3'1. '59: i . g} ?7 mi The Civic Federation mu" Research Information Action 9" Est. 1894 ESTIMATED FULL VALUE OF REAL PROPERTY IN COOK COUNTY: 2008-2017 September 30, 2019 The Civic Federation 0 10 N. Dearborn Street 0 Chicago, IL 60602 a civicfedorg The Civic Federation is an independent, non?partisan government research organization working to maximize the quality and cost?effectiveness of government services in the Chicago region and State ofIHinois. MAJOR FINDINGS This report provides an estimate of the full market value of property in Cook County between tax years 2008 and 2017 using data provided by the Cook County Assessor and the Illinois Department of Revenue. The full market value of real estate in Cook County was approximately $585.8 billion in tax assessment year 2017. Tax year 2017 is the most recent year for which data are available. The 2017 total value estimate represents an increase of $26.1 billion, or 4.7%, from the 2016 estimated full value. However, the 2017 full value of real estate is still $30.4 billion lower than it was in 2008. Prior to 2006, the estimated full value of real estate in the City of Chicago and suburbs grew every year going back to at least 1995. In 2007 real estate values began to decline, hitting a low point in 2012. The 2017 estimates represent the fifth year in a row in which real estate values in Cook County increased after six straight years of decline. In addition to Cook County as a whole, the report estimates the full market value of real estate in the City of Chicago, north Cook County suburbs and south Cook County suburbs. 1 The estimated full market value of real estate in the City of Chicago increased by 4.4% in tax assessment year 2017 while the northwest and southwest suburbs experienced increases of 4.0% and 6.6%, respectively. The report also breaks down the estimated full value of property by assessment class for Chicago and the suburbs and for the County as a whole. The estimated full value of all major classes of property in every assessment district fell between 2008 and 2017, except residential property within the City of Chicago, which increased 0.7%. Between 2008 and 2017 the estimated full value of property in Cook County as a whole declined by 4.9%. METHODOLOGY The full value of property is estimated using two sources of data: the total assessed value of property as reported by the Cook County Assessor’s Office in the Cook County Final Abstract of Assessment and the median 2 level of assessment reported by the Illinois Department of Revenue (IDOR) in the Assessment/Sales Ratio Study. The Assessment/Sales Ratio Study collects data on property sales and calculates the ratio of assessed values to sales values. A median assessment/sales ratio for the three years preceding an assessment year is computed, as well as an adjusted median ratio if additional data are submitted by the County Assessor or Board of Review after the initial data were collected. 3 This median ratio is commonly referred to as the “median level of assessment.” The Department of Revenue calculates median levels of assessment for Class 1 (vacant land), Class 2 (residential), Class 3 (apartments), Class 5a (commercial) and Class 5b (industrial) properties. County ordinance 1 See the Appendix for a map of the Cook County townships by triad assessment district. The median is found by ranking the individual assessment ratios in ascending or descending order and counting downward until the middle value is reached. If an even number of ratios is found, the two middle ratios are averaged to calculate the median. 