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For Property Investors Considering Chicago, New Simulator Is Aimed at Easing Tax Rate Uncertainty

Reassessing First Batch of Commercial Properties Cuts Some Return Rates by More Than 50%
Chicago's central business district property will not be reassessed until 2021. (CoStar)
Chicago's central business district property will not be reassessed until 2021. (CoStar)
By Jennifer Waters
CoStar News
December 16, 2019 | 8:51 P.M.

Commercial property investors concerned about how high taxes might rise when downtown Chicago’s property values are reassessed in 2021 are turning to a tool from the Cook County assessor.

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