Abstract
This article presents an empirical study of the selling prices of 419 industrial properties near O'Hare Airport in Cook and DuPage Counties in metropolitan Chicago that were sold during 2001-2004. The results show that selling price per square foot is a function of property characteristics and location in Cook County. The property tax rate was higher in Cook County by 2.63% of market value, and comparable properties sold for 16.2% less in Cook County than in adjacent DuPage County.
| Original language | American English |
|---|---|
| Journal | Appraisal Journal |
| Volume | 74 |
| State | Published - Jul 1 2006 |
Keywords
- Industrial property
- Market value
- Property tax
- Real property
Disciplines
- Business
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