Author Archives: Sarina Remiasz

Study Shows “Significant” Underassessments of Chicago Commercial Properties in 2018

Chicago Commercial Properties

Sales data for commercial properties in all but two Chicago townships in 2018 show that many assessments fell far short of corresponding market values, according to a recently released analysis by the International Association of Assessing Officers (IAAO).

The findings follow a June 2019 study of residential sales and market values that found similar problems with underassessment and lack of uniformity for residential properties in the city of Chicago.

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