Appraise Value vs Market Value (Cook County)

Investor · Miami · Member since 2019 · 52 posts · 12 votes

For those in Cook County, IL -- generally what is the delta expressed as a percentage between these 2 variables?

Is it roughly 10 percent or higher?

Would a recent tax appeal impact the appraised value to the downside?

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Eliott Elias
Investor · Austin, TX · Member since 2021 · 9k+ posts · 5k+ votes
3y
Market value is what a willing and able buyer pays for the property, regardless of what the appraisal is.
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Adriel Cisneros
OP
Investor · Miami · Member since 2019 · 52 posts · 12 votes
3y
Appreciate the response. I was asking for data that would highlight the spread between appraisal and market.
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