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Property assessments cut 4 percent

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.

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