Cook County Assessor Joseph Berrios has announced that reassessment notices were mailed to close to 27,000 single-family and 13,000 condominium homeowners in Palatine Township. Each year, the Cook County Assessor’s Office reassesses one-third of the nearly 1.8 million parcels of property located in Cook County. “Assessed Value” is 10 percent of market value. This year, the Assessor’s Office is reassessing properties located in North Suburban Cook County. Palatine Township is the fourth township to be mailed in the 2016 reassessment of North Suburban Cook County. Reassessment notices contain proposed values for property Tax Year 2016, which will be reflected on Second-Installment Tax Bills, which will be due in the summer of 2017. The time to file appeals on these proposed assessments is now, however, when the reassessment notices are received. The deadline date for appeals for Palatine Township is May 9, 2016. Assessor Berrios stressed that homeowners do not need an attorney to file an appeal. There is no fee involved.
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