3 For more information on assessment/sales ratios, see “Publication 136: Property Assessment and Equalization,” Illinois Department of Revenue, January 2010, http://www.revenue.state.il.us/Publications/Pubs/PUB-136.pdf. 2 1 requires that these classes be assessed at the following levels for tax year 2017: Class 1–10%, Class 2–10%, Class 3–10%, Class 5a–25% and Class 5b–25%. 4 Special note should be taken that the Department of Revenue’s ratio studies indicate a high coefficient of dispersion for vacant land, commercial and industrial assessments, which means there is likely to be wide variation within these classes from the calculated median for individual properties whose reported sale prices were included in the study. This has implications with regard to the uniformity of assessment for those types of properties, which is important for equitable taxation. 5 The Civic Federation estimates the full value of property by dividing the median level of assessment (or adjusted median when available) into the total assessed value of a class of property. In those classes for which there are not enough sales data for the Department of Revenue to calculate an adjusted median, the ordinance level or Total County Adjusted Median ratio is used. 6 The full value estimate does not include state-assessed properties 7 or properties that are exempt from real estate taxes. Timing and Limitations The Cook County Final Abstract of Assessment is typically published in spring of the year following the assessment year (e.g., the 2017 Final Abstract was published on May 16, 2018). The Assessment/Sales Ratio Study for Cook County is typically released in the spring or summer two years following the assessment year (e.g., the 2017 Assessment/Sales Ratio Study for Cook County was released in spring of 2019). In years past, the Civic Federation compensated for this two-year delay by using the previous year’s Assessment/Sales Ratio Study (e.g., 2003 assessed values and 2002 median levels). Starting with the 2004 Estimated Full Value of Property in Cook County, the Civic Federation now waits and uses the same-year data when available from the Illinois Department of Revenue’s Assessment/Sales Ratio Study in order to provide the most accurate estimates. Readers should note that the trends identified in this report do not necessarily apply to individual properties. This is because: 1) they are estimates; and 2) they reflect medians, which by their nature do not represent the individual experience of every property. 4 These levels were effective starting with tax year 2009, pursuant to Cook County Ordinance 08-O-51 passed in September 2008. Class 3 declined to 13% in 2010 and 10% in 2011 and thereafter. Previous levels were: Class 1– 22%, Class 2–16%, Class 3–26%, Class 5a–38% and Class 5b–36%. 5 See Civic Federation, “The Cook County Property Tax System and Fundamental Principals of Taxation,” November 22, 2010, for more information about uniformity of assessment in the Cook County property tax system. 6 Previously, the Department of Revenue did not provide assessment/sales ratio statistics for property classes with fewer than 25 usable property transactions. In 2010 the Department of Revenue responded to requests from the public by providing median levels of assessment and other statistics for property classes with low numbers of usable transactions. However, because statistical analysis of a small number of observations produces less reliable results, the Civic Federation continues to use the Total County Adjusted Median ratio to calculate the estimated full value of properties in property classes with small numbers of transactions. For the 2017 Assessment Sales Ratio Study, there were insufficient data to calculate an adjusted median for Class 3 properties in Triad 2 and Class 5b properties in Triad 1. For more on how small samples make statistical analysis less reliable, see International Association of Assessing Officers, Standard on Ratio Studies, (Kansas City, 2007), p. 15. 