Civic Federation Supports Cook County Classification Ordinance Reduction to 10% and 25%

September 16, 2008

The Civic Federation supports the proposal to to amend the Cook County Classification Ordinance in order to change the levels of assessment to 10% for residential, vacant, and apartment properties, and 25% for commercial, industrial, and non-profit properties. The Federation believes this will bring greater transparency to the property tax system but have little or no effect on actual assessments.