Chicago Took $3.85 Billion Off Its Assessment Roll on Appeal. Commercial Property Got 86% of It.

Chicago's assessment roll opened at $49.46 billion and closed $3.85 billion lighter. Commercial property holds 39 percent of the city's assessed value and collected 86 percent of the reductions. Against its own value it was cut 17.0 percent; residential 1.3. Why that is not the whole story.









