On June 13, 2023, the County Board of Appeals & Equalization meeting adjourned, finalizing the 2023 assessment. The final 2023 assessed values show that Cook County’s overall taxable market value increased 14.2 percent over 2022. On June 26, 2023, the sales ratio study that is administered by the Minnesota Department of Revenue was also finalized and no state board orders... READ MORE >
Most Cook County Property Owners have received their 2023 Property Tax Statements and 2023 Valuation Notices (for taxes in 2024). The 2023 Valuation Notice contains important information on the Assessor’s estimated market value & classification and will provide instructions on how a taxpayer can appeal, if they feel the information is incorrect. For the 2023 assessment, the overall valuation increase... READ MORE >
We wanted to reach out as most Cook County Property Owners have been receiving their 2022 Property Tax Statements. Please don’t confuse this with the 2022 Valuation Notice (for taxes in 2023), which will be arriving in mailboxes in the coming weeks of April. The Tax Statement and Value Notice were not mailed together in 2022, as they have been... READ MORE >
The Cook County Assessor’s Office recently completed the process of inspecting permitted new construction that has occurred over the last twelve months. Each year the Assessor compiles permits issued by the city of Grand Marais as well as County-issued permits and County Appraisers visit these properties near the January 2nd assessment date to determine what has been completed. Typically, a... READ MORE >
In last week’s edition of Cook County Connections, I touched on one of the most common questions I have been hearing lately, “How will this market affect my property taxes?”. This is a difficult question; the answer is that every taxpayer will be impacted differently. With the real estate market in a frenzy, it seems that many taxpayers feel their... READ MORE >
Cook County real estate has seen sharp increases in demand in 2020 and 2021, which is reflected in the asking prices of recent listings. Several examples exist where a property that sold just two or three years ago, with a lengthy marketing time, has been recently re-marketed at 20 percent to 30 percent (or more) over the last sale price... READ MORE >
The Cook County real estate market entered 2020 strong: inventory was declining, asking prices were increasing and the time a new listing spent on the market was typically low. Then the COVID-19 pandemic hit, increasing the demand for rural living across America. In the early stages of the April lockdown, the market was in a holding pattern while logistics for... READ MORE >
