Reassessment Notices for Calumet Township Mailed

Median Percentage Increase of 22.13% Percent for Residential Properties

Chicago – September 26, 2008 – Cook County Assessor James M. Houlihan announced that reassessment notices were mailed today to close to 5,000 residential property owners in Calumet Township.

“Our goal at the Assessor’s Office is to work to ensure that all property owners are equitably assessed,” said Cook County Assessor Jim Houlihan. “I encourage all homeowners to review their reassessment notices carefully to be certain their proposed assessments are both accurate and fair.”

Each year the Cook County Assessor’s Office reassesses one-third of the nearly 1.7 million parcels of property located in Cook County.

This year, the Assessor’s Office is reassessing properties in townships located in south and west suburban Cook County. 

Among the findings from the Calumet Township reassessment:

• The median sale price for residential properties rose to $139,000 in 2007, from $114,800 in 2004.

• The median assessed value rose to 14,010 in the current 2008 reassessment, from 11,317 in the 2005 reassessment – a median increase of 22.13%.

Reassessment notices contain proposed values that will be reflected on second installment tax bills, which will be due in the fall of 2009. However, the time to file appeals on these proposed assessments is now, when the reassessment notices are received. The deadline to file appeals for properties located in Calumet Township is November 3, 2008.

A single-family homeowner may compare his or her assessment with those of similar homes. These assessments are published in local newspapers and the name of the paper and the publication date can be found on the bottom of the reassessment notice. The publication of assessments is also made available in public libraries. Residential data books are available at all Assessors’ Office locations and may be used to find comparable properties.

Assessor Houlihan’s interactive website allows taxpayers to search for information using a 14 digit Property Index Number (PIN) or by typing in an address. Homeowners can check their property’s characteristics, as well as search for information on similar properties to use if they choose to appeal their assessments. Another website feature allows taxpayers to pull up a picture of any property within the county. The Assessor’s website is located at (www.cookcountyassessor.com).

For appeal information specific to condominium properties, please contact the Assessor’s Office or visit its website. Assessment and appeal procedures for condominiums are different due to the fact that a condominium is comprised of one property with many owners.

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Cook County Assessor’s Office Downtown Location
118 N. Clark Street  -  Chicago, IL -  (312) 443-7550