The office of Cook County Assessor Joseph Berrios has mailed assessment reduction notices to taxpayers in Norwood Park Township, as well as parts of Maine, Leyden and Jefferson Townships due to the impact of airport noise on home values. The reductions in assessed value for Tax Year 2016 will be reflected on tax bills issued in 2017. This comes as the result of a two-year evaluation on airport noise and property values, ordered by Assessor Berrios in 2014.
- Airport Reductions Information
- The Notice Letter sent to all homeowners receiving reductions
- CCAO Media Release
- List of more than 40 source materials considered by CCAO to support procedures and interpretations during its review
- Chicago Sun-Times article regarding Norwood Park reductions and general approach of CCAO to airport-noise related reductions
- Summaries of data regarding homes and reductions in each township
- Property Assessment General Information
- How a Tax Bill is Calculated
Maps of Townships:
Please note that reductions were not decided based on quality-of-life issues. CCAO uses several factors and sale prices in each neighborhood and related areas to measure market trends and behavior. As the Notice Letter and Media Release detail, the Assessor’s Office was able to find effects of airport noise on sale prices, and that was used to reach our conclusions. Reductions were either 4% or 5% off Assessed Value.
For more information, contact the Cook County Assessor's Office, 312.443.7550 or www.cookcountyassessor.com.