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Township assessor warns Cook County overvaluations may affect a handful of Riverside parcels
Summary
At the June board meeting, Riverside Township Assessor Fran Sikowitz said Cook County may have overvalued five to 10 parcels; she identified one unimproved Riverside Lawn lot she says was valued about 600% higher than in 2022 and said the county will release parcel IDs within about 10 days.
Fran Sikowitz, the Riverside Township assessor, told the board at its June meeting that recent reports of Cook County's assessor office overvaluing properties may touch a small number of township parcels.
"As far as I know, Riverside Township doesn't have very many parcels," Sikowitz said. She said the board of review suspects between "maybe 5 and 10 parcels," and that most appear to be unimproved land. "I did identify one parcel in Riverside Lawn that was valued at 600% more than it was in 2022," she said.
Sikowitz said the Cook County assessor's office is expected to release the list of affected parcels "within the next 10 days," after which the township assessor's office will contact property owners and work on corrections. She also said tax bills are scheduled to be mailed by June 30 and that the township has been working on certificates of error and other adjustments for new homeowners.
The assessor said the majority of the parcels suspected of overvaluation are large parcels or land-only parcels and that the board of review will likely handle corrections; she told trustees she does not anticipate a large number of affected properties in Riverside Township.
The board did not take a formal vote on the matter at the meeting. Sikowitz said the assessor's office will proceed to identify affected owners and collaborate with the county and the board of review as information is released.
