The Cook County Property Assessment Process: A Primer on Assessment, Classification, Equalization, and Property Tax Exemptions

This report describes how the taxable value of real estate is established in Cook County, Illinois. It explains the determination of assessed value and the calculation of taxable value, including data on triennial assessment districts, assessment methods, classification, assessed value, equalization, homestead exemptions, taxable value, and estimated full value of real estate.

Read the press release for this report here.