Reassessment notices for properties in Rich Township were mailed to property owners on September 24, 2020. Property valuations in Rich have been adjusted, when appropriate, with a COVID-19 Adjustment based on our Office's estimates of economic effects of COVID-19.
For details on Rich's real estate market and reassessments, read the full reports below.
|Property type||Property count||Median 2019 Sale Price||Median COVID Adjustment||Median 2020 CCAO Estimated Fair Market Value||Change in median 2017-2020 CCAO Estimated Fair Market Value|
|Condos (class 2-99)||3,577||$90,500||-9.7%||$72,010||-13.7%|
|Apartments of 2-6 units||164||$234,787||-12.3%||$267,610||1%|
Read the full 2020 Rich Residential Reassessment Report for more real estate data, COVID-19 adjustments, and reassessment data for each neighborhood.
Residential Interactive Map:
Find your neighborhood, and data about single-family homes in Rich, on the interactive map.
- number of homes and most common type of single-family homes in each neighborhood
- sale data for each neighborhood
- assessment data for each neighborhood
- note: to see COVID-19 Adjustments for each neighborhood, please read the full Rich report.
- All homes in Rich received COVID-19 Adjustments to the CCAO's estimate of their market value in 2020.
- For more details on how COVID-19 Adjustments were calculated, see our report.
- 81 apartment buildings
- 74 office buildings
- 334 commercial/retail buildings
- 31industrial buildings
Commercial and multi-family (apartments) have seen stable growth over the last three years due to a low interest rate environment, increasing rental rates, and capitalization rate compression.
Read the full 2020 Rich Township Commercial Reassessment Report for more real estate and assessment data about initial estimates of commercial property values.
Total Assessed Value Changes
Initial property assessments are determined by the Assessor's Office after the office has heard all assessment appeals. Property owners can also file an appeal with the Cook County Board of Review before final assessed values are set.
The following report details the effects of appeals at the Board of Review on the assessed value of Rich Township as well as the largest parcels in this township.
For a complete dashboard of 2020 total assessed values for each township, read the Township Assessed Value Report: Tax Year 2020.
Watch a Virtual Seminar
The Assessor's Office staff hosts virtual events to provide information and answer your questions about reassessments and appeals. The video below is an informational seminar that covers the appeal process and the Residential Report for Rich Township featuring Cook County Assessor Kaegi and Rich Township Assessor Brown.
Virtual Meeting: How to File an Assessment Appeal
Join Cook County Assessor, Fritz Kaegi and Rich Township Assessor, Sam Brown for a virtual meeting on property assessments. *Understand the property tax system. *Learn about an assessment notice & tax bill. *Reasons a homeowner might consider filing a property assessment appeal. *Guidance on how to file an appeal online. *Live question and answer session.Posted by Cook County Assessor's Office on Thursday, October 15, 2020
How often is my property reassessed?
Cook County is reassessed triennially, which means one-third of the county is reassessed each year. This year, the south suburbs will be reassessed. Your property may also be reassessed if there are significant changes due to a permit application, property division, demolition, or other special application.
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