Quantcast

Chicago City Wire

Sunday, December 22, 2024

Analysis: Archer Heights pays property taxes 1.12 times national average

Archerheights

The house located at 4329 S. Karlov Ave. in Archer Heights, currently offered for $238K, had a 2016 property tax bill of $3,280. | zillow.com

The house located at 4329 S. Karlov Ave. in Archer Heights, currently offered for $238K, had a 2016 property tax bill of $3,280. | zillow.com

Property owners in Archer Heights paid nearly 1.33% percent of the value of their homes in taxes last year. That’s 1.12 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.

Archer Heights, population 13,266, recorded a median sale price of $220,000 based on data from the 71 properties sold during the first half of 2018. In 2017, homeowners paid a median property tax bill of $2,920, according to county tax data from the Cook County Assessor’s Office.

That’s 1.33 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 $220,000 home in Indiana, where the effective rate is 0.89 percent, would have a property tax bill of about $1,958, or $962 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.

NeighborhoodJan - June 2018 SalesJan - June 2018 Median PriceMedian taxEffective Tax Rate
Englewood289$40,000$1,9484.87%
Greater Grand Crossing292$75,000$2,3963.20%
West Pullman239$55,000$1,6122.93%
South Deering90$48,000$1,4032.92%
West Englewood163$50,000$1,4072.81%
South Chicago 191$81,000$2,2582.79%
Back of the Yards136$75,000$2,0882.78%
Roseland/Pullman363$66,500$1,7762.67%
Burnside150$80,500$2,0362.53%
Riverdale/Altgeld Gardens2$46,750$1,1462.45%
Brainerd206$85,500$1,9882.33%
Gresham395$90,000$2,0182.24%
Woodlawn163$128,000$2,7812.17%
Calumet Heights 216$100,000$2,0962.10%
Washington Heights60$90,000$1,8002.00%
Canaryville/Fuller Park48$157,000$3,1031.98%
South Shore256$108,500$2,0961.93%
Chatham108$131,500$2,4351.85%
Marquette Park184$122,500$2,2181.81%
East Side124$104,500$1,8321.75%
Brighton Park124$171,250$2,9961.75%
Morgan Park 164$158,500$2,7371.73%
Wrightwood88$140,000$2,3911.71%
Beverly 150$286,000$4,8301.69%
Chicago Lawn70$130,000$2,1401.65%
Hegewisch49$126,000$2,0731.65%
Mount Greenwood137$231,000$3,6891.60%
Gage Park107$135,000$2,0771.54%
McKinley Park54$247,500$3,7601.52%
Washington Park53$140,000$2,0861.49%
Kenwood73$267,000$3,9491.48%
Chinatown13$280,000$4,0631.45%
Bridgeport187$353,000$5,1001.44%
Garfield Ridge294$215,000$3,0521.42%
Clearing147$215,000$3,0241.41%
West Elsdon60$185,000$2,6011.41%
West Lawn175$194,500$2,7291.40%
Hyde Park182$237,500$3,1851.34%
Ashburn 120$166,000$2,2211.34%
Archer Heights71$220,000$2,9201.33%
Scottsdale104$196,500$2,5951.32%
Bronzeville212$215,500$2,7711.29%
South Loop 516$327,000$3,9981.22%
Oakland40$160,250$1,4430.90%

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.

NeighborhoodJan - June 2017 SalesJan - June 2017 Median PriceJan - June 2018 SalesJan - June 2018 Median PriceChange
Riverdale/Altgeld Gardens4$21,2502$46,750120.00%
West Englewood125$27,000163$50,00085.19%
Washington Park40$81,50053$140,00071.78%
Englewood247$25,000289$40,00060.00%
West Pullman188$36,500239$55,00050.68%
Oakland49$110,00040$160,25045.68%
Back of the Yards120$52,250136$75,00043.54%
South Chicago 148$59,500191$81,00036.13%
Roseland/Pullman267$50,000363$66,50033.00%
South Deering79$36,50090$48,00031.51%
Washington Heights49$69,00060$90,00030.43%
Chicago Lawn58$105,00070$130,00023.81%
McKinley Park57$200,00054$247,50023.75%
Marquette Park196$100,500184$122,50021.89%
Burnside127$67,500150$80,50019.26%
Calumet Heights 212$85,000216$100,00017.65%
Canaryville/Fuller Park47$135,00048$157,00016.30%
South Shore219$95,000256$108,50014.21%
East Side112$94,500124$104,50010.58%
Gresham306$81,750395$90,00010.09%
Chatham145$120,000108$131,5009.58%
Clearing159$197,000147$215,0009.14%
Bridgeport201$325,000187$353,0008.62%
Archer Heights58$203,50071$220,0008.11%
West Lawn193$180,000175$194,5008.06%
Hyde Park167$220,000182$237,5007.95%
Scottsdale115$184,000104$196,5006.79%
West Elsdon70$174,00060$185,0006.32%
Beverly 167$270,000150$286,0005.93%
Garfield Ridge264$205,000294$215,0004.88%
Bronzeville253$206,500212$215,5004.36%
Chinatown23$270,00013$280,0003.70%
Greater Grand Crossing225$73,000292$75,0002.74%
Mount Greenwood146$226,750137$231,0001.87%
Hegewisch44$125,00049$126,0000.80%
Brighton Park114$170,000124$171,2500.74%
Ashburn 120$165,000120$166,0000.61%
Morgan Park 141$161,000164$158,500-1.55%
Wrightwood64$142,50088$140,000-1.75%
South Loop 560$345,000516$327,000-5.22%
Kenwood65$295,00073$267,000-9.49%
Gage Park87$155,000107$135,000-12.90%
Brainerd196$99,500206$85,500-14.07%
Woodlawn135$150,000163$128,000-14.67%

Sources: Blockshopper.com; Cook County Recorder of Deeds

MORE NEWS