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PROPOSED ORDINANCE AMENDMENT
ORDINANCE CONCERNING THE COOK COUNTY REAL PROPERTY ASSESSMENT CLASSIFICATION ORDINANCE REGARDING INCENTIVE CLASSIFICATIONS
WHEREAS, Cook County is a home rule unit of local government pursuant to Article VII, Section 6(a) of the 1970 Illinois Constitution, and as such may exercise any power and perform any function pertaining to its government and affairs; and
WHEREAS, certain portions of the Real Property Assessment Classification Ordinance regarding incentive classifications are scheduled to expire at the end of the year 2027; and
WHEREAS, minor revisions and corrections are being made to certain portions of the Real Property Assessment Classification Ordinance to increase understanding, transparency and accountability; and
WHEREAS, it is desirous that the provisions of the Real Property Assessment Classification Ordinance governing incentive classifications remain in effect.
BE IT ORDAINED, by the Cook County Board of Commissioners, Chapter 74 TAXATION, ARTICLE II. - REAL PROPERTY TAXATION, DIVISION 2. - CLASSIFICATION SYSTEM FOR ASSESSMENT, Sections 74-63, 74-65, 74-68, 74-70, 74-73 and 74-75 of the Cook County Code are hereby amended as follows:
Sec. 74-63. Assessment classes.
Sec. 74-65. Qualifications for commercial development project status.
Sec. 74-68. Classification system to apply with tax assessment year.
Sec. 74-70. Class 8a and 8b designation/assessment class.
Sec. 74-73. Suspension, revocation or cancellation of incentive classification.
Sec. 74-75. Incentive classification affidavit requirement waiver.
Effective date: This ordinance shall be in effect June 1, 2026
Link to full text: <https://bit.ly/26-0936>
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