Cook County Property Tax Assessor Est Mkt Value

[Jon Rusnak]

Hello BP!

I'm looking at a property in cook county, IL and noted that the assessor's office is using an estimated market value that is greater than the listing price on the property.  Assuming the purchase price is less than the estimated market value will the Cook County Assessors Office then use the actual purchase price?  I'm trying to recalculate the property taxes with the exemptions that I would be entitled to which differ from the current home owners.

Thanks in advance