Cook County Assessor Joseph Berrios has announced that reassessment notices have been mailed to over 53,000 single-family and 15,000 condominium homeowners in Thornton Township. Reassessment notices contain proposed values for Property Tax Year 2017, which will be reflected on Second-Installment Tax Bills to be mailed and due in the summer of 2018. “Assessed Value” is the portion of a home’s estimated total Market Value on which taxes are calculated. For homes, “Assessed Value” is ten percent of Market Value; businesses’ Assessed Value is 25 percent of Market Value. As always, tax years are billed and due for payment in the following calendar year. The time to file appeals on these proposed assessments is now, however, when the reassessment notices are received. The deadline for appeals for Thornton Township is September 15, 2017. Assessor Berrios stressed that homeowners do not need an attorney to file an appeal. There is no fee. The Assessor’s web site (www.cookcountyassessor.com) also allows taxpayers to search for assessment information on reassessed properties. Anyone may search for assessment information using a 14-digit Property Index Number (PIN) or by typing in an address.