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Friday, May 3, 2024

Analysis: Cook County effective property tax rate outpaced the national average in Q1

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Property owners in Cook County paid 2.2% the value of their homes in property taxes in the first quarter of 2023 which is more than 2 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 first quarter of 2023 was $253,000, based on data from the 10,829 properties sold during that time. In 2022 the median tax bill for the county was $5,508, which is 2.2% of the median value of the homes that were taxed.

This is 2 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, Merrionette Park, and Burnham 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 first quarter of 2023.

CityQ1 2023 SalesQ1 2023 Median PriceMedian tax 2023Effective tax rate
Ford Heights2$25,750$2,4409.5%
Merrionette Park2$53,500$3,1916%
Burnham8$97,000$4,8535%
Park Forest81$120,000$5,6004.7%
Dolton70$125,500$5,3924.3%
Maywood54$182,500$7,5534.1%
Phoenix7$62,000$2,4704%
Markham55$105,000$4,1333.9%
Hazel Crest44$130,750$5,0253.8%
Glenwood34$135,000$5,0853.8%
Robbins9$60,000$2,2283.7%
Riverdale35$95,000$3,4093.6%
Flossmoor24$277,500$10,0603.6%
Riverside25$360,000$13,0953.6%
Oak Park128$353,500$12,7623.6%
Richton Park37$152,000$5,5243.6%
Calumet City93$140,000$4,8323.5%
Worth32$150,000$5,2153.5%
River Forest27$470,000$16,5703.5%
Calumet Park26$89,500$3,0893.5%
Country Club Hills58$186,250$6,3763.4%
South Holland64$188,500$6,3023.3%
Hinsdale10$570,500$18,9593.3%
Chicago Heights68$130,000$4,1953.2%
Bellwood44$215,000$6,9353.2%
Homewood73$195,000$6,0773.1%
Lansing97$155,000$4,8503.1%
Olympia Fields21$319,000$9,8613.1%
Elmwood Park73$259,000$7,9103.1%
Midlothian43$170,000$5,2253.1%
Bartlett35$277,500$8,5093.1%
Berwyn99$252,000$7,6053%
Palatine176$240,000$7,1533%
Matteson70$225,000$6,8443%
Chicago Ridge32$130,000$3,9173%
Harvey48$100,500$2,9622.9%
Summit14$200,000$5,7142.9%
Alsip55$187,000$5,3832.9%
Forest Park58$240,000$7,0002.9%
Oak Forest62$240,000$6,7962.8%
Hillside23$230,000$6,5422.8%
Forest View2$231,000$6,4002.8%
Orland Hills12$229,000$6,2912.7%
Tinley Park148$250,000$6,7522.7%
Steger8$74,250$2,0142.7%
Lynwood15$216,000$5,8302.7%
Northlake23$213,000$5,6682.7%
La Grange45$420,000$11,2382.7%
Hickory Hills26$240,000$6,5522.7%
Palos Heights30$279,000$7,5392.7%
Kenilworth12$1,250,000$34,2742.7%
Buffalo Grove35$265,000$7,0602.7%
Forest River1$275,000$7,3952.7%
Northbrook92$450,000$11,9582.7%
Golf1$783,500$20,8822.7%
Thornton8$151,000$3,9012.6%
Cicero82$239,000$6,2772.6%
River Grove23$245,000$6,3422.6%
Brookfield50$287,500$7,5852.6%
Bridgeview40$237,500$6,2402.6%
Berkeley9$281,000$7,3582.6%
Hoffman Estates90$300,000$7,6312.5%
Orland Park177$289,000$7,2242.5%
Justice22$214,500$5,4392.5%
Indian Head Park13$220,000$5,4612.5%
Broadview13$225,000$5,5522.5%
Oak Lawn190$207,500$5,2822.5%
Burbank61$230,000$5,7172.5%
Schaumburg169$248,000$6,0372.4%
Arlington Heights170$361,000$8,7152.4%
Mount Prospect85$330,000$8,0772.4%
Wilmette73$600,000$14,6682.4%
Glencoe20$977,500$23,5012.4%
Streamwood84$246,500$5,8922.4%
Hanover Park31$265,000$6,2832.4%
Lincolnwood21$369,000$8,7322.4%
Barrington Hills2$865,000$20,0522.3%
Inverness9$660,000$15,0082.3%
Rolling Meadows59$268,000$6,0622.3%
La Grange Highlands6$303,000$7,0302.3%
Palos Hills49$191,000$4,3922.3%
La Grange Park24$392,500$9,0652.3%
Stone Park8$291,000$6,7822.3%
Prospect Heights35$315,000$7,3672.3%
Wheeling85$245,000$5,6062.3%
Roselle8$277,500$6,3652.3%
Barrington23$440,500$9,6462.2%
Blue Island38$191,500$4,2282.2%
Willow Springs27$305,000$6,7642.2%
Franklin Park35$257,000$5,6492.2%
Elk Grove Village75$280,000$6,0772.2%
Winnetka24$1,150,000$25,1612.2%
Evanston147$380,000$8,4252.2%
Stickney17$255,000$5,7272.2%
Norridge35$290,000$6,1282.1%
Schiller Park29$286,000$6,0102.1%
Park Ridge71$480,000$9,8892.1%
Crestwood39$143,500$2,9842.1%
North Riverside9$300,000$6,1852.1%
Morton Grove56$380,000$7,9062.1%
Skokie119$343,000$7,0522.1%
Elgin54$245,000$5,1502.1%
Hometown14$162,500$3,3902.1%
South Barrington14$949,500$18,5242%
Equestrian Woods2$712,500$14,2432%
Melrose Park43$275,000$5,4342%
Niles67$314,000$6,2892%
Western Springs27$628,000$12,3332%
Westchester69$304,000$6,1342%
Des Plaines198$250,000$5,1192%
Glenview134$502,250$9,8192%
Mission Hills Estates6$298,750$5,9042%
Evergreen Park40$285,250$5,6212%
East Hazel Crest2$212,500$4,0401.9%
Posen12$179,500$3,4971.9%
Lyons15$255,000$4,8231.9%
Countryside12$287,500$5,5801.9%
Chicago5,017$260,000$4,6211.8%
Sauk Village40$151,500$2,6861.8%
South Chicago Heights13$157,000$2,7841.8%
Equestrian Estates1$750,000$13,1261.8%
Palos Park20$495,000$8,8201.8%
Lemont32$435,000$7,5851.7%
Glenbrook Countryside4$487,500$8,1771.7%
Bedford Park3$360,000$5,7171.6%
Northfield15$825,000$12,7171.5%
Rosemont10$495,000$6,8471.4%
Harwood Heights15$430,000$6,1201.4%
Burr Ridge10$857,000$11,1331.3%
Northbrook West1$575,000$6,8941.2%
Dixmoor5$135,000$1,3911%
Deercrest Estates2$640,000$6,1101%

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