The house located at 10947 S. Ave. in the East Side, currently offered for $145K, had a 2016 property tax bill of $2,085. | zillow.com
The house located at 10947 S. Ave. in the East Side, currently offered for $145K, had a 2016 property tax bill of $2,085. | zillow.com
Property owners in East Side paid nearly 1.75 percent of the value of their homes in taxes last year. That’s 1.47 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.
East Side, population 23,784, recorded a median sale price of $104,500 based on data from the 124 properties sold during the first half of 2018. In 2017, homeowners paid a median property tax bill of $1,832, according to county tax data from the Cook County Assessor’s Office.
That’s 1.75 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 $104,500 home in Indiana, where the effective rate is 0.89 percent, would have a property tax bill of about $930, or $902 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's (2.28 percent).
--
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.
Neighborhood | Jan - June 2018 Sales | Jan - June 2018 Median Price | Median tax | Effective Tax Rate |
Englewood | 289 | $40,000 | $1,948 | 4.87% |
Greater Grand Crossing | 292 | $75,000 | $2,396 | 3.20% |
West Pullman | 239 | $55,000 | $1,612 | 2.93% |
South Deering | 90 | $48,000 | $1,403 | 2.92% |
West Englewood | 163 | $50,000 | $1,407 | 2.81% |
South Chicago | 191 | $81,000 | $2,258 | 2.79% |
Back of the Yards | 136 | $75,000 | $2,088 | 2.78% |
Roseland/Pullman | 363 | $66,500 | $1,776 | 2.67% |
Burnside | 150 | $80,500 | $2,036 | 2.53% |
Riverdale/Altgeld Gardens | 2 | $46,750 | $1,146 | 2.45% |
Brainerd | 206 | $85,500 | $1,988 | 2.33% |
Gresham | 395 | $90,000 | $2,018 | 2.24% |
Woodlawn | 163 | $128,000 | $2,781 | 2.17% |
Calumet Heights | 216 | $100,000 | $2,096 | 2.10% |
Washington Heights | 60 | $90,000 | $1,800 | 2.00% |
Canaryville/Fuller Park | 48 | $157,000 | $3,103 | 1.98% |
South Shore | 256 | $108,500 | $2,096 | 1.93% |
Chatham | 108 | $131,500 | $2,435 | 1.85% |
Marquette Park | 184 | $122,500 | $2,218 | 1.81% |
East Side | 124 | $104,500 | $1,832 | 1.75% |
Brighton Park | 124 | $171,250 | $2,996 | 1.75% |
Morgan Park | 164 | $158,500 | $2,737 | 1.73% |
Wrightwood | 88 | $140,000 | $2,391 | 1.71% |
Beverly | 150 | $286,000 | $4,830 | 1.69% |
Chicago Lawn | 70 | $130,000 | $2,140 | 1.65% |
Hegewisch | 49 | $126,000 | $2,073 | 1.65% |
Mount Greenwood | 137 | $231,000 | $3,689 | 1.60% |
Gage Park | 107 | $135,000 | $2,077 | 1.54% |
McKinley Park | 54 | $247,500 | $3,760 | 1.52% |
Washington Park | 53 | $140,000 | $2,086 | 1.49% |
Kenwood | 73 | $267,000 | $3,949 | 1.48% |
Chinatown | 13 | $280,000 | $4,063 | 1.45% |
Bridgeport | 187 | $353,000 | $5,100 | 1.44% |
Garfield Ridge | 294 | $215,000 | $3,052 | 1.42% |
Clearing | 147 | $215,000 | $3,024 | 1.41% |
West Elsdon | 60 | $185,000 | $2,601 | 1.41% |
West Lawn | 175 | $194,500 | $2,729 | 1.40% |
Hyde Park | 182 | $237,500 | $3,185 | 1.34% |
Ashburn | 120 | $166,000 | $2,221 | 1.34% |
Archer Heights | 71 | $220,000 | $2,920 | 1.33% |
Scottsdale | 104 | $196,500 | $2,595 | 1.32% |
Bronzeville | 212 | $215,500 | $2,771 | 1.29% |
South Loop | 516 | $327,000 | $3,998 | 1.22% |
Oakland | 40 | $160,250 | $1,443 | 0.90% |
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.
