Among the findings from the Northfield Township reassessment:
- Northfield is the 11th of 14 north suburban townships to be mailed during this triennial reassessment.
- There were 1,507 home sales in Northfield Township since the last triennial reassessment in 2007, down from 2,720 home sales during the prior triennial period (2004 to 2007).
- The median sale price for single-family homes and other non-condo residential properties fell to $529,000 in 2009 from $601,250 in 2008 – a 12% decline.
- There were 708 total foreclosure filings for Northfield Township since the last triennial reassessment (97 filings in 2007, 260 filings in 2008 and 351 filings in 2008).
Reassessment notices contain proposed values that will be reflected on second-installment tax bills, which will be due in the fall of 2011. However, the time to file appeals on these proposed assessments is now. The deadline to file appeals for properties located in Northfield Township is January 31, 2011.
What is the 2010 Property Reassessment?
As a part of the triennial property property reassessment process, the Cook County Assessor recalculates the assessed values of all properties in Cook County.
How is the New Assessed Value Determined?
The Cook County Assessor uses a computerized sales compression program based on the sales in the past three years to determine assessed values.
How To File An Appeal?
Appeal forms can be obtained online or you can Appeal Online. Staff at the Northfield Township can help you analyze the data and assist in writing up an appeal.
Northfield Township Reassessment Hours
Trained assessment specialist at Northfield is available to assist you:
Tue, Wed, Fri 9am - 4 pm
Thursday 9am - 7:30 pm
Saturday 9am - noon
From Township of Northfield Assessor's Newsletter and Cook County Assessor's website
North And Norhwest Of Chicago Real Estate