cook County Assessor’s Office’s 2019 Accomplishments ............................................. 3

Section 2: The Assessor’s Role in the Property Tax System ........ 5

Role of the Assessor’s Office ................................................................................................ 6

Your Home’s Assessed Value: How the Assessor Follows the Market ................................. 9
Measuring Fairness in Assessments ................................................................................... 14

Commercial Property Valuation ........................................................................................... 17
Section 3: Your Property Tax Bill ................................................ 23

Property Types and Levels of Assessment ......................................................................... 24
How Property Tax Bills Are Calculated ................................................................................ 25
2019 Tax Rate Analysis ....................................................................................................... 30
2019 Tax Rate Scenario ...................................................................................................... 31

Section 4: North Suburb Reassessment Data ............................. 34

2019 Cook County At-A-Glance .......................................................................................... 35

Share of the Pie: Distributions of Assessed Value .............................................................. 36
Your Township, By the Numbers ......................................................................................... 38
Section 5: Your Assessor’s Office At Work ................................. 52

Exemptions for Homeowners .............................................................................................. 53

Incentives for Commercial Property Owners & Developers ................................................ 57
Outreach and Events with Property Owners throughout Cook County ............................... 58
CCAO Departments and Roles ........................................................................................... 61

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