ccao-jardine
commented
1 day ago Howdy! The CCAO has actually been working on this update to these mixed use class 3-18s since 2023 (see the bottom of this page).
what is the other classification that the property will have?
It depends; the basic idea is that if eligible to become a split class, then the residential portion will have a residential property class (typically, 2-36 or 3-97, depending on if the unit count exceeds 6) and the commercial portion will have a commercial property class (typically 5-17, but a 5-92 if more than one story, or other classes depending on the property).
what data shows the assessment for each part of the property's improvements?
Because these are income-producing properties, you can find data about their assessments on the Commercial Methodology Worksheets. As an example, for North Chicago, the Methodology Worksheet has a tab specifically to identify the split class properties. Each property has two rows: one for the residential portion, the other for the commercial portion.
You can also see the property class codes for each portion on the Assessor Property Detail page (the "big blue button" accessible from a PIN detail page). In the example I've linked, if you click on "Commercial Building" you can scroll through the "1 of 2 >" to see data for each portion.
Does that help?
FWIW, none of these are assessed by our residential AVM, so I moved it from that repo to this one.
earlier this year CCAO updated its policy on how it will assess certain split classification mixed-use buildings. I believe the classification is 3-18.
my question is: what is the other classification that the property will have? what data shows the assessment for each part of the property's improvements?