Editor’s note: Opinion content expressed by columnists is solely the opinion of that person and not the Daily Journal. Indiana uses an assessment standard for property taxes called “market value in ...

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.

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Indiana uses an assessment standard for property taxes called “market value in use.” The assessment is the value of the property decided by the county assessor for tax purposes. It’s a prediction of ...