Oak Park property value assessments increase by average of 25%

Oak Park property value assessments increase by average of 25%

Oak Park and River Forest property owners received their triennial property tax reassessment notices from the county earlier this month.  As a whole, the tax values of commercial and residential properties in Oak Park increased by 25% on the median, according to Oak Park Township Accessor Ali El Saffar. But that doesn’t mean that residents’ property tax bills will actually increase by a fourth, El Saffar said.  “What we always have to educate mo…