Neighborhood | Jan - June 2017 Sales | Jan - June 2017 Median Price | Jan - June 2018 Sales | Jan - June 2018 Median Price | Change |
Riverdale/Altgeld Gardens | 4 | $21,250 | 2 | $46,750 | 120.00% |
West Englewood | 125 | $27,000 | 163 | $50,000 | 85.19% |
Washington Park | 40 | $81,500 | 53 | $140,000 | 71.78% |
Englewood | 247 | $25,000 | 289 | $40,000 | 60.00% |
West Pullman | 188 | $36,500 | 239 | $55,000 | 50.68% |
Oakland | 49 | $110,000 | 40 | $160,250 | 45.68% |
Back of the Yards | 120 | $52,250 | 136 | $75,000 | 43.54% |
South Chicago | 148 | $59,500 | 191 | $81,000 | 36.13% |
Roseland/Pullman | 267 | $50,000 | 363 | $66,500 | 33.00% |
South Deering | 79 | $36,500 | 90 | $48,000 | 31.51% |
Washington Heights | 49 | $69,000 | 60 | $90,000 | 30.43% |
Chicago Lawn | 58 | $105,000 | 70 | $130,000 | 23.81% |
McKinley Park | 57 | $200,000 | 54 | $247,500 | 23.75% |
Marquette Park | 196 | $100,500 | 184 | $122,500 | 21.89% |
Burnside | 127 | $67,500 | 150 | $80,500 | 19.26% |
Calumet Heights | 212 | $85,000 | 216 | $100,000 | 17.65% |
Canaryville/Fuller Park | 47 | $135,000 | 48 | $157,000 | 16.30% |
South Shore | 219 | $95,000 | 256 | $108,500 | 14.21% |
East Side | 112 | $94,500 | 124 | $104,500 | 10.58% |
Gresham | 306 | $81,750 | 395 | $90,000 | 10.09% |
Chatham | 145 | $120,000 | 108 | $131,500 | 9.58% |
Clearing | 159 | $197,000 | 147 | $215,000 | 9.14% |
Bridgeport | 201 | $325,000 | 187 | $353,000 | 8.62% |
Archer Heights | 58 | $203,500 | 71 | $220,000 | 8.11% |
West Lawn | 193 | $180,000 | 175 | $194,500 | 8.06% |
Hyde Park | 167 | $220,000 | 182 | $237,500 | 7.95% |
Scottsdale | 115 | $184,000 | 104 | $196,500 | 6.79% |
West Elsdon | 70 | $174,000 | 60 | $185,000 | 6.32% |
Beverly | 167 | $270,000 | 150 | $286,000 | 5.93% |
Garfield Ridge | 264 | $205,000 | 294 | $215,000 | 4.88% |
Bronzeville | 253 | $206,500 | 212 | $215,500 | 4.36% |
Chinatown | 23 | $270,000 | 13 | $280,000 | 3.70% |
Greater Grand Crossing | 225 | $73,000 | 292 | $75,000 | 2.74% |
Mount Greenwood | 146 | $226,750 | 137 | $231,000 | 1.87% |
Hegewisch | 44 | $125,000 | 49 | $126,000 | 0.80% |
Brighton Park | 114 | $170,000 | 124 | $171,250 | 0.74% |
Ashburn | 120 | $165,000 | 120 | $166,000 | 0.61% |
Morgan Park | 141 | $161,000 | 164 | $158,500 | -1.55% |
Wrightwood | 64 | $142,500 | 88 | $140,000 | -1.75% |
South Loop | 560 | $345,000 | 516 | $327,000 | -5.22% |
Kenwood | 65 | $295,000 | 73 | $267,000 | -9.49% |
Gage Park | 87 | $155,000 | 107 | $135,000 | -12.90% |
Brainerd | 196 | $99,500 | 206 | $85,500 | -14.07% |
Woodlawn | 135 | $150,000 | 163 | $128,000 | -14.67% |
Sources: Blockshopper.com; Cook County Recorder of Deeds