Evanston homeowners will soon receive notice in the mail that their property assessment is being reduced four percent.


Evanston homeowners will soon receive notice in the mail that their property assessment is being reduced four percent.

Cook County Assessor James Houlihan says it’s part of a wave of reassessment notices in suburban Cook County as a result of the recent decline in property values.

The announcement apparently means Houlihan believes property values are holding up better in Evanston than in most communities, because he’s said that countywide the reductions will range from 4 to 15 percent.

The north suburbs aren’t scheduled for a regular triennial reassessment until next year, but Houlihan said the extraordinary downturn in the real estate market called for quicker action.

Property owners have until Aug. 10 to appeal their assessments. Appeals can be filed online.

The assessment reduction doesn’t necessarily mean taxpayers will see smaller tax bills — because taxing bodies will likely raise tax rates to compensate for the change.

Bill Smith is the editor and publisher of Evanston Now.

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3 Comments

  1. Did any one get a different assessment?
    Did anyone get a different assessment than 4% in Evanston?

    If all property got 4% that would indicate no effect – since the rate of taxation will just be adjusted up.

    1. better than nothing
      Do you have facts that state the rate of taxation will be adjusted up? And what exactly is this rate of taxation that you speak of? Property taxes? Please be more specific in your complaints as it will help the readers understand your argument.

      Better that my property assessment was adjusted down and not up.

  2. tax rates
    The assessment, of itself, is not the final determinant of your final property tax bill. There is an equalizer which can be raised or lowered to allow the final tax assessments to match the budget requirements of the local taxing districts.

    Assessment goes down, equalizer goes up, property tax is the same — or more.

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