With the release of a report describing how the Cook County Assessor’s Office will factor the COVID-19 pandemic into the assessed property values for the South and West suburbs, Assessor Fritz Kaegi describes how record unemployment and the ongoing economic uncertainty will be factored into values reflected in next year’s property tax bills.

The May 28 report describes the research and methodologies the office is using to create COVID-19 tax adjustments for the South and West suburbs, which are scheduled for reassessment this year under the system by which the office reassesses roughly one-third of the county’s properties each year.
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