Estimated Full Value of Real Estate in Chicago Higher Than Previous 2006 Peak – Civic Federation

The estimated value of City of Chicago real property has grown 62.3% since its trough in 2012 and property in the North Triad by 46.4% and the South Triad by 40.6%.
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Ataraxis
4 years ago

If these numbers aren’t inflation adjusted, they’re meaningless.

OldJarHead
4 years ago

LOL! Where is the Ministry of Truth!

Susan
4 years ago

The EAV of Woodstock Illinois still remains more than15% below pre-crash peak.
This can be attributed to property tax rate capitalization: Woodstock D200 school district, the municipality, and McHenry County maintain spending which keeps Woodstock property tax rates between 3.5%-4.8% of full fair market value.

Freddy
4 years ago
Reply to  Susan

Here’s an old article from Rockford about how TIF’s have negative value due to property values depreciating for years now.
https://therockfordblog.wordpress.com/2013/10/08/those-troublesome-tifs/

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