Rich 2020

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.

Rich 2020
 

Residential Report:

 
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
Single-family homes 22,194 $142,000 -9.7% $139,380 1%
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:

Rich 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.

Commercial 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. 

Appeals

If you are looking to file an appeal of your property's assessment, we encourage you to file online. The appeal deadline for Rich is October 30, 2020.

For assistance, you can contact the CCAO's main office, or the office of Rich Township Assessor Brown.

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