December 20, 2013
This report provides estimates of the total market value of real property in Cook County from 2002-2011 and shows how property value is spread among the City of Chicago, the northern and the southern suburbs. The full market value of real estate in Cook County was approximately $442.8 billion in tax assessment year 2011. This represents a decline of $7.0 billion, or 1.6%, from the 2010 estimated full value. The 2011 estimated decline is the fifth in a row for the whole County, but the rate of decline was the lowest since tax year 2007 and significantly less than the 18.2% decline seen in 2010. Tax year 2011 is the most recent year for which data are available.