 COVID-19 Adjustments to Property Values
After the Cook County Assessor’s Office (Assessor's Office) began the 2020 reassessment of the south and west suburbs, the COVID-19 pandemic led to substantial economic, social, and market changes that can have corresponding effects on property values.
To account for the pandemic’s impact, the Assessor’s Office determined that it was appropriate to apply COVID-19 Adjustments to property values in 2020, where applicable. The extent of these adjustments will depend on each property’s use, type, and location. No action is required by property owners to receive this adjustment. Read full report by clicking the button below.
 Tax Year 2020 Vacancy Requests In Assessment
The Assessor’s Office has a statutory duty to assess properties at market value (or “fair cash value,” so other governmental agencies can determine appropriate tax levies and rates.
Neighborhood groups, elected officials and chambers of commerce often express concern that not all property owners are paying their fair share of property taxes. These concerns occasionally lead to questions about whether above-market rates of vacancy have been claimed, resulting in tax burden shifts that may not be appropriate. In addition, the Assessor’s Office’s vacancy policy has not been public in the past, leading to a misunderstanding as to how it is applied.
To address these concerns, the following provides information and guidelines for those seeking a revision in their assessed value due to vacancy and market considerations.
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