Assessor releases 2020 Reassessment Schedule
The Assessor plans to start the 2020 reassessment season in February and will release assessment notices for each of the 17 South Suburban Townships one at a time through the end of August. This notice will set forth the proposed 2020 assessment (referred to as the reassessment). Taxpayers will have forty days to file an assessment appeal with the Assessor’s office to seek a reduction in the proposed reassessment.
Property owners in each of the other 21 townships in Cook County will also have an opportunity to contest their assessments in 2020. If the Assessor increases the assessment of a property in a non-reassessment township, the taxpayer will receive a mailed notice of reassessment and be given thirty days to file an appeal. Taxpayers are generally reassessed in a non-assessment year if they received a one-year assessment reduction in the prior year. One-year reductions are often granted if the property experienced above-normal vacancy or below-normal operating income. All taxpayers will have the right to appeal during the 40-day filing period for their township regardless of whether their assessment has been increased or not.
Click here to view the Assessor’s tentative township mailing schedule.
Elliott & Associates is celebrating its 25th year helping property owners reduce their tax bills. We have saved our clients over $300 million since 1995, helping to improve cash flows and property values. If you would like us to review the assessments of any other properties, or if we may be of service to any friends, please let us know. We are happy to do our best to reduce high property taxes and free up cash for the things that matter most to you.