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

Increase of residential values in Cook County does not surprise property owners. Residential property in Hyde Park Township had a 28.7% increase showing the rise from $12 billion in 2023 to $16 billion in 2024. The lowest value houses in 2023 had great assessment increases in 2024. Homes of $750K to $1MM price point saw an increase of value of 50% between 2023 and 2024. Residential property owners of homes ranging between $500k to $750k saw a high increase of 47%. In contrast to homes, commercial property had a high value increase in accounts in Hyde Park Township. By 2024, commercial values had a soaring increase of 51%. In 2024, the average assessment for commercial property in Hyde Park Township of Cook County was 56%, with a value exceeding $1.5 million. Owners of commercial properties valued between $1 million to $1.5 million had the second highest increase of 47%. The values show Cook County... Read More

The residential property values of property owners in Cook County, Bremen Township experienced a decrease by the end of 2024. The residential property market in Bremen Township experienced a decrease of -0.2% in 2024, the value fell from $7.42 billion in 2023 to $7.4 billion. The houses with the most significant value increase of 57% had a value range of $1 million to $1.5 million. Higher value homes had the highest increases, while lower value homes had the lowest increases. Homes ranging in value from $250k to $500k had a slight increase of 0.3%. In contrast to residential properties, Bremen Township’s commercial properties have experienced a substantial increase in value. Commercial values encountered an extraordinary 5.7% increase by 2024. Homes with a higher market value exhibited the most substantial increases. Properties that values exceeded $1.5 million, had the maximum assessment of commercial property in Bremen Township of 8.8% in 2024. The second largest increase of... Read More

The residential property values of property owners in Cook County, Berwyn Township increase annually. The residential property market in Berwyn Township experienced a modest increase of 0.4% in 2024, rising from $3.54 billion in 2023 to $3.56 billion. The houses with the most significant value increase of 9% had a value range of $500k to $750K. Higher value homes had the lowest increases, while lower value homes had a high increase. For example, homes ranging in value from $250k to $500k had an increase of 0.32%. Commercial properties in Berwyn Township have encountered a great increase in value in accounts, as opposed to residential properties. By 2024, commercial values experienced an extraordinary 3.8% increase. In 2024, the average assessment of commercial property in Berwyn Township of Cook County was 5.1%, and the value of the property surpassed $1.5 million. Owners of commercial properties valued between $1 million and $1.5 million experienced the... Read More

In Cook County, Illinois, the Cook County Assessor’s Office reassesses the value of all properties in the city every three years. This process is known as the triennial reassessment. Depending on the township and suburb – North suburb South suburb, and City of Chicago- property owners in Cook County will receive the reassessment of their property and file for an appeal. At the time that a township is “open” for assessment and appeals, property owners in Cook County will get a Reassessment Notice in the mail. “Open” signifies that the filing period is officially published and is available to all residents of a township. It is the period during which you may submit your appeal to the Cook County Assessor’s office. A minimum of 30 days is required for the opening of all townships. The reassessment notice will include critical information, such as the newly estimated fair market value of... Read More