Board of Commissioners of Cook County - File #: 25-4178

• File #: 25-4178
• Version: 1
• Name: EXTENSION OF CLASSIFICATION INCENTIVES
• Type: Ordinance Amendment
• Status: Agenda Ready
• File created: 10/17/2025
• In control: Legislation and Intergovernmental Relations Committee
• On agenda: 10/23/2025
• Title: PROPOSED ORDINANCE AMENDMENT EXTENSION OF CLASSIFICATION INCENTIVES BE IT ORDAINED, by the Cook County Board of Commissioners, that Chapter 74 Taxation, Article II Real Property Taxation, Section 74-68 of the Cook County Code is hereby amended as Follows: Sec. 74-68. Classification system to apply with tax assessment year. (a) The incentive provisions of this Division provided to qualifying parcels of real estate for Class 6b, Class C, Class 7a, Class 7b and Class 8 shall expire on December 31, 2027, unless otherwise reviewed by action of the County. Real estate granted a Class 6, Class 6a, Class 6b, Class 7 or Class 8 classification on or before December 31, 2025, shall retain such classification under the terms and conditions of this Division prior to January 1, 2026. Real estate for which an application for Class 6a, Class 6b, Class 7 or Class 8 classification is filed with the Assessor on or before December 31, 2025, and which thereafter is determined by the Assessor to be el...
• Sponsors: TONI PRECKWINKLE (President), BILL LOWRY

Date	Ver.	Action By	Motion	Result
10/23/2025	1	Board of Commissioners	refer	Pass

title
PROPOSED ORDINANCE AMENDMENT

EXTENSION OF CLASSIFICATION INCENTIVES

BE IT ORDAINED, by the Cook County Board of Commissioners, that Chapter 74 Taxation, Article II Real Property Taxation, Section 74-68 of the Cook County Code is hereby amended as Follows:

Sec. 74-68. Classification system to apply with tax assessment year.

(a) The incentive provisions of this Division provided to qualifying parcels of real estate for Class 6b, Class C, Class 7a, Class 7b and Class 8 shall expire on December 31, 2027, unless otherwise reviewed by action of the County. Real estate granted a Class 6, Class 6a, Class 6b, Class 7 or Class 8 classification on or before December 31, 2025, shall retain such classification under the terms and conditions of this Division prior to January 1, 2026. Real estate for which an application for Class 6a, Class 6b, Class 7 or Class 8 classification is filed with the Assessor on or before December 31, 2025, and which thereafter is determined by the Assessor to be eligible for the classification under the terms and conditions of this Division after December 31, 2025, shall be entitled to receive such classification under such terms and conditions.

(ab) The incentive provisions of this Division provided to qualifying parcels of real estate for Class 6b, Class C, Class 7a, Class 7b and Class 8 shall expire on December 31, 2025, unless otherwise reviewed by action of the County. Real estate granted a Class 6, Class 6a, Class 6b, Class 7 or Class 8 classification on or before April 15, 2017, shall retain such classification under the terms and conditions of this Division prior to April 16, 2017. Real estate for which an application for Class 6a, Class 6b, Class 7 or Class 8 classification is filed with the Assessor on or before April 15, 2017, and which thereafter is determined by the Assessor to be eligible for the classification under the terms and conditions of this Division after April 16, 2017, shall be entitled to receive such classifi...