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2021 Cook County Equalization Factor Finalized

The Illinois Department of Revenue (IDOR) finalized the 2021 Cook County Equalization Factor of 3.0027 on Tuesday, October 18, 2022.  Since Cook County is the only County in the State of Illinois that “classifies” and thereby “assesses” different types of properties based on their use, the IDOR is required to configure and implement an annual […]

Cook County Assessor Raises Valuations of Commercial, Industrial and Multi-Family Properties Substantially More Than Residential Properties

2022 marks the triennial assessment year for all of the north and northwestern townships of Cook County.  Through the first nine reassessment townships, Assessor Fritz Kaegi continues to increase assessments for commercial, industrial and multi-family residential properties at much higher rates than residential property owners.  This trend began during Assessor Kaegi’s first reassessment in 2019 […]

Tentative 2021 Cook County Equalization Factor Set

The Illinois Department of Revenue announced a tentative 2021 Cook County Equalization Factor on June 14, 2022.  The tentative Cook County Equalization Factor of 2.7297 was announced much later this year than in previous years.  For example, the 2020 tentative Equalization Factor which was announced on January 25, 2021.  This later release was representative of […]

Illinois Appellate Court Grants Townhome Associations the Right to Pursue a Tax Appeal on Behalf of the Entire Association

In a judicial opinion issued on December 20, 2021, the Illinois Appellate Court, Second District was asked to make a determination on whether a “townhome association”, in contrast to a “condominium association” had standing to proceed with a property tax  appeal at the Lake County Board of Review. See Deerpath Consolidated Neighborhood Assoc. v. The […]

2020 Second Installment Cook County Real Estate Tax Bills Are Expected To Be Due On October 1, 2021

The Cook County Treasurer Maria Pappas has publicly stated that she expects the second installment 2020 real estate tax bill to be due on October 1, 2021.  Ms. Pappas anticipates that the bills will go out in August so that they are received by Cook County taxpayers at least 30 days before the October 1, […]

City of Chicago Reassessment Begins With Significant Assessment Increases in Rogers Park

Every three (3) years, the City of Chicago is reassessed by the Cook County Assessor.  When that occurs, the Assessor reviews data from sales transactions within the City proper and looks towards “trends” in the real estate market on a more “macro” level of review.  There are eight (8) total Townships within the City which […]

Second Installment 2020 Property Taxes For Cook County Taxpayers Will Most Likely Be Delayed

Due to delays in the finalization of Cook County Board of Review tax appeals and certification of final assessments, Cook County property owners will most likely get more time to pay their 2020 second installment property tax bills.  The current due date for the 2020 second installment of property tax payments is August 2nd, but […]


In an effort to maintain our status as one of the preeminent real estate tax law firms in Illinois, Reiff Schramm Kanter & Guttman, LLC continuously endeavors to issue informative articles and blog posts that apprise our clients, and other interested real estate taxpayers, regarding the intricacies of minimizing the burdensome financial liability imposed by […]


It is with great sadness that Rieff Schramm Kanter & Guttman LLC announces the passing of a founding member of our law firm, Melvyn A. Rieff. Born on January 31, 1944, Mel lived to become a highly-respected attorney-at-law who had become admitted to practice before the Illinois Bar on May 20, 1969.  Over his 37 […]

Tentative 2020 Cook County Equalization Factor Set

The Illinois Department of Revenue announced a tentative 2020 Cook County Equalization Factor of 3.0861 on January 26, 2021.  Every year, the Illinois Department of Revenue is legally required to calculate the equalization factor to achieve uniform property assessments throughout the state. The Cook County Equalization Factor or multiplier is a 5.51% increase from the […]