Recently, you may have received a letter from the Cook County Assessor’s Office regarding the current economic downturn and the negative affect COVID-19 has had on property values. 

The Assessor has deemed it appropriate to apply a COVID-19 Adjustment to the 2020 assessed value for most residential properties. The adjustments range from about 8 - 11%.

In Chicago’s south and west suburbs, mailed reassessment notices will reflect COVID-19 adjusted property values. In Riverside, River Forest, Oak Park, and Calumet however, property values without a COVID-19 Adjustment were sent earlier this year and values were adjusted, where necessary, after appeals closed. 

In Chicago and the north suburbs, values will be adjusted, where appropriate, after the township is certified. 

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