Shedding Light on Property Tax Assessment and Classification
Property taxes are among the policies that CMAP is evaluating after a regional task force on state and local tax policy submitted an advisory report to the CMAP Board. Using interactive, data-driven graphics, CMAP launched a series of two issue briefs that shed light on the process of property tax assessment classification. The first issue brief explains how property taxes are determined throughout the region, providing details of how property taxes pay for services delivered by particular units of government. The second highlights how phasing out this system could make established communities more attractive for redevelopment and infill of vacant or underutilized land.
Read related posts on the Policy Updates blog on Decoding Property Taxes and Rethinking Property Tax Classification in Cook County.