7 The Illinois Department of Revenue assesses pollution control facilities, low sulfur dioxide coal fueled devices, railroad operating property and water treatment facilities. 2 Estimated Full Value: 2017 Cook County Property Taxes Payable in 2018* Prepared by the Civic Federation Sources: Cook County Assessor's Office, Illinois Department of Revenue Class 1 Vacant 2 Residential 3 Apartment 4 Non-Profit† 5a Commercial 5b Industrial** 6 New&Abate Ind† 7 Comm Dev† 8 Incentive† 9 Incentive† Total City of Chicago Final IDOR (1) Assessment A/S Ratio $ 199,490,724 0.0660 $ 17,196,902,457 0.0806 $ 1,905,033,150 0.0735 $ 70,302,749 0.25 $ 10,490,773,768 0.1851 $ 879,555,266 0.1940 $ 74,373,167 0.10 $ 109,793,610 0.10 2,513,752 $ 0.10 $ 41,381,706 0.10 $ 30,970,120,349 Cook County Suburbs - Southwest Final IDOR (1) Full Class Assessment A/S Ratio Value 1 Vacant $ 111,082,502 0.0702 $ 1,582,371,823 2 Residential $ 7,985,673,598 0.0942 $ 84,773,605,074 3 Apartment 236,849,981 $ 0.0811 $ 2,920,468,323 4 Non-Profit† 25,002,381 $ 0.25 $ 100,009,524 5a Commercial $ 2,059,913,819 0.2006 $ 10,268,762,807 5b Industrial $ 696,081,638 0.2103 $ 3,309,945,972 6 New&Abate Ind† $ 125,529,285 0.10 $ 1,255,292,850 7 Comm Dev† 2,766,156 $ 0.10 27,661,560 $ 8 Incentive† $ 55,415,286 0.10 $ 554,152,860 9 Incentive† $ 6,887,482 0.10 $ 68,874,820 Total $ 11,305,202,128 $ 104,861,145,614 Full Value $ 3,022,586,727 $ 213,361,072,667 $ 25,918,818,367 $ 281,210,996 $ 56,676,249,422 $ 4,533,790,031 743,731,670 $ $ 1,097,936,100 25,137,520 $ $ 413,817,060 $ 306,074,350,561 Cook County Suburbs - Northwest Final IDOR (1) Full Class Assessment A/S Ratio Value 1 Vacant $ 85,257,267 0.0365 $ 2,335,815,534 2 Residential $ 12,022,978,504 0.0853 $ 140,949,337,679 3 Apartment** $ 379,026,925 0.0681 $ 5,565,740,455 4 Non-Profit† 66,154,365 $ 0.25 $ 264,617,460 5a Commercial $ 3,770,026,437 0.2090 $ 18,038,404,005 5b Industrial $ 1,220,781,958 0.2164 $ 5,641,321,433 6 New&Abate Ind† $ 183,246,833 0.10 $ 1,832,468,330 7 Comm Dev† $ 16,867,181 0.10 168,671,810 $ 8 Incentive† $ 0.10 $ 9 Incentive† 5,650,161 $ 0.10 $ 56,501,610 Total $ 17,749,989,631 $ 174,852,878,316 Class 1 Vacant 2 Residential 3 Apartment 4 Non-Profit 5a Commercial 5b Industrial 6 New&Abate Ind 7 Comm Dev 8 Incentive 9 Incentive Total Cook County Total Final IDOR (2) Assessment A/S Ratio $ 395,830,493 $ 37,205,554,559 $ 2,520,910,056 $ 161,459,495 $ 16,320,714,024 $ 2,796,418,862 $ 383,149,285 $ 129,426,947 $ 57,929,038 53,919,349 $ $ 60,025,312,108 Full Value $ 6,940,774,085 $ 439,084,015,421 $ 34,405,027,146 $ 645,837,980 $ 84,983,416,233 $ 13,485,057,436 $ 3,831,492,850 $ 1,294,269,470 $ 579,290,380 $ 539,193,490 $ 585,788,374,490 (1) IDoR Assessment/Sales Ratios adjusted through 2017 Board of Review (most recent available). (2) IDoR Assessment/Sales Ratio from each triad (City of Chicago, Cook County Suburbs - Northwest and Cook County Suburbs - Southwest) used and full values totaled to arrive at County full value. * Does not include values for Railroad, Pollution Control or the part of O'Hare Airport located in DuPage County. ** Due to insufficient sales data available, uses the Total County Adjusted Median IDOR ratio. † IDoR does not calculate an assessment ratio for this class, uses ordinance level of assessment. 