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Saturday, November 23, 2024

Analysis: Cook County effective property tax rates outpaced the national average in Q2 2023

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Property owners in Cook County paid 2% of the value of their homes in property taxes in the second quarter of 2023, which is more than 1.8 times the national average, according to the real estate analysis posted by North Cook News.

The median sales price of a Cook County home in the second quarter of 2023 was $295,000, based on data from the 16,569 properties sold during that time. In 2023, the median tax bill for the county was $5,838, which is 2% of the median value of the homes that were taxed.

This is 1.8 times higher than the average effective property tax rate of 1.11% in the U.S. in 2023.

The analysis of Cook County real estate data showed homeowners in Harvey, Markham, and Burnham paid the highest rates.

The above article calculates the effective property tax rate for 2023 using estimated inflation values and 2022 tax data provided by the county. In some cases, the actual effective property tax rate may vary slightly.

The following table compares Harvey with some other cities belonging to Cook County by their median effective property tax rate, calculated using sales and property tax data from the second quarter of 2023.

CityQ2 2023 SalesQ2 2023 Median PriceMedian tax 2023Effective tax rate
Harvey67$56,000$2,9625.3%
Markham63$86,000$4,1334.8%
Burnham12$107,500$4,8534.5%
Park Forest105$130,000$5,6004.3%
Dolton123$131,000$5,3924.1%
Country Club Hills77$166,000$6,3763.8%
Hazel Crest58$134,500$5,0253.7%
Blue Island36$116,750$4,2283.6%
Oak Park250$375,000$12,7623.4%
Calumet City136$145,750$4,8323.3%
Ford Heights3$75,000$2,4403.3%
Flossmoor36$305,000$10,0603.3%
River Forest51$499,000$16,5703.3%
Matteson69$205,000$6,8443.3%
Olympia Fields21$308,000$9,8613.2%
Maywood69$233,500$7,5533.2%
Riverdale56$110,000$3,4093.1%
Worth40$169,250$5,2153.1%
Richton Park56$178,000$5,5243.1%
South Holland93$213,000$6,3023%
Glenwood47$167,000$5,0853%
Bellwood68$232,000$6,9353%
Chicago Ridge53$130,000$3,9173%
Homewood106$212,750$6,0772.9%
Thornton8$138,250$3,9012.8%
Riverside45$465,000$13,0952.8%
Berkeley23$264,500$7,3582.8%
Buffalo Grove84$254,500$7,0602.8%
Lansing110$182,500$4,8502.7%
Lynwood26$212,500$5,8302.7%
Oak Forest105$251,500$6,7962.7%
Forest Park75$255,000$7,0002.7%
Stone Park7$255,000$6,7822.7%
Schiller Park35$235,000$6,0102.6%
Bartlett59$325,000$8,5092.6%
Barrington Hills8$791,000$20,0522.5%
Tinley Park229$266,000$6,7522.5%
Berwyn152$310,000$7,6052.5%
Cicero119$255,000$6,2772.5%
Northlake24$224,500$5,6682.5%
Bridgeview51$248,000$6,2402.5%
Hillside21$260,000$6,5422.5%
Palos Park27$362,500$8,8202.4%
Midlothian63$220,000$5,2252.4%
Hickory Hills34$267,500$6,5522.4%
Alsip74$225,500$5,3832.4%
Broadview28$231,000$5,5522.4%
Inverness31$660,000$15,0082.3%
Posen29$150,000$3,4972.3%
Chicago Heights102$181,000$4,1952.3%
Elmwood Park83$340,000$7,9102.3%
River Grove32$275,250$6,3422.3%
Lyons37$210,000$4,8232.3%
Summit19$245,000$5,7142.3%
Brookfield84$324,000$7,5852.3%
Hoffman Estates155$354,000$7,6312.2%
Orland Hills13$291,000$6,2912.2%
Phoenix10$112,500$2,4702.2%
East Hazel Crest2$184,000$4,0402.2%
Palatine277$320,000$7,1532.2%
Arlington Heights294$387,500$8,7152.2%
Justice23$247,000$5,4392.2%
Palos Heights71$350,000$7,5392.2%
La Grange Park45$405,000$9,0652.2%
Morton Grove97$360,000$7,9062.2%
Glencoe42$1,092,500$23,5012.2%
Forest River2$337,500$7,3952.2%
Northbrook159$552,500$11,9582.2%
Streamwood141$265,000$5,8922.2%
Hanover Park46$291,000$6,2832.2%
Roselle6$296,000$6,3652.2%
Evergreen Park85$257,000$5,6212.2%
Burbank89$265,000$5,7172.2%
Stickney24$260,250$5,7272.2%
Orland Park255$340,000$7,2242.1%
South Chicago Heights14$135,000$2,7842.1%
Rolling Meadows91$285,000$6,0622.1%
Schaumburg304$282,500$6,0372.1%
Mount Prospect191$385,000$8,0772.1%
Evanston253$395,000$8,4252.1%
Elgin74$250,000$5,1502.1%
Oak Lawn262$250,000$5,2822.1%
Sauk Village50$134,500$2,6862%
Franklin Park49$283,000$5,6492%
Melrose Park39$275,000$5,4342%
Park Ridge165$500,000$9,8892%
Palos Hills72$217,500$4,3922%
Westchester92$311,250$6,1342%
North Riverside29$310,000$6,1852%
Wheeling106$276,500$5,6062%
South Barrington17$960,000$18,5241.9%
Dixmoor6$73,000$1,3911.9%
Willow Springs23$356,000$6,7641.9%
Crestwood49$161,000$2,9841.9%
Burr Ridge31$575,000$11,1331.9%
Hinsdale11$985,000$18,9591.9%
Western Springs57$650,000$12,3331.9%
La Grange70$606,000$11,2381.9%
Countryside22$292,500$5,5801.9%
Bedford Park2$307,500$5,7171.9%
Des Plaines279$265,000$5,1191.9%
Elk Grove Village118$325,000$6,0771.9%
Northfield33$665,000$12,7171.9%
Skokie190$380,000$7,0521.9%
Lincolnwood50$465,000$8,7321.9%
Barrington36$550,000$9,6461.8%
Lemont67$410,000$7,5851.8%
Niles90$340,000$6,2891.8%
Robbins8$122,500$2,2281.8%
Prospect Heights44$408,500$7,3671.8%
Hometown17$190,000$3,3901.8%
Norridge53$355,500$6,1281.7%
Harwood Heights24$360,000$6,1201.7%
Indian Head Park37$330,000$5,4611.7%
La Grange Highlands10$425,000$7,0301.7%
Glenview240$575,000$9,8191.7%
Calumet Park15$187,000$3,0891.7%
Wilmette131$865,000$14,6681.7%
Winnetka71$1,442,500$25,1611.7%
Elmhurst2$237,500$3,7821.6%
Kenilworth17$2,150,000$34,2741.6%
Merrionette Park6$202,000$3,1911.6%
Chicago7,537$305,000$4,6211.5%
Glenbrook Countryside6$549,500$8,1771.5%
Steger21$165,000$2,0141.2%
Rosemont2$612,500$6,8471.1%
Mission Hills Estates9$515,000$5,9041.1%
Deercrest Estates3$686,000$6,1100.9%

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