On Sept. 2, 2020, Federal National Mortgage Association sold their home at 11264 S. May St., Chicago to Anton Tonchev for $40,500.
The property tax paid for this property in 2019 was $1,965.40. This is 4.85% of the sale price of the home.
In September 2020, this is the only property that sold in Morgan Park as of this publication.
This story was found on BlockShopper.com.
Streeterville, a Chicago neighborhood, saw its effective property tax rate rise from 1.1% in 2016 to 1.7% by 2025—a jump of 0.6 percentage points in 10 years, BlockShopper.com reports.
In the fourth quarter of 2025, Boystown homeowners in Chicago faced property taxes amounting to 1.5% of their home’s value, ranking the neighborhood considerably above the national average, BlockShopper.com reports.
Old Town’s effective property tax rate increased from 1.3% in 2016 to 1.7% in 2025, a rise of 0.4 percentage points over a decade, according to BlockShopper.com.
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