Q:    Will I be notified if my assessment is going to increase?

A:    Yes. Any change in real estate assessments must be published in a newspaper of general circulation in each county every year. Every four years, when all property is reassessed, a complete list of assessments must be published for notification purposes. In addition, taxpayers outside Cook County must be mailed notice of any changes in their assessment from the previous year. Banks, savings and loans, or other mortgage holders are required to forward copies of all assessment change notices to affected borrowers within 15 days of the mortgage lender’s receipt of the notice.

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