Reassessment, by the Cook County Assessor, for all property located in the North and Northwest suburbs of Cook County will be completed during 2007.  Sellers and buyers of property in this area should consider the results of this process when determining how to resolve the tax prorations in their sales contracts.  Potential for 25% to 30% increases in the property assessments are predicted by some experts allowing for some possibly significant monetary implications. Evanston township has already released its changes on March  30th.  If you would like to look up a current tax assessment or are seeking additional information on Cook County Tax Assessement and how this may impact you, additional information can be found at http://www.cookcountyassessor.com/.

Image courtesy of geralt/Pixabay.com