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Kaegi jacks up assessments on south suburban landlords

Owners of commercial properties in the south and west suburbs of Cook County could face higher property tax bills next year. But homeowners will bear less of the burden.

After jacking up assessments on commercial properties in the northern Chicago suburbs in 2019, Cook County Assessor Fritz Kaegi has delivered a repeat performance south and west of the city this year.

Kaegi’s office assessed all non-residential property in the south and west Cook suburbs at $5.25 billion, up 56 percent from 2019, according to data from the assessor’s office. The total assessed value of residential real estate in the suburbs rose 8 percent, to $8.42 billion… Please click here to read  Alby Gallun ‘s story in Crain’s.

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