web analytics

Cook County

Counter View: The Chicago Real Estate Market is Hot!

Chicago’s market will be largely unaffected by higher assessments.

Are Cook County Owners Prepared For Massive Property Tax Increases?

Are Cook County Owners Prepared For Massive Property Tax Increases? Chicago May 30, 2019

 

When commercial property owners in Cook County receive their next property valuations, they may be in for a shock. Proposals made by Fritz Kaegi, the county’s new tax assessor, could raise the valuation of some properties by 200%, massively increasing taxes. These increases won’t go […]

IAAO Report is in

New assessment finds assessor’s office understaffed and low-tech

The assessor’s office has only a fraction of the people it needs to handle property valuations — with potential fixes ranging from hiring scores of new workers to outsourcing the job for as much as $88 million.

By Rachel Hinton May 23, 2019, 4:56pm CDT

 

Fritz Kaegi, left, then Democratic […]

Downtown Chicago Deals

A New York real estate investor is looking to cash out on seven downtown office towers that could collectively fetch around $1.4 billion, according to a source familiar with the offering.
AmTrust Realty has hired the Chicago office of brokerage Eastdil Secured to sell its entire portfolio of Chicago office buildings, which Eastdil is marketing as […]

Former Cook County Assessor Thomas C. Hynes R.I.P.

A friend and mentor to many. He ran the Cook County Assessor’s Office for 18 years without a scandal. He ran it in a manner which was innovative in terms of public policy and was constantly pushing for newer and better technology. 

Assessor Kaegi Interview

Fritz Kaegi on his new property tax assessment model, and the “old fuzzy

system” he hopes to replace
In a Q&A, the new Cook County Assessor also discusses his proposal to require property owners to report their income

By Alex Nitkin | April 15, 2019 12:00PM

Fritz Kaegi. Alex Nitkin/The Real Deal

Four months after Fritz Kaegi swooped into the […]

Lincoln Yards and The 78

On Wednesday morning City Hall approved as much as $2 billion in tax increment financing (TIF) to support the both massive Lincoln Yards and The 78 megadevelopments.
The Finance Committee and City Council votes occurred less than 48 hours after departing Mayor Rahm Emanuel agreed to honor incoming Mayor-elect Lori Lightfoot’s request for a delay at […]

Tax data collection bill passes Illinois Senate

By Provided News on April 7, 2019 – 2:58pm

A legislative reform package designed to improve property assessment data collection passed the Illinois Senate on April 4 and has moved to the Illinois House Rules Committee.
“Property taxes are something that every politician from both sides of the aisle talks about, but little is done to actually […]

Alsip – Oak Lawn Tax Relief

OAK LAWN, IL — Homeowners and small business owners in Dist. 218, Dist. 229 and Dist 231 will see a decrease on their property tax bills due later this year thanks to a new state grant program aimed at providing relief to school districts in high-taxed areas. The aforementioned high school districts serve the communities […]

Could Rent Controls Be Coming To Chicago?

03/02/2019, 04:54pm

Rent control gains momentum after Chicago voters again give it thumbs up

A Lift the Ban Coalition rally in support of rent control took place outside the Chicago Association of Realtors office on Friday. | Sun-Times/Alex Arriaga

By Alexandra Arriaga
email

Debra Miller considers herself and her husband Jimi lucky.

“We were only homeless 19 months,” she said Friday, recounting […]