Suffredin- Changing County Government  
 

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 was created on January 15, 1831 and named after Daniel P. Cook, Member of Congress and the first Attorney from the State of Illinois.
   
     
     
     



Cook County property values may be down four years in a row

Wednesday, August 04, 2010
Crain's Chicago Business
by Greg Hinz

Property values in Cook County started dropping well before the current the 2008-09 recession and could be off four years in a row unless a turnaround kicks in this year.

   That's the bottom line of
a new report from the Civic Federation, a tax watchdog group, on what's happened to the estimated total value of all real estate in the state's largest county.

   The study finds that in 2008, the latest year for which figures are available, the value of property in the county dropped 5.9%, or $38.8 billion, from 2007. Total value in 2007, in turn, was off $9.7 billion from 2006.

  With the real estate market in near-collapse in 2009 ó and still moribund this year ó the total could be off four years in a row. Such a continuous decline may be unprecedented, and certainly has not occurred since detailed data first became available in the early 1990s, said Lise Valentine, the federation's research director.

   The decline seems to be most extensive in suburban areas, not the city of Chicago, according to the report. But that's based only on 2007 and 2008 figures.

   The data clearly suggest that the Chicago-area economy is having difficulty, and has been for quite some time. It also underlines the task facing local governments because, merely to keep their property tax income constant, they'll have to raise property tax rates to make up for the declining tax base.

   The Civic Federation based its study on figures provided by the Cook County Assessor's Office and the Illinois Department of Revenue.


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 workerís comp benefits in January
Friday, February 22, 2019
Chicago City Wire

Cook County Sheriff Tom Dart: ďThis has been a bipartisan disaster.Ē
Thursday, February 21, 2019
WGN Chicago

EDITORIAL: Donít bungle MWRDís 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 Martinís 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