3 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 10-Year Change $ $ $ $ $ $ $ $ $ $ $ Estimated Full Value of Property in Cook County: 2008-2017* City of Chicago Northwest Suburbs Southwest Suburbs 310,888,609,224 $ 186,884,721,708 $ 118,390,263,210 280,288,729,779 $ 163,177,045,860 $ 106,669,593,650 86,931,411,132 231,986,396,152 $ 130,893,732,273 $ 86,529,392,417 222,856,063,501 $ 133,402,233,450 $ 80,154,539,186 206,915,723,324 $ 127,312,126,732 $ 82,749,921,821 236,695,475,114 $ 140,415,199,738 $ 89,141,405,861 255,639,792,047 $ 154,355,356,178 $ 92,822,550,554 278,027,604,450 $ 157,993,103,961 $ 98,406,078,747 293,121,793,245 $ 168,157,287,947 $ 306,074,350,561 $ 174,852,878,316 $ 104,861,145,614 (12,031,843,393) $ (13,529,117,596) (4,814,258,663) $ Total Cook County $ 616,163,594,142 $ 550,135,369,289 $ 449,811,539,556 $ 442,787,689,369 $ 414,382,389,242 $ 459,860,596,673 $ 499,136,554,087 $ 528,843,258,965 $ 559,685,159,940 $ 585,788,374,490 $ (30,375,219,652) Note: Minimal differences in totals may occur due to rounding. Figures are calculated by the Civic Federation using the assessed values and assessment/sales ratio medians for each respective year. * Does not include values for Railroad, Pollution Control or the part of O'Hare Airport located in DuPage County. Source: Cook County Assessor's Office and Illinois Department of Revenue. Annual Percent Change in Estimated Full Real Property in Cook County: 2008-2017* Southwest Suburbs Total Cook County City of Chicago Northwest Suburbs -6.1% 2008 -3.0% -7.4% -11.7% -9.8% -12.7% -9.9% -10.7% 2009 -18.5% -18.2% 2010 -17.2% -19.8% 1.9% -0.5% -1.6% 2011 -3.9% 2012 -7.2% -4.6% -7.4% -6.4% 3.2% 11.0% 2013 14.4% 10.3% 8.0% 9.9% 7.7% 8.5% 2014 4.1% 6.0% 2015 8.8% 2.4% 5.4% 6.4% 6.0% 5.8% 2016 2017 4.4% 4.0% 6.6% 4.7% -6.4% -11.4% -4.9% 10-Year Change -1.5% Note: Minimal differences in totals may occur due to rounding. Figures are calculated by the Civic Federation using the assessed values and assessment/sales ratio medians for each respective year. * Does not include values for Railroad, Pollution Control or the part of O'Hare Airport located in DuPage County. Source: Cook County Assessor's Office and Illinois Department of Revenue. 4 Ten-Year Percent Change in Estimated Full Value of Real Property by Class: Cook County 2008-2017* City of Chicago Northwest Suburbs Southwest Suburbs Total Cook County 0.7% -3.9% -11.9% -3.4% Class 2 (Residential) -16.9% -26.8% -10.8% -18.6% Class 5a (Commercial) -56.3% -30.2% -21.2% -40.5% Class 5b (Industrial) 53.8% 36.1% 0.3% 39.9% All Other Classes Total All Classes -1.5% -6.4% -11.4% -4.9% Note: Minimal differences in totals may occur due to rounding. Figures are calculated by the Civic Federation using the assessed values and assessment/sales ratio medians for each respective year. * Does not include values for Railroad, Pollution Control or the part of O'Hare Airport located in DuPage County. Source: Cook County Assessor's Office and Illinois Department of Revenue. 