Cook County Assessor's office misclassifies and undervalues properties, causing inequitable property tax distribution.
Cook County Assessor Fritz Kaegi's office is found to misclassify and undervalue properties, causing inequitable property tax distribution. Hundreds of thousands of properties, including new constructions, are not reassessed for years. The Chicago Tribune and Illinois Answers Project investigation reveals that the assessor's office missed an estimated $444 million in market value in one year, highlighting the need for a more accurate and fair property tax system.
August 04, 2024
3 Articles