• Joe Berrios

Got my latest property tax assessment in the mail from Cook County assessor Joe Berrios.

Good news! It says the value of my house fell 6 percent.

Yay, whee, whoo! As everyone knows, that must mean I’ll pay less in property taxes! Right?

Explanation time . . .

As I’ve said a few times, the amount we pay in property taxes is determined by the tax rate multiplied by the value of our property.

And our property’s value is reassessed every three years by the assessor, currently the aforementioned Mr. Joe Berrios.

What up, Joe!