Cook County Assessor Fritz Kaegi owns a million-dollar, 120-year-old Prairie-style, two-story home on a spacious corner lot on the eastern side of Oak Park’s Frank Lloyd Wright Historic District.
Within a five-block area of Kaegi’s residence, neighbors with similar homes saw their properties’ assessed value — used to figure local property taxes — increase by an average of 32% this year compared with 2020 in the every-three-year reassessment of Oak Park Township.
But the home of Kaegi, in his fifth year as the person responsible for running the office that decides the value of homes ahead of Cook County property tax bills being mailed, saw the assessed value of his home drop by 5.3%, county records show.