Cook County commissioned a study earlier this year to take stock of what’s working and what’s not in the county’s complex system for assessing taxes on commercial properties. The resulting report released Dec. 11 shows that many commercial properties in the north and south suburbs have been undervalued, likely leading to a higher tax burden for homeowners. It also makes recommendations for how the overall system can be reformed and stresses the need for better collaboration between the County Assessor’s Office and the County Board of Review, the two bodies involved in tax assessments and appeals. Reset checks in with Cook County Board President Toni Preckwinkle about her major takeaways from the report.

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