To the Editor:
I did not know that I lived in one of the hottest, hippest, most quickly gentrifying neighborhoods of the city. I thought that I lived in a solid, pleasant (if a bit stodgy) middle-class part of town.But Joseph Berrios, the Assessor, corrected my misperceptions by upping the market value of my house by over 36% — without me doing anything but cutting the grass. He says that I can get a million dollars for my house in the blink of an eye, no questions asked. No speculation. Nice.
Mr. Berrios is a fair-kind-of guy. He seems to have done the same to all my immediate neighbors – as well as Hyde Park and Kenwood generally. According to his website , the medium change for all of Hyde Park and Kenwood is 25.22%* The Chicago Tribune this last week reported that residential values in Chicago are essentially stalled – a 0.2% increase this last year with condominium values actually falling. I am so glad that we on the South Side are so out-performing all the rest of Chicago and that I am dramatically out-pacing most of most you.
But I have my doubts. I just put in an appeal to the Cook County Board of Appeals – based on the discrepancy between media reports and the Assessor’s finding of property value. I would encourage others to do the same. It is simple to do on line. No lawyer needed. But make sure that you mark that you want to be at the hearing. Then we can all find out how the Assessor’s Office determined that we are one of the hottest, hippest, most quickly gentrifying neighborhoods of the Chicago.
A Hip (but not Hot) Kenwood Resident
*The statistics are for the Assessor’s Neighborhood 20, which I found out is bounded by 47th on the North, Lake Michigan to the East, 59th to the South and Cottage Grove on the West.