Bronzeville, a neighborhood in Chicago, experienced an increase in its effective property tax rate from 1.4% in 2016 to 1.7% in 2025, marking a rise of 0.3 percentage points over a decade, according to BlockShopper.com.
During this period, the average effective property tax rate across Chicago remained at 1.4% in 2025, unchanged from 2016. Bronzeville’s 2025 rate outpaced the city average that year.
Of the 110 Chicago neighborhoods examined, Bronzeville saw the 22nd smallest change in effective property tax rates between 2016 and 2025.
Bronzeville ranked 44th citywide for its 2025 effective property tax rate of 1.7%, compared to other Chicago neighborhoods.
This rate is 1.9 times higher than the national average effective property tax rate of 0.888% in the U.S. for 2024.
U.S. median home prices increased in 2025, with the national median rising to approximately $447,000 as of June, or 1.13% higher than a year earlier, according to Redfin. Data also indicated a notable gap in supply and demand, with 36% more sellers than buyers, amounting to a difference of 508,715 homes. Redfin defines a balanced market as one in which the number of sellers and buyers are within 10% of each other.
Homeowners may experience higher property tax bills even if tax rates drop or hold steady, provided home values go up. Tax assessments are based on both the rate and the assessed property value, so home price gains can translate into larger tax obligations, even when local governments lower rates. A Lincoln Institute of Land Policy analysis found that the average effective property tax rate on a median-priced home in the largest U.S. cities fell more than 5% from 2023 to 2024.
Meanwhile, growth in property values has widened tax bases in multiple areas. Because property taxes are based on market value, hikes in home prices can generate higher tax bills despite lower or steady rates. Studies of U.S. housing markets indicate that a 1% rise in the median home value leads, on average, to a 0.71% decline in the effective tax rate, pointing to how substantial price growth often lowers rates while allowing local governments to increase revenue.
| Year | Effective Property Tax Rate |
|---|---|
| 2025 | 1.7% |
| 2024 | 1.7% |
| 2023 | 1.5% |
| 2022 | 1.3% |
| 2021 | 1.5% |
| 2020 | 1.1% |
| 2019 | 1.3% |
| 2018 | 1.4% |
| 2017 | 1.3% |
| 2016 | 1.4% |
Information for this article came from BlockShopper.com. Source data can be found here.
