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Sunday, November 10, 2024

Effective property tax rate in Cook County outpaced the national average in Q3 2023

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Property owners in Cook County paid 2% of the value of their homes in property taxes in the third quarter of 2023, which is more than 1.8 times the national average, according to the real estate analysis posted by Chicago City Wire.

The median sales price of a Cook County home in the third quarter of 2023 was $300,000, based on data from the 16,001 properties sold during that time. In 2023, the median tax bill for the county was $5,838, which is 2% of the median value of the homes that were taxed.

This is 1.8 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 Park Forest, Dolton, and Calumet City paid the highest rates.

The above article calculates the effective property tax rate for 2023 using estimated inflation values and 2022 tax data provided by the county. In some cases, the actual effective property tax rate may vary slightly.

The following table compares Park Forest 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 2023.

CityQ3 2023 SalesQ3 2023 Median PriceMedian tax 2023Effective tax rate
Park Forest94$127,500$5,6004.4%
Dolton120$128,500$5,3924.2%
Calumet City139$135,000$4,8323.6%
Burnham15$140,000$4,8533.5%
Country Club Hills85$180,000$6,3763.5%
Matteson63$200,000$6,8443.4%
Harvey73$88,500$2,9623.3%
Flossmoor40$308,750$10,0603.3%
Maywood47$230,000$7,5533.3%
Oak Park232$385,250$12,7623.3%
Forest View4$195,000$6,4003.3%
Countryside25$173,000$5,5803.2%
Bellwood45$215,000$6,9353.2%
River Forest52$535,000$16,5703.1%
Markham44$139,500$4,1333%
Lansing123$160,000$4,8503%
Homewood106$207,000$6,0772.9%
Riverdale38$118,750$3,4092.9%
Hazel Crest64$175,000$5,0252.9%
South Holland61$225,000$6,3022.8%
Olympia Fields18$352,750$9,8612.8%
Midlothian57$185,000$5,2252.8%
Kenilworth13$1,225,000$34,2742.8%
Thornton15$145,000$3,9012.7%
Glenwood44$187,000$5,0852.7%
Chicago Heights117$155,000$4,1952.7%
Richton Park36$207,500$5,5242.7%
Buffalo Grove67$260,000$7,0602.7%
Bartlett61$321,000$8,5092.7%
Oak Forest85$260,000$6,7962.6%
Berkeley14$285,000$7,3582.6%
Forest Park68$268,750$7,0002.6%
Stone Park12$258,750$6,7822.6%
Hillside29$255,000$6,5422.6%
Blue Island44$168,000$4,2282.5%
Cicero98$248,500$6,2772.5%
Burr Ridge15$445,000$11,1332.5%
Barrington Hills11$851,000$20,0522.4%
Tinley Park215$280,000$6,7522.4%
Berwyn135$320,000$7,6052.4%
Schiller Park41$249,000$6,0102.4%
Worth44$218,000$5,2152.4%
Alsip57$228,000$5,3832.4%
Calumet Park32$127,500$3,0892.4%
Prospect Heights47$305,000$7,3672.4%
Orland Hills19$275,000$6,2912.3%
Lynwood20$256,500$5,8302.3%
Palatine283$305,000$7,1532.3%
Palos Park28$390,000$8,8202.3%
Elmwood Park81$341,000$7,9102.3%
River Grove25$277,000$6,3422.3%
Lyons30$211,750$4,8232.3%
Summit18$243,750$5,7142.3%
Brookfield68$336,250$7,5852.3%
Bridgeview42$270,000$6,2402.3%
Northbrook173$525,000$11,9582.3%
Hoffman Estates183$340,000$7,6312.2%
Robbins8$103,500$2,2282.2%
Mount Prospect168$375,000$8,0772.2%
Riverside35$605,000$13,0952.2%
Chicago Ridge45$175,500$3,9172.2%
Orland Park263$339,000$7,2242.1%
Inverness25$720,000$15,0082.1%
Schaumburg313$290,000$6,0372.1%
Justice29$258,000$5,4392.1%
La Grange64$539,500$11,2382.1%
Hickory Hills39$315,000$6,5522.1%
Broadview27$260,000$5,5522.1%
Evanston251$410,000$8,4252.1%
Wheeling128$270,000$5,6062.1%
Hanover Park48$294,500$6,2832.1%
Roselle12$303,000$6,3652.1%
Oak Lawn238$250,000$5,2822.1%
Burbank79$278,000$5,7172.1%
East Hazel Crest7$200,000$4,0402%
Sauk Village56$132,500$2,6862%
Willow Springs48$342,000$6,7642%
Rolling Meadows75$297,500$6,0622%
Arlington Heights262$438,500$8,7152%
Northlake27$290,000$5,6682%
Park Ridge171$499,000$9,8892%
Crestwood66$152,000$2,9842%
La Grange Highlands6$350,500$7,0302%
Palos Heights56$370,000$7,5392%
La Grange Park50$442,500$9,0652%
North Riverside24$310,000$6,1852%
Streamwood186$290,000$5,8922%
Evergreen Park63$275,000$5,6212%
Hometown27$170,000$3,3902%
Stickney21$290,000$5,7272%
Barrington38$499,000$9,6461.9%
Posen15$185,000$3,4971.9%
Franklin Park45$305,000$5,6491.9%
Melrose Park63$280,000$5,4341.9%
Niles118$329,500$6,2891.9%
Westchester65$325,000$6,1341.9%
Morton Grove85$412,500$7,9061.9%
Winnetka63$1,350,000$25,1611.9%
Skokie218$372,500$7,0521.9%
Elgin70$275,000$5,1501.9%
Lemont59$420,000$7,5851.8%
Palos Hills78$238,000$4,3921.8%
Glenview215$550,000$9,8191.8%
Glencoe51$1,280,000$23,5011.8%
Phoenix3$142,000$2,4701.7%
Harwood Heights23$350,000$6,1201.7%
Western Springs49$726,000$12,3331.7%
Des Plaines275$297,500$5,1191.7%
Wilmette122$847,500$14,6681.7%
Glenbrook Countryside4$476,000$8,1771.7%
Lincolnwood41$515,000$8,7321.7%
South Barrington22$1,190,000$18,5241.6%
Norridge45$385,000$6,1281.6%
Ford Heights2$151,500$2,4401.6%
South Chicago Heights18$172,500$2,7841.6%
Elk Grove Village140$376,250$6,0771.6%
Chicago7,221$308,000$4,6211.5%
Indian Head Park14$361,000$5,4611.5%
Merrionette Park3$210,000$3,1911.5%
Northfield27$912,500$12,7171.4%
Mission Hills Estates12$422,500$5,9041.4%
Hinsdale6$1,425,000$18,9591.3%
Steger15$169,000$2,0141.2%
Deercrest Estates4$512,500$6,1101.2%
Dixmoor6$131,000$1,3911.1%
Rosemont11$610,000$6,8471.1%
Northbrook West2$905,500$6,8940.8%

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