December 21, 2015
This article covers two studies recently released by the Civic Federation. One report tracks the estimated full value of real estate in Cook County, which grew to $460 billion in 2013 after six consecutive years of decline. The other examines effective tax rates for selected municipalities in northeastern Illinois in 2013.
According to research from the Civic Federation, and as mentioned in the article, aggregate property values have risen in the city of Chicago and in both the north and south suburbs. Laurence Msall, president of the Civic Federation, expects this upward trend to continue.