Reassessment Notices Mailed to North Township Taxpayers

 Lawndale News Chicago's Bilingual Newspaper - BusinessCook County Assessor Joseph Berrios announced that reassessment notices were mailed to over 69,000 residential property owners in North Township. Each year, the Cook County Assessor’s Office reassesses one-third of the nearly 1.8 million parcels of property located in Cook County. This year, the Assessor’s Office is reassessing properties in the townships located in the City of Chicago.
Among the findings from the North Township reassessment:

  • North is the seventh township to be mailed in the 2012 reassessment of the City of Chicago.
  • The median assessed value fell to 89,817 in 2012, from 96,524 in 2009 — a median percentage change of 5.27 percent.
  • The median sale price for single-family homes and other non-condo residential properties fell to $898,500 in 2011, from $937,000 in 2010.
  • The proposed assessments of condominiums in North Chicago Township reflect a median increase of 8.23 percent in assessed value.

Reassessment notices contain proposed values that will be reflected on second-installment tax bills, which will be due in the fall of 2013. Taxpayers have 30 days to file an appeal on their proposed assessed values. The deadline date for appeals for North Township is October 15, 2012. Berrios stressed that homeowners do not need an attorney to file an appeal.

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