- New property values released by the Cook County Assessor do not meet their own fairness standards.
- Property owners have until October 22, 2020 to appeal these changes
The Assessor calculates statistical benchmarks to determine if its valuations are fair. These benchmarks fall under two types:
- “Horizontal equity” means that similar properties have similar assessed values
- “Vertical equity” means that low-value and high-value properties are similarly assessed
The Assessor reported that it failed to meet both standards. However, it says that the situation is improving:
Although assessment variability (uniformity) in Bremen has improved this year compared to prior years, we have not yet achieved the IAAO standard for high-quality assessments in Bremen. This is likely due to the wide variety of homes throughout Bremen’s neighborhoods, and to data quality…. Because our models struggle to distinguish between properties, Coefficient of Dispersion (variability) was higher than the IAAO’s standard, yet we have improved in this area.
The Assessor is reassessing every property in Cook County as part of its response to the ongoing COVID-19 pandemic. Bremen Township includes large parts of Robbins, Midlothian, Markham, Oak Forest, Country Club Hills, and Hazelcrest villages.
The following is a summary of the reassessment changes for residential properties in Bremen according to the Assessor:
|Property Type||Median Assessed Value|
|Single Family Homes||$80,580|
|2-6 Unit Apartments||$303,275|
Quite a few properties saw increases of more than 50% as shown in this histogram:
Bremen Township 2020 Appeals
The Assessor mailed reassessment notices to Bremen Township property owners on September 16, 2020 and property owners have until October 22, 2020 to appeal.