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New property assessments available online today

Want to know what the county assessor thinks your home is worth?

You don’t have to wait for the notice to show up in the mail later this week. You can find the answer this morning by typing in your address on the county assessor’s website

Want to know what the county assessor thinks your home is worth?

You don’t have to wait for the notice to show up in the mail later this week. You can find the answer this morning by typing in your address on the county assessor’s website

The assessor’s office says Evanston single-family detached home property values have declined on average by 12 percent this year — but assessments for individual homes may vary widely from that average.

The value of condominiums declined just one percent.

The website report for your house will show its new value for 2010, along with its old value from 2009. Do a little math and you can calculate the percentage change. The assessed values shown are supposed to represent 10 percent of the actual value of the home.

A decline in assessments doesn’t necessarily mean your tax bill will decline — because government units don’t set their spending levels based on tax assessments.

But assuming all taxing units held their spending steady, and assuming your assessment declined by the city-wide average amount — you might expect to see no change in your tax bill.

If your assessment declined by substantially more than the average, you could expect to see some reduction in next year’s tax bill.

But don’t go spend that money just yet.

And, if you think the assessor overestimated the value of your home, you can file an appeal on the assessor’s website.

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