Property Tax Reduction Blog

Commercial Values in Oak Park Township Experienced an Astounding Rise of 17.3%, Residential Values Sustain Minimal Increase of 0.4%.

Oak Park
The residential property market values of property proprietors in Oak Park Township, Cook County, experience an annual increase in market value. From $6.62 billion in 2023 to $6.64 billion in 2024, the residential property market in Oak Park Township experienced a slight increase of 0.4%. The properties with the most significant value increase of 4.18% were in the $1.5 million or higher value range. A comparatively modest increase was observed in residences of lesser value, while the most significant increases were observed in residences of higher value. For example, the value of residences valued at $250k or less increased by 0.02%. A 0.36% increase was observed for properties valued between $500k and $750k. Commercial properties in Oak Park Township have encountered a substantial increase in value in accounts, in contrast to residential properties. By 2024, commercial values experienced a large increase of 17.3%. In 2024, the total value of commercial property... Read More

Commercial Values in New Trier Township Experienced Extraordinary Rise of 9.4%, Home Values See a Modest Increase of 1.3%.

New Trier 2024 Property Tax
The residential property market values of property owners in New Trier Township, Cook County can increase annually. In 2024, the residential property market value in New Trier Township saw a slight increase of 1.3%, increasing from $19.7 billion in 2023 to $19.9 billion. The properties with the most substantial value increase of 3.2% were within the $1.5 million or higher value range. The most significant increases were observed in residences of higher value, while those of lower value experienced a relatively modest increase or even slight decreases. For instance, the value of residences between $250k and $500k experienced a decline of 0.1%. In contrast to residential properties, commercial properties in New Trier Township have experienced a substantial increase in value in accounts. Commercial values encountered an extraordinary 9.4% increase by 2024. The average assessment of commercial property in New Trier Township of Cook County was 13.6% in 2024, and the property’s... Read More

Lyons Township Residential Values increased by 0.6%, while Commercial Values skyrocketed by 6.7%. 

2024 Lyon Property Tax
Annually, residential values rise in Cook County for property owners. Residential property in Lyons Township had a 0.6% increase illustrating the growth from $14.8 billion in 2023 to $14.9 billion in 2024. The lowest value houses with a range of $1MM to $1.5MM had a great assessment increase between 2023 and 2024. Residential property owners of homes greater than $1.5MM saw the highest increase in value of 7.5%. In contrast to homes, commercial property had an inflated value increase in accounts in Lyons Township. By 2024, commercial values had tremendous growth of 6.7%. In 2024, the average assessment for commercial property in Lyons Township of Cook County was 9.2%, with a value exceeding $1.5 million. Owners of commercial properties valued between $500k to $750k had one of the highest increases of 2.5%. The data indicates a substantial rise in the assessment for Lyons Township in Cook County, Illinois. First things first: before protesting the assessment... Read More

Maine Township in Cook County Sees Residential Values Barely Budge, Commercial Assessments Up 6.3%

Maine Township 2024 Thumbnail
The residential property values of property owners in Maine Township, Cook County, experienced a negligible increase between 2023 and 2024. The value of the residential property market in Maine Township increased by 0.5% in 2024, from $15.6 billion in 2023 to $15.7 billion. Higher market value properties had the highest increase percentage. The properties with the highest value increase of 5.6% had a value range between $1 million and $1.5 million. The second highest percentage increase with 4.5% belongs to houses with a market value exceeding $1.5 million. The value of commercial properties in Maine Township has grown drastically in comparison to residential homes. The commercial values increased by 6.3% by 2024. The residences with greater market values saw the largest rises. For commercial properties valued more over $1.5 million in Maine Township in 2024, the maximum value increase was 7.6%. The owners of commercial properties with a $1 million to... Read More

Calumet Township Homeowners Experienced a Slight Increase, Commercial Values Rise 4.4%

Calumet property tax
Between 2023 and 2024, there was a barely perceptible increase in the residential property values for most property owners in Calumet Township, Cook County. In 2024, the residential property market in Calumet Township saw a 0.1% increase in value, rising from $676 million in 2023 to $677 million. The properties with the lowest value increase of 0.2% had a value range exceeding $250,000. In contrast to residential properties, the value of commercial properties in Calumet Township has increased more significantly. By 2024, commercial values experienced a 4.4% increase. The most significant increases were observed in homes with a higher market value. In 2024, the maximum assessment of commercial property in Calumet Township was 14% for properties with a value exceeding $1.5 million. Owners of commercial properties valued between $1 million and $1.5 million experienced the second largest increase of 4.1%. The data shows that residential assessments in Calumet Township, Cook County,... Read More