Alternatives to Cook County's 7 percent cap on assessment increases

March 1, 2006

Alternatives to Cook County's 7 percent cap on assessment increases

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Following large run-ups in residential property values, a recent Illinois law allowed Cook County to cap increases in homeowners’ property tax assessments. The cap expires soon and is up for renewal. One consequence of an assessment cap is a shift in tax burdens from some taxpayers to others. We examine the cap and a number of alternative policies that might achieve the benefits sought by its proponents with fewer negative side effects.


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Research Area: Fiscal Health of Illinois

Policy Initiative: none

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