Reassessment Notices Mailed To Riverside Township Taxpayers

Lawndale News Chicago's Bilingual Newspaper - Business

Cook County Assessor Joseph Berrios announced that reassessment notices were mailed to over 5,000 homeowners in Riverside Township.

“Our goal at the Assessor’s Office is to ensure that all property owners are equitably assessed,” Assessor Berrios said. “I encourage all homeowners to review their reassessment notices carefully to be certain their proposed assessments are fair and accurate.”

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 17 townships located in south and west suburban Cook County.

Among the findings from the Riverside Township reassessment:
• Riverside is the first of 17 south suburban townships to be mailed during this triennial reassessment.
• The median assessed value fell to 25,019 in 2014, from 26,421 in 2011, a 6% decline.
• The median sale price for single-family homes and other non-condo residential properties fell to $250,000 in 2013, from $258,000 in 2012.
• The proposed assessments of condominiums in Riverside Township reflect a median decrease of 5% in assessed value.
• Reassessment notices contain proposed values that will be reflected on second-installment tax bills, which will be due in the summer of 2014. However, the time to file appeals on these proposed assessments is now, when the reassessment notices are received.

The deadline date for appeals for Riverside Township is March 10, 2014. Berrios stressed that homeowners do not need an attorney to file an appeal.

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