Chicago City Wire

Property owners in Greater Grand Crossing paid nearly 3.2 percent of the value of their homes in taxes last year. That’s 2.69 times the national average, according to an LGIS analysis of real estate sales data in Chicago’s South Side from Jan 1. to June 30.

Local Government Information Service (LGIS) publishes Chicago City Wire.

Greater Grand Crossing, population 32,346, recorded a median sale price of $75,000 based on data from the 292 properties sold during the first half of 2018. In 2017, homeowners paid a median property tax bill of $2,396, according to county tax data from the Cook County Assessor’s Office.

That’s 3.2 percent of the community’s median home value. In the U.S., the average effective property tax rate is 1.19 percent.

Put another way: a $75,000 home in Indiana, where the effective rate is 0.89 percent, would have a property tax bill of about $668, or $1,729 less per year.

The analysis, including 44 Chicago South Side communities, shows homeowners in Englewood, Greater Grand Crossing, West Pullman, South Deering, and West Englewood pay the highest property taxes in the region, each clocking in with effective rates of 2.8 to 4.9 percent.

Illinois homeowners pay the second-highest property taxes in the country with an effective median rate of 2.32 percent, just behind those in New Jersey (2.28 percent).

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Top Property Rates in Chicago’s South Side

The following table ranks Chicago’s South Side communities by their median effective property tax rate, calculated using sales and property tax data from 2018.

Data table 1 = effective property tax rate

Source: BlockShopper.com; Cook County Assessor’s Office

Median Sales Prices in Chicago’s South Side

The following table ranks Chicago’s South Side cities by the year-over-year change in median sale price, which is calculated using prices of properties sold during the first six months of 2018.

Data table 2 = sale comparison over 1 year

Sources: Blockshopper.com; Cook County Recorder of Deeds