The following is a new guideline issued by the Cook County Assessor

Effective March 22, 2016

The plan for Tax Year 2016 and going forward creates a new minor class, within Class 2 properties, for bed-and-breakfasts. It will be designated, “2-97.” Each 2-97 property will remain eligible for the Homeowner Exemption if the homeowner lives in the B&B as his/her primary residence. Any B&B property which is not the primary residence of the owner, typically because it is owned by an LLC or other corporation, will be 5-97 [Class 5, Business].