5 Estimated Full Value of Cook County Real Property: 2008-2017 $700 $616 $586 $600 Total Cook County $550 $560 $529 $499 $500 $450 $460 $443 $414 Billions $400 City of Chicago $300 $200 Suburban Cook County $100 $0 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 Source: Assessed Value (Cook County Assessor's Office) and Assessment Sales/Ratio Studies (Illinois Department of Revenue) data from the same year. 6 City of Chicago Triad Estimated Full Value: 2008-2017 $350 Class 5b (Industrial) $300 All Other Classes $250 Billions Class 5a (Commercial) $200 $150 $100 Class 2 (Residential) $50 $2008 2009 2010 2011 2012 2013 2014 2015 2016 Source: Assessed Value (Cook County Assessor's Office) and Assessment Sales/Ratio Studies (Illinois Department of Revenue) data from the same year. 7 2017 Northwest Suburbs Triad Estimated Full Value: 2008-2017 $200 $180 Class 5b (Industrial) Class 5a (Commercial) All Other Classes $160 $140 Billions $120 $100 $80 $60 Class 2 (Residential) $40 $20 $2008 2009 2010 2011 2012 2013 2014 2015 2016 Source: Assessed Value (Cook County Assessor's Office) and Assessment Sales/Ratio Studies (Illinois Department of Revenue) data from the same year. 8 2017 Southwest Suburbs Triad Estimated Full Value: 2008-2017 $140 Class 5b (Industrial) $120 Class 5a (Commercial) All Other Classes $100 Billions $80 $60 $40 Class 2 (Residential) $20 $2008 2009 2010 2011 2012 2013 2014 2015 2016 Source: Assessed Value (Cook County Assessor's Office) and Assessment Sales/Ratio Studies (Illinois Department of Revenue) data from the same year. 9 2017 Total Cook County Estimated Full Value: 2008-2017 $700 Class 5b (Industrial) $600 Class 5a (Commercial) All Other Classes $500 Billions $400 $300 $200 Class 2 (Residential) $100 $2008 2009 2010 2011 2012 2013 2014 2015 2016 Source: Assessed Value (Cook County Assessor's Office) and Assessment Sales/Ratio Studies (Illinois Department of Revenue) data from the same year. 10 2017 City of Chicago Triad Estimated Full Value by Class as % of Total: 2008-2017 Class 2 (Residential) Class 5a (Commercial) Class 5b (Industrial) All Other Classes 100.0% 90.0% 80.0% 74.3% 73.9% 70.0% 68.1% 73.5% 71.9% 71.6% 70.3% 69.7% 69.5% 68.9% 60.0% 50.0% 40.0% 30.0% 21.9% 22.3% 20.0% 10.0% 15.7% 6.6% 3.3% 5.8% 1.6% 7.8% 2.6% 18.4% 5.7% 1.7% 16.6% 7.5% 2.4% 18.5% 8.0% 1.8% 16.1% 10.5% 1.6% 18.9% 10.8% 1.4% 19.8% 9.1% 1.6% 18.5% 10.3% 1.5% 0.0% 2008 2009 2010 2011 2012 2013 2014 2015 Note: Minimal differences in totals may occur due to rounding. Sources: Assessed Value (Cook County Assessor's Office) and Assessment Sales/Ratio Studies (Illinois Department of Revenue) data from the same year. 11 2016 2017 Northwest Suburbs Triad Estimated Full Value by Class as % of Total: 2008-2017 Class 2 (Residential) Class 5a (Commercial) Class 5b (Industrial) All Other Classes 100.0% 90.0% 83.4% 80.0% 78.5% 80.5% 79.1% 79.0% 80.4% 79.6% 81.2% 80.6% 80.1% 70.0% 60.0% 50.0% 40.0% 30.0% 20.0% 13.2% 12.2% 8.9% 10.0% 0.0% 4.3% 4.0% 2008 4.4% 3.7% 4.3% 4.0% 4.3% 2009 11.5% 2010 3.7% 2011 12.3% 4.4% 4.3% 2012 12.2% 3.6% 4.6% 2013 9.4% 7.0% 3.2% 2014 9.7% 5.7% 3.4% 2015 Note: Minimal differences in totals may occur due to rounding. Sources: Assessed Value (Cook County Assessor's Office) and Assessment Sales/Ratio Studies (Illinois Department of Revenue) data from the same year. 12 10.5% 6.3% 3.1% 2016 10.3% 5.8% 3.2% 2017 Southwest Suburbs Triad Estimated Full Value by Class as % of Total: 2008-2017 Class 2 (Residential) Class 5a (Commercial) Class 5b (Industrial) All Other Classes 100.0% 90.0% 84.0% 81.2% 80.5% 82.1% 81.0% 79.8% 80.0% 81.3% 81.8% 81.2% 80.8% 70.0% 60.0% 50.0% 40.0% 30.0% 20.0% 10.0% 0.0% 9.7% 5.5% 3.5% 2008 10.1% 5.6% 3.8% 2009 7.5% 5.1% 3.4% 2010 9.5% 4.8% 3.5% 2011 10.3% 6.0% 4.0% 2012 9.2% 6.0% 3.8% 2013 7.9% 7.0% 3.8% 2014 8.2% 6.8% 9.3% 6.0% 3.2% 2015 3.5% 2016 Note: Minimal differences in totals may occur due to rounding. Sources: Assessed Value (Cook County Assessor's Office) and Assessment Sales/Ratio Studies (Illinois Department of Revenue) data from the same year. 13 9.8% 6.2% 3.2% 2017 Cook County Total Estimated Full Value by Class as % of Total: 2008-2017 Class 2 (Residential) Class 5a (Commercial) Class 5b (Industrial) All Other Classes 100.0% 90.0% 78.6% 80.0% 73.8% 77.7% 74.9% 76.4% 76.2% 75.8% 74.9% 75.0% 74.8% 70.0% 60.0% 50.0% 40.0% 30.0% 20.0% 16.9% 16.9% 12.1% 10.0% 0.0% 5.6% 3.7% 2008 6.2% 5.3% 2.9% 2009 3.1% 2010 14.6% 4.9% 2.8% 2011 14.1% 14.9% 6.3% 3.3% 2012 12.5% 8.8% 14.2% 8.6% 6.6% 2.7% 2013 2.5% 2014 2.3% 2015 Note: Minimal differences in totals may occur due to rounding. Sources: Assessed Value (Cook County Assessor's Office) and Assessment Sales/Ratio Studies (Illinois Department of Revenue) data from the same year. 14 15.1% 7.7% 2.4% 2016 14.5% 8.2% 2.3% 2017 City of Chicago Triad Assessed Value By Class as % of Total: 2008-2017 Class 2 (Residential) Class 5a (Commercial) Class 5b (Industrial) All Other Classes 100.0% 90.0% 80.0% 70.0% 60.0% 59.7% 59.3% 58.2% 56.9% 56.6% 56.5% 56.4% 56.4% 56.0% 55.5% 50.0% 40.0% 32.9% 33.9% 31.0% 31.0% 31.5% 34.0% 33.9% 33.7% 33.9% 33.9% 30.0% 20.0% 10.0% 0.0% 6.8% 3.4% 2008 7.7% 3.1% 2009 6.7% 3.1% 2010 3.1% 2011 3.2% 2012 Note: Minimal differences in totals may occur due to rounding. Sources: Assessed Value (Cook County Assessor's Office). 15 3.2% 2013 3.1% 2014 7.2% 6.9% 6.6% 6.4% 6.2% 5.7% 3.0% 2015 2.9% 2016 7.8% 2.8% 2017 Northwest Suburbs Triad Assessed Value By Class as % of Total: 2008-2017 Class 2 (Residential) Class 5a (Commercial) Class 5b (Industrial) All Other Classes 100.0% 90.0% 80.0% 70.0% 69.5% 68.1% 67.9% 67.3% 66.0% 66.4% 66.4% 68.1% 66.3% 67.7% 60.0% 50.0% 40.0% 30.0% 21.7% 20.0% 10.0% 8.5% 3.8% 19.5% 7.5% 3.5% 21.0% 8.1% 3.6% 20.9% 7.9% 20.8% 7.8% 3.3% 3.3% 22.2% 7.7% 3.7% 22.3% 7.6% 3.8% 22.3% 7.4% 3.9% 20.9% 6.9% 4.0% 21.2% 6.9% 4.1% 0.0% 2008 2009 2010 2011 2012 Note: Minimal differences in totals may occur due to rounding. Sources: Assessed Value (Cook County Assessor's Office). 16 2013 2014 2015 2016 2017 Southwest Suburbs Triad Assessed Value By Class as % of Total: 2008-2017 Class 5a (Commercial) Class 2 (Residential) All Other Classes Class 5b (Industrial) 100.0% 90.0% 80.0% 72.8% 72.0% 70.0% 70.2% 70.1% 69.9% 68.1% 69.0% 68.9% 70.6% 68.8% 60.0% 50.0% 40.0% 30.0% 20.0% 10.0% 19.1% 7.6% 5.1% 16.9% 6.7% 4.5% 16.6% 6.4% 4.1% 18.8% 18.7% 6.9% 4.3% 6.8% 4.3% 18.7% 6.7% 4.4% 19.4% 6.9% 4.8% 19.4% 6.7% 4.9% 19.6% 6.6% 5.0% 18.2% 6.2% 5.0% 0.0% 2008 2009 2010 2011 2012 Note: Minimal differences in totals may occur due to rounding. Sources: Assessed Value (Cook County Assessor's Office). 17 2013 2014 2015 2016 2017 Cook County Total Assessed Value By Class as % of Total: 2008-2017 Class 2 (Residential) Class 5a (Commercial) Class 5b (Industrial) All Other Classes 100.0% 90.0% 80.0% 70.0% 64.5% 62.2% 64.5% 64.1% 62.9% 62.2% 61.8% 62.0% 61.9% 61.4% 60.0% 50.0% 40.0% 30.0% 26.4% 24.5% 25.0% 25.9% 26.8% 27.4% 27.6% 28.0% 27.5% 27.2% 5.3% 5.4% 5.2% 5.2% 4.9% 4.8% 4.7% 6.2% 20.0% 10.0% 0.0% 5.9% 5.5% 2008 5.2% 5.3% 5.7% 2009 5.2% 2010 4.9% 4.7% 2011 2012 Note: Minimal differences in totals may occur due to rounding. Sources: Assessed Value (Cook County Assessor's Office). 18 5.2% 2013 5.7% 5.4% 2014 2015 5.9% 2016 2017 Appendix Cook County Assessment Townships HARRINGTON FALATINE NORTHFIELD NEWTRIER HANOVER SGHAUMBURG ELK GROVE MAINE NILES PAR LEYDEN ER F0 ES 5U PROVISO a RIV RSIDE 5 2 LYONS STICKNEY PALOS WORTH LEMONT LUM ORLAND BREMEN THORNTON RICH BLOOM Reassessment Districts - City Triennial District North Triennial District South Triennial District 19 ?1