New five- year incentive in Cook County expands availability of property tax relief

What is the Class 7c Incentive? The Class 7c Incentive or Commercial Urban Relief Eligibility (“CURE”) is a new five-year commercial property tax Incentive in Cook County that is targeted to help commercial property owners throughout the County by reducing a property’s tax burden by essentially 60% for three years; 40% in year 4 and 20% in year 5 of the Incentive period…Please click here to read Zachary A. Kafitz and James B. Sarnoff’s story in the Illinois Real Estate Journal.