Norwood Park Reassessment - 83% Increase on Commercial and Industrial Properties!
Norwood Park, a township in Cook County last reassessed in 2016, is located on the City’s northside just South of Park Ridge and east of Rosemont. Starting in 2019, Kane & Co will be publishing assessment facts by township. This is the first Township reassessment under Assessor Kaegi. Norwood Park Township is comprised of 9,857 parcels, with a preliminary 2019 Assessed value of $470 million (42% higher than 2018). 63% of the parcels are Class 2 residential, whereas 34% are Class 5 commercial and industrial. Commercial and Industrial values were increased by 83% as compared to a 27% increase for residential.