LEGAL NOTICE COOK COUNTY REAL PROPERTY ASSESSMENTS FOR 2022

This publication constitutes official notice of the changes in assessment to all owners of real property in Rich Township. The 2022 assessment changes as published herein are those determined by the Assessor of Cook County.

It is the duty of the Assessor to appraise all taxable real property in Cook County at its fair cash value as of January 1, 2022. Fair cash value is described as what the property would bring at a voluntary sale in the normal course of business or trade. The Assessor is required by law to assess said property in a fair and just manner.

The Assessor does not determine property taxes. Property taxes are determined by the spending needs and requests of municipalities, school boards, park districts and other local government agencies which provide public services to property owners. The Assessor’s sole responsibility is to estimate the value of real estate property.

In Cook County, real property is classified according to its use. The classification system is used to determine the percentage of the fair cash value at which the real property is assessed for purposes of taxation. Accordingly, real property is assessed at only a fraction of its fair cash value, depending on its use and classification.

Changes in assessment for land and improvements are listed separately. The dimensions of the land are also listed:

A - Acres

B - Back Lot

N - Irregular Lot

S - Square Feet

Cook County uses a Permanent Index Number (P.I.N) system as a means to identify individual real estate parcels. The PIN consists of a 14digit number. The first two digits identify the area or survey township; the second two digits identify the sub-area or section; the next three digits identify blocks.

Note:

Blocks are defined as follows:

Blocks 100 to 199 are located in the N.W. Quarter Blocks 200 to 299 are located in the N.E. Quarter Blocks 300 to 399 are located in the S.W. Quarter Blocks 400 to 499 are located in the S.E. Quarter

The next three digits in the series identify the specific parcel or lot. The last four, (where applicable), identify individual condominium units, nonoperating railroad parcels or leasehold’s of exempt parcels.

Whenever possible, the assessment list will be listed by the street name and the street or house number of the parcel. However, the Cook County Assessor’s Office official records rely on permanent Property Index Numbers (P.I.N.) only. No assessment of real property shall be considered invalid due to an incorrect listing.

If you have any questions regarding the assessment of real property you should visit the Office of the Assessor of Cook County, 118 N. Clark Street, Room 301, Chicago, Illinois 60602, or call (312) 443-7550. FRITZ KAEGI ASSESSOR OF COOK COUNTY