Illinois continues to rank among the states with the highest property taxes in the country, routinely landing in the top three according to recent national surveys and studies. For example:
In 2024, Illinois homeowners paid an average effective property tax rate of around 2.1%, which is nearly double the national average of approximately 1.1%.
This means that … Read More ›
In Cook County, all properties- residential, commercial, and industrial – are reassessed every three years. This triennial reassessment ensures that property values reflect current market conditions and that each property owner pays their fair share of property taxes based on the property’s estimated value.
The reassessment determines the assessed value of each property, … Read More ›
PIN stands for Property Index Number. Sometimes it’s also referred to as a Parcel Identification Number.
A PIN is a 14-digit code that functions as a unique identifier for a parcel of land. All types of properties have PINs, including:
Single family homes
Vacant lots
Apartment buildings
Individual parking spaces within a parking lot
Common areas in community associations
If you look … Read More ›
There are many different types of properties in Cook County. They are sorted into several categories for the purposes of classification.
Factors such as age, height, and function of the property determine its class. This brief guide will help you understand the variety of residences, spaces, stores, and other structures that belong to each major category.
What … Read More ›