|
FREQUENTLY
ASKED QUESTIONS
Will I be notified if my assessment is
going to increase?
Yes. Any change in real estate
assessments must be published in a newspaper of general circulation in each
county every year. Every four years, when all property is reassessed, a complete
list of assessments must be published for notification purposes. In addition,
taxpayers outside Cook County must be mailed notice of any changes in their
assessment from the previous year. Banks, savings and loans, or other mortgage
holders are required to forward copies of all assessment change notices to
affected borrowers within 15 days of the mortgage lender’s receipt of the
notice.
|