221 Murphy Lake Ln | Zillow.com
221 Murphy Lake Ln | Zillow.com
If you’re looking to pay top dollar in Park Ridge, prices range from $1.1 million to $1.7 million, according to real estate site Zillow.
A 9,000-square-foot home listed for $1.7 million has been on the market for five days. Property taxes at that address were reported to be $76,936 in 2016 – an effective tax rate of 1.67 percent.
The effective property tax rate refers to the percentage of a home's value the owner pays in property taxes each year. In Illinois, the average homeowner pays 2.3 percent of their home value in property taxes – much higher than homeowners in Indiana (0.87 percent) and Colorado (0.60 percent).
What rates will high-end buyers pay?
--
Most Expensive Homes for Sale in Park Ridge
| Address | Beds | Baths | Square Feet | Asking Price | Days on Zillow | Price per Square Foot |
| 221 Murphy Lake Ln | 5 | 6 | 9,000 | $1,699,000 | 5 | $189 |
| 403 Cedar St | 4 | 5 | 4,134 | $1,495,000 | 239 | $362 |
| 2090 W Touhy Ave | 4 | 6 | 6,032 | $1,485,000 | 677 | $246 |
| 109 Murphy Lake Rd | 4 | 5 | 5,500 | $1,449,900 | 48 | $264 |
| 505 S Fairview Ave | 5 | 5 | 4,800 | $1,439,000 | 23 | $300 |
| 505 S Fairview Ave | 5 | 5 | 4,800 | $1,439,000 | 23 | $300 |
| 518 Grand Blvd | 5 | 5 | 3,226 | $1,399,000 | 34 | $434 |
| 333 Murphy Lake Ln | 4 | 3 | 2,800 | $1,340,000 | 1058 | $479 |
| 323 S Vine Ave | 5 | 5 | 6,100 | $1,299,000 | 10 | $213 |
| 2081 De Cook Ave | 5 | 5 | 4,600 | $1,275,000 | 29 | $277 |
| 113 Murphy Lake Rd | 4 | 4 | 4,600 | $1,250,000 | 217 | $272 |
| 512 S Knight Ave | 5 | 4 | 4,000 | $1,249,000 | 10 | $312 |
| 716 Austin Ave | 6 | 5 | 3,500 | $1,199,000 | 903 | $343 |
| 2349 S De Cook Ct | 5 | 7 | 5,720 | $1,149,900 | 22 | $201 |
| 841 S Cumberland Ave | 4 | 4 | 4,500 | $1,099,000 | 44 | $244 |
Upper Bracket: Park Ridge Effective Property Tax Rates
| Address | Asking Price | 2016 Taxes | Effective Tax Rate at Ask |
| 221 Murphy Lake Ln | $1,699,000 | $54,598 | 3.21% |
| 2349 S De Cook Ct | $1,149,900 | $27,802 | 2.42% |
| 2090 W Touhy Ave | $1,485,000 | $30,966 | 2.09% |
| 109 Murphy Lake Rd | $1,449,900 | $29,496 | 2.03% |
| 2081 De Cook Ave | $1,275,000 | $24,179 | 1.90% |
| 323 S Vine Ave | $1,299,000 | $22,007 | 1.69% |
| 403 Cedar St | $1,495,000 | $24,197 | 1.62% |
| 518 Grand Blvd | $1,399,000 | $19,612 | 1.40% |
| 333 Murphy Lake Ln | $1,340,000 | 17,724 | 1.32% |
| 113 Murphy Lake Rd | $1,250,000 | $14,491 | 1.16% |
| 716 Austin Ave | $1,199,000 | $8,246 | 0.69% |
| 841 S Cumberland Ave | $1,099,000 | $2,839 | 0.26% |
Alerts Sign-up