2021 Chicago Ward Reports

Increases in property values don’t necessarily cause the same increases in tax bills.

The Assessor does not set property tax levies, rates, or bills. But your property’s share of the total assessed value of all Chicago properties affects its share of Chicago’s property taxes. Your property’s share will depend on 2021 reassessments throughout Chicago, from homes in Chatham and Jefferson Park to commercial properties in Little Village and the Loop.

This means your home’s value can increase, while its share of property taxes could increase, decrease, or stay the same due to Chicago’s reassessment. If other properties’ assessments increase more than yours, this can shrink your home’s share of property taxes.

The 2021 reassessment will affect the property tax bill issued in the summer of 2022. Your property tax bills also list the taxing districts funded by your property taxes.
 

How will the reassessment affect my property tax bills?

It is not yet known, because tax bills are affected by taxing agencies’ funding needs and by all assessments in Chicago, which will continue throughout this year.

The Assessor does not set property tax levies, rates, or bills. But your property’s share of the total assessed value of all Chicago properties affects its share of Chicago’s property taxes. Your property’s share will depend on 2021 reassessments throughout Chicago, from homes in Chatham and Jefferson Park to commercial properties in Little Village and the Loop.

This means your home’s value can increase, while its share of property taxes could increase, decrease, or stay the same due to Chicago’s reassessment. If other properties’ assessments increase more than yours, this can shrink your home’s share of property taxes.

Property tax changes depend on assessment changes to all properties in the geographic boundaries (like Chicago) of your property’s taxing districts. It also depends on increased or decreased property tax dollars requested by taxing agencies. You can find your taxing agencies listed on the property tax bills issued by the Cook County Treasurer.

The 2021 reassessment will affect the property tax bill issued in the summer of 2022. Your property tax bills also list the taxing districts funded by your property taxes.

Neither the Assessor, nor the County or the City, receives more funding as a result of increased assessed values. The Assessor’s job, set by Illinois law, is to produce fair estimates of market value. Fair assessment of all properties helps to ensure that no property owner pays more or less than his or her fair share of property taxes. That’s why Assessor Kaegi’s goal is that all commercial, industrial, multifamily, and single-family property assessments fairly and accurately mirror the market. You can read more about the 2021 assessments of Chicago’s multifamily and commercial properties at cookcountyassessor.com.
 

Ward Reports

The below reports contain:

• a real estate summary of sales and sale prices from 2013 through 2020
• averages of the estimated market values of homes produced by the Assessor's Model

Note that Assessor's Office analysts review the model's estimates and, when warranted, revise these estimated values and assessed values after this report is constructed.

Reports will be added to this page as they are available. Please review the Assessments and Appeals Calendar for updates to the 2021 schedule.