Special Assessment Properties
Class 6b
Designed to encourage industrial development throughout Cook County by offering a real estate tax incentive for the development of new industrial facilities, the rehabilitation of existing industrial structures, and the industrial reutilization of abandoned buildings. |
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Class 7a
Intended to encourage commercial projects in areas determined to be "in need of commercial development." These projects have total development costs, exclusive of land, that DO NOT EXCEED two million and would not be economically feasible without the incentive. |
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Class 7b
Intended to encourage commercial projects in areas determined to be "in need of commercial development." These projects have total development costs, exclusive of land, that EXCEED two million and would not be economically feasible without the incentive. |
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Class 8
Designed to encourage industrial and commercial development in areas of the county which are experiencing severe economic stagnation. |
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Class 9
Designed to encourage new development, rehabilitation and long-term preservation of affordable multi-family rental housing throughout Cook County. |
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Class C
Designed to encourage industrial and commercial development throughout Cook County by offering a tax incentive for the remediation of contaminated properties including abandoned property or vacant land. |
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Class L
Real estate is to be used for commercial, industrial, multi-family residential or not-for-profit purposes and has been individually designated as a landmark or is a contributing building in a designated historic or landmark district. |
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Class S
Class 3 property which is subject to a project-based Section 8 contract that has been renewed under the United States Housing and Urban Development (HUD) "Mark Up To Market" (MUTM) option. The Section 8 units must be retained during the five-year term of the renewed MUTM contract. |
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Historic Residence Property Tax Assessment Freeze |
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The State of Illinois provides a Property Tax Assessment Freeze Program which provides tax incentives to owner-occupants of certified historic residences who rehabilitate their homes. Through the Property Tax Assessment Freeze Program, the assessed valuation of the historic property is frozen for eight years at the level it was at the year rehabilitation began. The valuation is then brought back to market level over a period of four years.
To obtain additional information regarding the application procedure, please contact the Illinois Historic Preservation agency at 1-217-785-5042.
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Single Room Occupancy (SRO)
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Fee Structure Information
In an effort to generate revenue, the Cook County Board recently approved a new fee plan requiring the Cook County Assessor's Office to begin charging fees for a number of services. The CCAO has begun charging for the following:
| Certified Documentation |
$1.00 |
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| Incentive Application Filing |
$500.00 |
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| Amendment to Original Incentive Application |
$100.00 |
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| Class 9 Part II Incentive Filing |
$100.00 |
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| Incentive Class Change |
$100.00 |
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| Division/Consolidation Petition (3 tracts) |
$50.00 |
| ....... each additional tract |
$10.00 |
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| Division/Consolidation Petition (3) filed between 9/1 - 10/31 |
$200.00 |
| ....... each additional tract |
$40.00 |
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| Amendment to Divide/Consolidation Petition |
$25.00 |
Checks should be made payable to: COOK COUNTY ASSESSOR'S OFFICE
All fees associated with the above referenced items are non-refundable filing fees. Acceptance of a filing fee by the Cook County Assessor's Office does not guarantee that our office will grant the requested action related to the filing fee. It is the responsibility of the submitter or submitter's agent to provide all necessary materials.
If you have any questions regarding the new fee structure, please contact
Francisco Perez
Chief Commercial/Industrial Hearing Officer
(312) 603-4280.
