Assessment persistence

doi:10.1016/j.regsciurbeco.2026.104251

Assessment persistence

2026-07-01

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DOI：10.1016/j.regsciurbeco.2026.104251

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An analysis of residential assessment ratios in Cook County, Illinois, for 1976-2020 suggests that unusually low and high assessment ratios display only a modest amount of persistence over time. Mean and median assessment rates were consistently lower than statutory rates throughout this time, apart from a short period during the Great Recession. While low-priced properties tend to have higher assessment rates than high-priced homes, they also are much more variable. High assessment rates in one assessment year are frequently followed by lower rates for the same property in subsequent years.

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Property tax

Assessments

Assessment persistence

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