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Cook County Class 8 — Severely Distressed Areas Industrial/Commercial
Cook County Assessor + municipal Resolution of SupportSee programDeadline: Application required prior to qualifying construction, rehab, or re-occupation. Resolution of Support from municipality required.
Cook County's strongest property tax incentive, available only in designated severely-distressed townships in south Cook County. Extended 14-year incentive period reflects deeper economic distress in eligible communities. Used heavily for industrial redevelopment in south Cook industrial corridors and commercial revitalization in distressed townships.
Program details
- Agency
- Cook County Assessor + municipal Resolution of Support
- Level
- County
- Category
- Property Tax Abatement
- Eligibility
- Industrial or commercial real estate in DESIGNATED SEVERELY DISTRESSED TOWNSHIPS (currently Bremen, Bloom, Calumet, Rich, Thornton — verify current list with Assessor as designations change periodically). Property must meet standard substantial rehabilitation / new construction / re-occupation criteria.
- Funding Amount
- Most aggressive reduction: 10% assessment ratio for 12 years, 15% in year 13, 20% in year 14 — extended incentive period vs standard 12 years. ~60–65% property tax savings over 14-year incentive period. Greatest absolute dollar value of any Cook County classification.
- Deadline
- Application required prior to qualifying construction, rehab, or re-occupation. Resolution of Support from municipality required.
- Status
- open
- Geographic Scope
- Illinois only
- Project Types
- real_estate, industrial, commercial, manufacturing
- Client Types
- commercial
- Notes
- For evlv.energy clients: HIGHEST VALUE Cook County classification for properties in eligible south Cook townships. Verify property location is in designated Class 8 township before recommending. Stack with: federal OZ (most Class 8 townships overlap with OZ tracts), IL Brownfield (former industrial sites common), §179D, MACRS, Cook County C-PACE financing. Total stack on a properly-positioned industrial redevelopment in south Cook can recover 70%+ of project cost.
Source: Grantya research. Confirm current terms with the administering agency before applying.