Cook County Value

296 N Elmwood Ln, Palatine, IL 60067

4 bed / 2 bath, 2,046 sqft, built 1963, in Schaumburg Assessor market value for 2025: $500,010.

Cook County account 07012000330000

Assessor market value
$500,010
Tax year 2025 · before exemptions; the assessed value on your notice is 10% of it
Living area
2,046 sqft
$244 per sqft
Year built
1963
Average quality

Compare this assessment

Start with the county value and property facts, then review appraisal comps, recent sales, and prior-year changes to decide whether the assessment is worth challenging. The comps on this page are free to review; email sign-in is only used to save a printable report.

For nearby context, browse ZIP 60067 and Schaumburg assessment pages.

Appeal deadlines

Schaumburg 2026 appeal dates have not been published yet.

Deadline rule: Set by township: file with the Assessor by your township's last file date, and with the Board of Review while your township is open there. Evidence is reviewed by the Cook County Assessor's Office or, in a separate appeal, by the Cook County Board of Review. Dates checked against the official source.

Assessment snapshot

These public CCAO records highlight what may be worth checking before you file.

  • Assessment changeThe assessor market value stayed about the same, from $500,010 in 2024 to $500,010 in 2025.
  • Assessor market value per square footThe current public record shows about $244 per square foot before any comparable-property adjustments.
  • Nearby comparison areaThis page starts the equity review with public records for the Schaumburg neighborhood and ZIP 60067.
  • Neighborhood value signalAmong 41 residential records in the same neighborhood, the average assessor market value is about $228 per square foot.
  • Area year-over-year signalNearby residential records with prior-year values stayed about flat on average.

Comparable assessments

Showing 5 of the 8 similar homes in this property's equity comparison, from public appraisal records.

  • 2331 S Circle Dr, Palatine, IL 60067
    2,041 sqft | $235/sqft | built 1965 | Similar size (2,041 vs 2,046 sqft); Similar age (1965 vs 1963); Lot 14% smaller (22,259 vs 25,787 sqft)
    $480,010
  • 2333 S Westwood Ln, Palatine, IL 60067
    2,153 sqft | $232/sqft | built 1966 | 5% larger (2,153 vs 2,046 sqft); Similar age (1966 vs 1963); Similar lot size (23,870 vs 25,787 sqft)
    $500,000
  • 315 S Circle Dr, Palatine, IL 60067
    2,047 sqft | $244/sqft | built 1960 | Similar size (2,047 vs 2,046 sqft); Similar age (1960 vs 1963); Same quality (Average)
    $500,000
  • 303 S Elmwood Ln, Palatine, IL 60067
    2,034 sqft | $236/sqft | built 1965 | Similar size (2,034 vs 2,046 sqft); Similar age (1965 vs 1963); Lot 13% smaller (22,476 vs 25,787 sqft)
    $479,820
  • 272 S Circle Dr, Palatine, IL 60067
    2,350 sqft | $213/sqft | built 1965 | 15% larger (2,350 vs 2,046 sqft); Similar age (1965 vs 1963); Similar lot size (24,872 vs 25,787 sqft)
    $500,000

Recent comparable sales

Sales selected by similarity to the subject property.

  • 1703 Durham Dr Inverness, IL 60067
    2,000 sqft | $370/sqft | built 1959 | Similar size (2,000 sqft); Moderate age difference (4 years older); Within 1 bedroom (3 vs 4)
    $740,000

Public appraisal comparison for 2025. Prepared . Appraisal source: Cook County Assessor's Office. Sales data checked in this snapshot: . Matches consider available size, age, location and property characteristics. How comparisons work.

Value history

Up 16.3% in 2025 from 2024.

Assessor market value by tax year, with the change from the previous year listed
Tax yearAssessor market valueChangeChange %
2025$500,010+$70,000+16.3%
2024$430,010$00.0%
2023$430,010$00.0%
2022$430,010+$46,290+12.1%
2021$383,720+$200.0%
2020$383,700——
5-year total+$116,310+30.3%