CSIM
Answer

What Cook County property tax incentives exist for businesses?

Cook County offers property tax incentives that lower a property's assessment from 25% to 10% for years. Class 7a covers small commercial projects (under $2M), 7b larger commercial ($2M+), 6b industrial, and Class 8 depressed areas.

Start with an address

Check Your Address — Free Snapshot

Try:
Browse ProgramsExplore Map

What to know

  • Class 7a: commercial projects under $2M — 10% assessment for 10 years, then 15% and 20%.
  • Class 7b: commercial projects over $2M in areas needing development, with a 'but-for' finding.
  • Class 6b: industrial new construction, rehab, or reoccupancy of abandoned buildings.
  • All require a municipal resolution of support and a filing with the Cook County Assessor before construction.

Related programs

Cook County Class 7a Property Tax IncentiveCook County Class 7b Commercial Property Tax IncentiveCook County Class 6b Industrial Property Tax Incentive

Sources

This is a discovery tool, not legal, tax, or eligibility advice. Confirm current requirements with the administering agency before applying, certifying, or relying on any program listed here.

Related questions