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| 01. What is the Cook County Tax
Reactivation Project (CCTRP)? |
| 02. How does CCTRP work? |
| 03. Which suburbs does CCTRP cover? |
| 04. What are the benefits of CCTRP? |
| 05. How can I, as a businessman or real estate
developer, participate in CCTRP? |
| 06. Can I talk to someone who has been through
the process? |
| 07. Are there tax incentives for the
properties? |
| 08. What is a Class 8 tax incentive? |
| 09. Does CCTRP deal with residential
properties? |
| 10. Are there properties currently available? |
| 11. How can I find out what properties are
available through CCTRP? |
| 12. Can I add a property to the CCTRP
program? |
| 13. Have all of the deeds been received; if
not, when do you expect to receive them? |
| 14. How long will the project last? |
| 15. Is the project accepting any additional
PINs for No Cash Bid? |
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| 01. What is the Cook County Tax Reactivation Project
(CCTRP)?
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The Cook County Tax Reactivation Project (CCTRP) is an expansion of the South Suburban Tax
Reactivation Project (SSTRP). The SSTRP was initiated in 2000, as a pilot project to promote
economic development in south suburban Cook County, targeting Bloom, Bremen, Calumet, Rich, and
Thornton Townships. In 2006, it was expanded to include any portion of Cook County suitable for
the project’s benefits. The project is funded by a grant from the Illinois Department of Commerce
and Economic Opportunity (DCEO) and Illinois Department of Revenue (IDOR). It is administered by the
Cook County Assessor's Office in conjunction with the Cook County Department of Planning and Development.
On behalf of participating municipalities, CCTRP acquires tax delinquent, vacant and abandoned properties,
with the goal of returning them to the tax rolls. The sites are marketed for industrial, commercial, or
residential development.
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| 02. How does CCTRP work?
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CCTRP utilizes the statutory No Cash Bid procedure on behalf of participating municipalities,
to acquire and land bank tax delinquent properties and then markets the property for commercial,
industrial or residential development. CCTRP first works with participating municipalities to
identify properties that are appropriate for the program. CCTRP then pays for the legal work and
other costs necessary to acquire tax deeds to the delinquent properties and generally manages the
process on behalf of the municipality. As a result, the municipality acquires a deed, which is clear
of any accrued taxes and/or penalties. Finally, at the request of the municipality, CCTRP assists with
marketing the property for commercial, industrial or residential use.
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| 03. Which suburbs does the CCTRP cover?
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SSTRP covered Bloom, Bremen, Calumet, Rich and Thornton Townships. Seventeen municipalities have participated
in the project so far: Blue Island, Calumet City, Country Club Hills, Dixmoor, Ford Heights, Harvey, Hazel Crest,
Lynwood, Markham, Park Forest, Phoenix, Richton Park, Riverdale, Robbins, Sauk Village and Thornton. CCTRP continues
to include the originally targeted south suburban townships, as well as any other portion of Cook County suitable for
the Project’s benefits.
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| 04. What are the benefits of CCTRP?
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CCTRP expands the property tax base, lessening the burden on homeowners and other taxpayers.
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CCTRP provides increased tax revenue for municipalities, Cook County and other taxing districts, by returning
tax delinquent parcels to the tax rolls.
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CCTRP encourages positive use of previously tax delinquent properties through better identification and utilization
of real property, including the accumulation of large tracts of contiguous land for assembly and development.
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CCTRP fosters environmental improvement by identifying prior uses of property and potential environmental problems.
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CCTRP beautifies neighborhoods and improves property values by eliminating the blight of abandoned properties.
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CCTRP builds cooperation among municipalities, as everyone benefits from working together.
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CCTRP curbs suburban sprawl by promoting development within existing communities and providing jobs in communities
where people live. Spending on infrastructure will be minimized, as will the depletion of open space, because currently
available infrastructure and land will be utilized.
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| 05. How can I, as a businessman or real estate
developer, participate in CCTRP?
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If you are interested in acquiring and developing property within the targeted townships, please call our office.
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| 06. Can I talk to someone who has been through the
process?
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CCTRP has many success stories. You can contact our
office and we will put you in contact with developers
who have acquired property through CCTRP or SSTRP.
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| 07. Are there tax incentives for the properties?
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All CCTRP properties that are developed for commercial or industrial use qualify for a Class 8 real estate tax incentive under
the Cook County Real Property Classification Ordinance. If you are interested in a Class 8 tax incentive, you should obtain an
applicable Bulletin and Application by contacting the Cook County Assessor’s Office at (312) 603-5331, or you can click on the links provided below to
download the Class 8 Eligibility Bulletin and Application. You should be certain to complete and submit the Assessor’s Class 8 application before construction begins or
before you reoccupy the abandoned property. Other incentives may also be available.
Download Class 8 Eligibility Bulletin
Download Class 8 Eligibility Application
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| 08. What is a Class 8 tax incentive?
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Property is eligible for a Class 8 tax incentive when the
property is to be used for commercial or industrial purposes and there has
been: 1) new construction, 2) substantial rehabilitation, or 3) re-occupancy of
abandoned property. For property that qualifies for a Class 8 tax incentive,
taxpayers receive a reduction in the level of assessment to 16% (from 38% for
commercial property and 36% for industrial property) for ten years plus a
reduction to 23% in year 11 and 30% in year 12. For industrial property only,
taxpayers can renew the incentive for additional 10-year periods, with
municipal approval. Additional information about the Class 8 tax incentive may
be obtained by contacting the Cook County Assessor's Office, at (312) 603-5331,
or you can click on the links provided below to download the Class 8 Eligibility
Bulletin and Application.
Download Class 8 Eligibility Bulletin
Download Class 8 Eligibility Application
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| 09. Does CCTRP deal with residential properties?
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YES!! Although the Project was originally limited to properties developed for commercial and industrial use, it has now been
expanded to include properties developed for residential purposes.
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| 10. Are there properties currently available?
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CCTRP has already acquired hundreds of deeds on behalf of municipalities and is currently completing the
acquisition process for others. A number of properties have already been conveyed to developers and new
businesses are either operating or under construction. To search for available property,
click here.
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| 11. How can I find out what properties are available
through CCTRP?
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View our website or contact our office. Available properties for which deeds have been recorded are listed
and described. As we acquire the deeds to additional properties, they are posted on our website.
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| 12. Can I add a property to the CCTRP program?
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We are currently working with municipalities to identify additional properties for acquisition through the
project. You can find a list of properties for which CCTRP already has acquired a deed for the municipality by
clicking here . Other properties will be added to the site as CCTRP acquires additional deeds.
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| 13. Have all of the deeds been received? If not, when
do you expect to receive them?
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We receive additional recorded deeds as the statutory procedure is completed. We anticipate that all of the deeds
from the original project will be recorded by January, 2007. Proceedings to acquire additional properties will
be initiated soon.
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| 14. How long will the project last?
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The Project has currently been extended.
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| 15. Is the project accepting any additional pins for No
Cash Bids?
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Yes, the Project is working with municipalities to determine additional appropriate PINs
for No Cash Bids, and will initiate the statutory procedure soon.
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