Canonical program record
Cook County Class 6b Property-Tax Incentive
Qualifying industrial property may receive a reduced assessment level after approval for eligible construction, rehabilitation, or reoccupation.
What this mechanism does
- Mechanism type
- Property-tax classification
- Economic effect
- Recover value later
- Administrator
- Cook County Assessor's Office
- Amount or value
- Qualifying property is generally assessed at 10% for ten years, 15% in year 11, and 20% in year 12 instead of the ordinary industrial level described by the authorities.
- Cash-flow timing
- A later property-tax assessment effect, not construction cash or a grant.
- Upfront cash
- Required
- Repayment
- Not a repayable mechanism
- Program lifecycle
- Case-managed
- Visitor treatment
- Confirm this condition first
A case-managed administrator must confirm the current route and sequence.
Important dates and consequences
No separate material date is recorded for this edition. Current status still requires the verification dates shown in this record.
Project fit and limits
Eligibility conditions to confirm
- The property and use must meet the industrial development, rehabilitation, or reoccupation rules.
- The applicant must secure required local support and Assessor approval in the required sequence.
Eligible costs described by the authority
- Qualifying industrial real-estate construction, substantial rehabilitation, or reoccupation
Ineligible or excluded costs
- Ordinary operating costs and projects that do not meet property-classification rules
Friction to plan for
- Local support, filing fees, exact property facts, and approval timing apply.
- Seek guidance before construction, rehabilitation, reoccupation, or other commitment.