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Cook County Property Values Up 41% from 2012
The market value of Cook County real estate, both residential and commercial, has nearly recovered to 2008 levels, according to an annual estimate by the Civic Federation. Values increased 4.7% year over year to $585.8 billion in tax year 2017, the most recent year for which data is available.
Property values have increased each consecutive year since bottoming out to $414 billion in 2012, the Civic Federation said. 2017’s full value represented a 41.5% increase over 2012. However, countywide values are still 4.9%, or $30 billion, lower than 2008 levels.
“This fifth consecutive year of growth in the estimated full value of property in Cook County is a positive sign that the real estate market continues to recover,” said Civic Federation president Laurence Msall. Prior to 2007, the estimated full value of real estate in the city of Chicago and suburbs grew every year going back to at least 1995.
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- ◦Economy
