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Cook County Class 6b — Industrial Real Estate Incentive
Cook County Assessor + municipal Resolution of SupportSee programDeadline: Application required PRIOR to substantial rehabilitation, new construction, or re-occupation. Municipal Resolution of Support must be obtained from the local municipality before filing with Assessor.
Cook County property tax incentive classification under Cook County Real Property Assessment Classification Ordinance. Most heavily used incentive for industrial development in metropolitan Chicago region. Application via Cook County Assessor with required Resolution of Support from the property's home municipality. Stack with: federal Opportunity Zones (if property in OZ tract), federal §179D for energy efficiency components, MACRS depreciation, IL Enterprise Zone (if applicable zone overlap), Cook County C-PACE financing.
Program details
- Agency
- Cook County Assessor + municipal Resolution of Support
- Level
- County
- Category
- Property Tax Abatement
- Eligibility
- Industrial real estate in Cook County meeting one of: (a) NEW CONSTRUCTION of industrial facility; (b) SUBSTANTIAL REHABILITATION (project cost ≥50% of existing market value); (c) RE-OCCUPATION of abandoned industrial property vacant ≥24 months. Subject property must be used for "industrial" purposes per Cook County definition: manufacturing, warehousing, distribution, food processing. Office and retail not eligible (see Class 7 for commercial).
- Funding Amount
- Reduced property tax assessment ratio: 10% of market value for 10 years (vs standard 25%), 15% in year 11, 20% in year 12 — total ~60% property tax savings over 12-year incentive period vs unincentivized industrial property. Renewable for additional 12-year terms with assessor approval.
- Deadline
- Application required PRIOR to substantial rehabilitation, new construction, or re-occupation. Municipal Resolution of Support must be obtained from the local municipality before filing with Assessor.
- Status
- open
- Geographic Scope
- Illinois only
- Project Types
- real_estate, industrial, manufacturing
- Client Types
- commercial
- Notes
- For evlv.energy clients: HIGH RELEVANCE for industrial/warehouse properties. Surface in research chat when query mentions "industrial", "warehouse", "manufacturing", "distribution", or property location in Cook County. Combined with §179D, MACRS, Enterprise Zone, this can recover 50–70% of energy retrofit cost over the 12-year incentive period. Critical for clients evaluating substantial-rehabilitation projects on existing industrial buildings.
Source: Grantya research. Confirm current terms with the administering agency before applying.