There’s been ongoing controversy over property valuations in Cook County, Illinois, which includes Chicago. And now multiple parties say they’re trying to find a solution.
To set the stage, in December 2024, a report that looked at country valuations of office, warehouse, and large apartment properties for 2020 through 2023 said values were set too low, the Chicago Tribune reported. The “unprecedented report” found “little uniformity” in assessments. Appeals didn’t add to accuracy.
The study, commissioned by County Board President Toni Preckwinkle’s office, followed “years of squabbling” between the office of Assessor Fritz Kaegi and the Board of Review.
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