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Chicago City Wire

Tuesday, November 26, 2024

Cook County effective property tax rate in Q3 2022 was higher than the national average

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Property owners in Cook County paid 1.8% of the value of their homes in property taxes in the third quarter of 2022, which is more than 1.6 times the national average, according to the real estate analysis posted by the Chicago City Wire.

The median sales price of a Cook County home in the third quarter of 2022 was $302,000, based on data from the 11,338 properties sold during that time. In 2022 the median tax bill for the county was $5,508, which is 1.8% of the median value of the homes that were taxed.

This is 1.6 times higher than the average effective property tax rate of 1.11% in the U.S. in 2023.

The analysis of Cook County real estate data showed homeowners in Ford Heights, River Forest, and Prospect Heights paid the highest rates.

The following table compares Ford Heights with some other cities belonging to Cook County by their median effective property tax rate, calculated using sales and property tax data from the third quarter of 2022.

CityQ3 2022 SalesQ3 2022 Median PriceMedian tax 2022Effective tax rate
Ford Heights3$21,000$2,30211%
River Forest36$358,500$15,6324.4%
Prospect Heights36$170,750$6,9504.1%
Park Forest76$133,500$5,2834%
Hazel Crest51$147,000$4,7413.2%
Mission Hills Estates1$180,000$5,5693.1%
Burnham9$155,000$4,5783%
Flossmoor29$321,000$9,4913%
Country Club Hills59$199,500$6,0153%
Maywood40$239,500$7,1253%
Schaumburg461$198,000$5,6952.9%
Dolton95$179,000$5,0872.8%
East Hazel Crest4$138,000$3,8112.8%
Oak Park152$425,250$12,0402.8%
Calumet City98$170,000$4,5582.7%
South Holland58$220,000$5,9462.7%
Olympia Fields14$340,000$9,3032.7%
Robbins11$79,000$2,1022.7%
Summit13$200,000$5,3912.7%
Bellwood32$242,000$6,5422.7%
Stone Park3$235,000$6,3982.7%
Elmwood Park65$292,000$7,4632.6%
Riverside13$495,000$12,3542.5%
Matteson56$255,000$6,4572.5%
Bartlett52$317,750$8,0272.5%
Stickney12$217,500$5,4032.5%
Markham28$159,500$3,8992.4%
Thornton8$153,500$3,6802.4%
Glenwood28$202,500$4,7972.4%
Berwyn96$305,000$7,1742.4%
Hinsdale10$737,500$17,8862.4%
Brookfield50$302,500$7,1562.4%
Berkeley12$283,500$6,9412.4%
Buffalo Grove63$275,000$6,6612.4%
Homewood64$247,750$5,7332.3%
Riverdale24$140,000$3,2162.3%
Tinley Park158$273,000$6,3702.3%
Lansing93$195,000$4,5752.3%
Palatine203$295,000$6,7482.3%
Cicero64$260,000$5,9212.3%
Midlothian44$215,000$4,9292.3%
Oak Forest80$276,500$6,4122.3%
Bridgeview15$260,000$5,8872.3%
Streamwood126$246,000$5,5592.3%
Forest View3$260,000$6,0382.3%
Hoffman Estates126$332,500$7,1992.2%
Harvey46$127,500$2,7942.2%
Orland Park136$307,000$6,8152.2%
Chicago Heights68$177,500$3,9582.2%
Lynwood12$247,250$5,5002.2%
Justice18$229,000$5,1322.2%
Alsip51$230,000$5,0782.2%
Hanover Park45$270,000$5,9272.2%
Inverness22$665,500$14,1592.1%
Arlington Heights205$387,500$8,2212.1%
Northlake22$253,250$5,3482.1%
Worth25$235,000$4,9192.1%
Palos Hills55$198,000$4,1432.1%
Broadview13$255,000$5,2382.1%
Hillside17$290,000$6,1722.1%
Richton Park31$250,000$5,2112.1%
Forest River1$340,000$6,9762.1%
Northbrook118$538,500$11,2812.1%
Chicago Ridge28$173,000$3,6952.1%
Evergreen Park42$252,500$5,3032.1%
Blue Island35$200,000$3,9892%
Rolling Meadows64$287,500$5,7192%
Franklin Park27$267,000$5,3292%
Schiller Park17$279,500$5,6702%
Mount Prospect110$374,750$7,6202%
Hodgkins1$300,000$6,0222%
Morton Grove69$375,500$7,4592%
Wheeling90$265,000$5,2892%
Oak Lawn159$250,000$4,9832%
Barrington Hills7$1,000,000$18,9171.9%
Orland Hills12$307,000$5,9351.9%
Equestrian Woods1$720,000$13,4361.9%
River Grove14$317,000$5,9831.9%
Park Ridge88$497,500$9,3301.9%
Western Springs22$600,000$11,6351.9%
Palos Heights39$370,500$7,1121.9%
La Grange Park29$452,500$8,5521.9%
Westchester50$302,500$5,7861.9%
Forest Park42$355,000$6,6041.9%
North Riverside13$300,500$5,8351.9%
Calumet Park12$157,500$2,9141.9%
Glenbrook Countryside3$411,500$7,7141.9%
Burbank69$280,000$5,3931.9%
Barrington19$515,000$9,1001.8%
Norridge27$320,000$5,7811.8%
Willow Springs18$362,500$6,3811.8%
Melrose Park32$278,750$5,1271.8%
Indian Head Park20$292,500$5,1521.8%
Hickory Hills21$345,000$6,1811.8%
La Grange Highlands5$368,000$6,6321.8%
Des Plaines174$261,250$4,8291.8%
Elk Grove Village71$315,000$5,7331.8%
Skokie144$363,750$6,6531.8%
Elgin42$274,000$4,8581.8%
Lincolnwood23$470,000$8,2381.8%
Posen10$197,500$3,2991.7%
Lemont44$416,000$7,1561.7%
Niles54$343,000$5,9331.7%
Harwood Heights13$340,000$5,7741.7%
Lyons28$262,500$4,5501.7%
Burr Ridge11$615,000$10,5031.7%
La Grange36$637,500$10,6021.7%
Glenview156$535,250$9,2631.7%
Evanston166$460,000$7,9481.7%
Deercrest Estates1$341,500$5,7641.7%
South Barrington14$1,098,750$17,4761.6%
Phoenix1$143,000$2,3301.6%
Sauk Village36$154,500$2,5341.6%
Crestwood35$173,000$2,8151.6%
Southmoor2$552,500$8,7961.6%
Glencoe26$1,370,500$22,1711.6%
Winnetka49$1,525,000$23,7371.6%
Northbrook West1$400,000$6,5041.6%
Hometown13$202,000$3,1981.6%
Palos Park23$560,000$8,3211.5%
Rosemont7$420,000$6,4591.5%
Wilmette91$901,000$13,8381.5%
Northfield19$825,000$11,9971.5%
South Chicago Heights8$184,000$2,6261.4%
Fox Chase Estates1$525,000$7,4801.4%
Merrionette Park5$215,000$3,0111.4%
Chicago5,135$335,000$4,3591.3%
Equestrian Estates1$940,000$12,3831.3%
Countryside12$395,500$5,2641.3%
Elmhurst1$285,000$3,5671.3%
Roselle12$450,500$6,0051.3%
Steger13$155,000$1,9001.2%
Dixmoor4$130,000$1,3121%
Kenilworth3$3,200,000$32,3341%

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