From a recent Crain's Chicago Business article:
"If there is a silver lining, at least in the near term, it's that higher assessments on commercial properties in Cook County are likely to result in lower taxes for many homeowners. In Evanston, for instance, the assessed value of all residential property rose 25 percent from 2018 to 2019, while the assessed value of all commercial and industrial property rose 125 percent. The wide gap suggests that taxes will rise for commercial and industrial landlords in the suburb when property tax bills come out next year but drop for Evanston homeowners"
Read the full story here:
Crain's Chicago Business 4/12/2019: What Evanston's assessments tell us about the new assessor's new math