Suffredin- An Advocate for All of Us  
 

Accountability
Forest Preserves
Public Safety
Cook County Budget
Forest Pres. Budget
Property Tax Appeal
Health & Hospitals
Land Bank Authority
Policy Resolutions
Unsung Heroine

 

   
 
   
   
 
   
     
  Office phone numbers:  
   
 
 

The Cook County Code of Ordinances are the current laws of Cook County.

   
 

Search current and proposed Cook County Legislation in Larry's exclusive legislative library.

   
  Cook County is the second most populous county in the nation. It is the 19th largest government in the U.S.
   
     
     
     



Property owners really got their kicks in '06
COOK COUNTY | Values jumped in last year before credit crash

Monday, September 08, 2008
Chicago Sun-Times
by DAVID ROEDER

Cook County enjoyed a bull market in property values during 2006, the last year before home prices began feeling the impact of a credit crisis, according to a report issued today by the Civic Federation.

The report by the nonpartisan organization estimated the market value of Cook County property rose 14.6 percent in 2006 compared with 2005.

Chicago outpaced the suburbs in 2006, with a 16.5 percent increase.

Based on the latest available numbers, the report is a nostalgic look back at a decade when property owners came to expect generous growth in yearly valuations. Other reviews indicate that home prices in the Chicago market have fallen about 7 to 9 percent over the last 12 months.

The federation's annual study, covering residential and business property, will pick up the housing downturn in its future editions but municipalities need to plan for the impact now, said the group's president, Laurence Msall.

"Many local governments are starting to report significant declines in collections from real estate transfer taxes," he said.

Less revenue from the transfer taxes means fewer homes are being sold.

The federation estimated all Cook County property was worth $666.2 billion in 2006, with Chicago accounting for nearly half the total. Over the last 10 years, the worth of Chicago property has tripled while valuations in suburban Cook have doubled.

The information is used by local governments for financial planning and by bond rating agencies trying to measure the health of the tax base.

The report found that in the suburbs, the greatest percentage gain in valuations came in suburbs south of North Avenue, which saw a 14.9 percent increase in 2006. North Avenue is a boundary for reassessment districts, and suburbs north of it had an 11.5 percent increase.

Copies of the report are available at civicfed.org.



Recent Headlines

City Club of Chicago: Cook County Assessor Fritz Kaegi
Friday, February 22, 2019
WGN Radio Chicago

Cook County Board approves $1.5 million settlement in 2013 jail beating case
Friday, February 22, 2019
Chicago Tribune

Cook County paid more than $1.23 million in worker’s comp benefits in January
Friday, February 22, 2019
Chicago City Wire

Cook County Sheriff Tom Dart: “This has been a bipartisan disaster.”
Thursday, February 21, 2019
WGN Chicago

EDITORIAL: Don’t bungle MWRD’s plan for an independent inspector general
Thursday, February 21, 2019
Chicago Sun-Times

Cook County Sheriff Tom Dart Pivots To Podcasting To Fight Opioid Abuse
Thursday, February 21, 2019
WBEZ Chicago Public Radio

Cook County board votes to permanently dismantle gang database
Thursday, February 21, 2019
Chicago Sun-Times

It's time to modernize the assessor's office
Wednesday, February 20, 2019
Crain's Chicago Business

Body found in vehicle at Cook County Forest Preserve near Hoffman Estates
Tuesday, February 19, 2019
Daily Herald

Local legislators tout efforts to help those facing mental health issues
Tuesday, February 19, 2019
Pioneer Press

It's time to modernize the assessor's office
Monday, February 18, 2019
Crain's Chicago Business

EDITORIAL: We could have taken Gary Martin’s gun away
Monday, February 18, 2019
Chicago Sun-Times

Hours before Aurora mass shooting, former mayors met in Chicago to discuss strategies to reduce gun violence
Friday, February 15, 2019
Chicago Tribune

Illinois Supreme Court sets civil, criminal fee schedule
Thursday, February 14, 2019
Chicago Daily Law Bulletin

Seniors: Are your Cook County property taxes delinquent? Your home could be at risk
Thursday, February 14, 2019
WLS Abc 7 Chicago

Editorial: Look out, taxpayers: When governments have more pensioners than employees
Thursday, February 14, 2019
Chicago Tribune

Hundreds of accused criminals on electronic monitoring are missing
Wednesday, February 13, 2019
ABC Channel 7

Glenview adopts Cook County minimum wage and sick leave ordinances, effective July 1
Tuesday, February 12, 2019
Chicago Tribune

Lawsuit over property tax assessments survives challenge
Monday, February 11, 2019
Chicago Daily Law Bulletin

EXPERIENCE THE HEALTH BENEFITS OF THE FOREST PRESERVES THROUGHOUT WINTER
Thursday, February 07, 2019
Special to suffredin.org

all news items

Paid for by Larry Suffredin and not at taxpayer expense. A Haymarket Production.
^ TOP