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South and west suburbs see 8%-15% decrease in home values amid coronavirus pandemic, Cook County assessor says

South and west suburbs see 8%-15% decrease in home values
amid coronavirus pandemic, Cook County assessor says 1

The assessor’s office is tasked with determining the value of properties in Cook County for tax purposes, and the process is done in three waves. But amid the coronavirus outbreak the office had to hunker down and apply “COVID-19 adjustments” when applicable in reassessing the south and west suburbs. Thus, those assessment notices, usually mailed late March, were postponed.

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