Cook County Value

550 Tracy Ter, Des Plaines, IL 60016

3 bed / 2 bath, 1,348 sqft, built 1977, in Maine. Assessor market value for 2026: $400,000.

Cook County account 09072130080000

Possibly too high

about $14,000

8 similar homes nearby point to a value about $14,000 lower than yours.

Assessor market value$400,000
Similar homes$385,878
$14,122 gap · bars start at $0

How sure: High · 8 similar homes (5 shown below) · public records only

Assessor market value
$400,000
Tax year 2026 · before exemptions; the assessed value on your notice is 10% of it
Living area
1,348 sqft
$297 per sqft
Year built
1977
Average quality

Why we think so

Similar homes' assessments

Moderate

7 of 8 similar homes are assessed lower per square foot. Their similarity-weighted median is $286.26/sqft, which supports a value of $385,878.

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 60016 and Maine assessment pages.

Local guide: Maine Township 2026 Property Tax Appeal Guide.

Appeal deadlines

The 2026 appeal windows for Maine have closed (Assessor , Board of Review ). 2027 notices usually start in March.

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 $400,000 in 2025 to $400,000 in 2026.
  • Assessor market value per square footThe current public record shows about $297 per square foot before any comparable-property adjustments.
  • Nearby comparison areaThis page starts the equity review with public records for the Maine neighborhood and ZIP 60016.
  • Neighborhood value signalAmong 544 residential records in the same neighborhood, the average assessor market value is about $239 per square foot.
  • Area year-over-year signalNearby residential records with prior-year values moved about -1.2% on average.

Comparable assessments

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

  • 298 S Anita St, Des Plaines, IL 60016
    1,376 sqft | $259/sqft | built 1977 | Similar size (1,376 vs 1,348 sqft); Built same year (1977); Similar lot size (6,820 vs 6,875 sqft)
    $356,210
  • 148 Harding Ave, Des Plaines, IL 60016
    1,344 sqft | $286/sqft | built 1981 | Similar size (1,344 vs 1,348 sqft); Similar age (1981 vs 1977); Similar lot size (6,882 vs 6,875 sqft)
    $384,500
  • 507 Jon Ln, Des Plaines, IL 60016
    1,338 sqft | $286/sqft | built 1977 | Similar size (1,338 vs 1,348 sqft); Built same year (1977); Similar lot size (6,875 vs 6,875 sqft)
    $383,010
  • 439 Tracy Ter, Des Plaines, IL 60016
    1,338 sqft | $306/sqft | built 1977 | Similar size (1,338 vs 1,348 sqft); Built same year (1977); Similar lot size (6,875 vs 6,875 sqft)
    $410,000
  • 405 Simone Dr, Des Plaines, IL 60016
    1,338 sqft | $272/sqft | built 1978 | Similar size (1,338 vs 1,348 sqft); Similar age (1978 vs 1977); Similar lot size (6,875 vs 6,875 sqft)
    $363,480

Recent comparable sales

Sales selected by similarity to the subject property.

Public appraisal comparison for 2026. 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

No change in 2026 from 2025.

Assessor market value by tax year, with the change from the previous year listed
Tax yearAssessor market valueChangeChange %
2026$400,000$00.0%
2025$400,000+$60,000+17.6%
2024$340,000$00.0%
2023$340,000$00.0%
2022$340,000+$64,100+23.2%
2021$275,900$00.0%
2020$275,900——
6-year total+$124,100+45.0%