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Sunday, November 17, 2024

Cook County effective property tax rate in Q2 was higher than the national average

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Property owners in Cook County paid 1.9% of the value of their homes in property taxes in the second quarter of 2024, which is more than 1.7 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 second quarter of 2024 was $320,000, based on data from the 15,444 properties sold during that time. In 2024, the median tax bill for the county was $6,058, which is 1.9% of the median value of the homes that were taxed.

This is 1.7 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 and Stickney paid the highest rates.

The above article calculates the effective property tax rate for 2024 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 second quarter of 2024.

CityQ2 2024 SalesQ2 2024 Median PriceMedian tax 2024Effective tax rate
Park Forest91$140,000$5,8124.2%
Stickney22$157,000$5,9433.8%
Dolton94$150,000$5,5953.7%
Rosemont7$190,000$7,1053.7%
Maywood74$212,500$7,8383.7%
Richton Park45$160,000$5,7333.6%
Country Club Hills92$191,750$6,6163.5%
Ford Heights3$74,500$2,5333.4%
Riverside38$402,500$13,5893.4%
Calumet City98$157,250$5,0143.2%
Robbins9$73,000$2,3123.2%
Stone Park7$220,000$7,0383.2%
Matteson58$225,000$7,1033.2%
South Holland94$212,500$6,5403.1%
Bellwood50$235,250$7,1963.1%
Flossmoor44$342,500$10,4403%
Olympia Fields14$338,500$10,2333%
Schiller Park35$206,000$6,2373%
Harvey51$105,000$3,0732.9%
Chicago Heights86$150,000$4,3532.9%
Berkeley26$277,000$7,6362.8%
Buffalo Grove72$262,500$7,3272.8%
Burnham13$185,000$5,0362.7%
Hazel Crest50$194,750$5,2152.7%
Glenwood47$193,000$5,2772.7%
Oak Park207$485,000$13,2442.7%
Markham62$163,000$4,2892.6%
Lansing103$190,000$5,0332.6%
Bartlett62$340,000$8,8302.6%
Homewood87$250,000$6,3072.5%
Riverdale44$139,250$3,5382.5%
Tinley Park213$280,000$7,0072.5%
Cicero103$256,000$6,5132.5%
Midlothian54$216,500$5,4222.5%
River Forest49$690,000$17,1952.5%
Forest View3$270,000$6,6422.5%
Berwyn126$333,750$7,8922.4%
River Grove28$278,250$6,5812.4%
Oak Forest81$298,000$7,0532.4%
Bridgeview37$275,000$6,4762.4%
Kenilworth11$1,472,500$35,5672.4%
Chicago Ridge39$170,000$4,0652.4%
Orland Park241$330,000$7,4972.3%
Lynwood24$259,500$6,0502.3%
Palatine293$318,000$7,4232.3%
Elmwood Park79$350,000$8,2092.3%
Mount Prospect171$370,000$8,3822.3%
La Grange Park41$405,000$9,4072.3%
Alsip49$239,000$5,5862.3%
Broadview19$255,000$5,7622.3%
Hillside21$300,000$6,7892.3%
Prospect Heights54$333,500$7,6452.3%
Hoffman Estates186$360,000$7,9192.2%
Orland Hills13$302,000$6,5282.2%
Brookfield49$350,000$7,8722.2%
Hickory Hills37$315,000$6,7992.2%
Worth34$247,500$5,4112.2%
Palos Heights54$350,000$7,8232.2%
Forest Park64$325,000$7,2642.2%
Roselle12$303,750$6,6052.2%
Oak Lawn221$251,000$5,4812.2%
Merrionette Park2$148,000$3,3122.2%
East Hazel Crest5$200,000$4,1922.1%
Thornton10$192,500$4,0482.1%
South Chicago Heights16$135,000$2,8892.1%
Willow Springs25$340,000$7,0192.1%
Schaumburg247$300,000$6,2652.1%
Arlington Heights302$421,250$9,0432.1%
Palos Park35$440,000$9,1532.1%
Northlake26$275,000$5,8822.1%
Countryside21$278,000$5,7912.1%
Calumet Park21$155,000$3,2062.1%
Wheeling114$280,000$5,8182.1%
Glenbrook Countryside3$402,000$8,4852.1%
Hanover Park41$318,000$6,5202.1%
Burbank71$282,000$5,9322.1%
Inverness26$770,000$15,5752%
Rolling Meadows93$310,000$6,2912%
Melrose Park36$287,500$5,6392%
Lyons25$250,000$5,0052%
Justice37$279,000$5,6452%
Hinsdale14$987,000$19,6752%
La Grange67$573,000$11,6622%
North Riverside17$320,000$6,4182%
Morton Grove70$409,500$8,2042%
Evanston232$428,500$8,7432%
Northbrook144$620,000$12,4092%
Streamwood148$300,000$6,1142%
Evergreen Park78$290,000$5,8332%
Barrington27$525,000$10,0101.9%
Blue Island41$235,000$4,3881.9%
Sauk Village60$147,500$2,7881.9%
Franklin Park53$315,000$5,8621.9%
Park Ridge178$532,500$10,2631.9%
Summit8$317,500$5,9301.9%
Western Springs57$685,000$12,7981.9%
Des Plaines274$285,000$5,3121.9%
Elgin62$285,000$5,3441.9%
Lincolnwood45$485,000$9,0621.9%
South Barrington13$1,050,000$19,2231.8%
Lemont52$440,000$7,8711.8%
Equestrian Woods2$819,250$14,7801.8%
Harwood Heights24$350,000$6,3511.8%
Crestwood43$170,000$3,0971.8%
Burr Ridge17$650,000$11,5531.8%
La Grange Highlands12$413,500$7,2951.8%
Westchester69$355,000$6,3651.8%
Elk Grove Village111$350,000$6,3061.8%
Glencoe38$1,355,000$24,3881.8%
Skokie194$412,250$7,3181.8%
Barrington Hills8$1,225,000$20,8081.7%
Phoenix5$148,000$2,5631.7%
Norridge57$377,000$6,3591.7%
Niles92$379,000$6,5261.7%
Glenview218$597,500$10,1891.7%
Wilmette136$900,500$15,2221.7%
Winnetka42$1,555,000$26,1111.7%
Posen8$232,000$3,6291.6%
Bedford Park4$368,750$5,9321.6%
Palos Hills67$290,000$4,5571.6%
Northbrook West2$435,000$7,1541.6%
Hometown12$220,000$3,5171.6%
Chicago7,191$330,000$4,7951.5%
Indian Head Park33$370,000$5,6671.5%
Northfield35$900,000$13,1961.5%
Deercrest Estates2$427,500$6,3401.5%
Steger8$146,000$2,0901.4%
Dixmoor5$110,000$1,4441.3%
Mission Hills Estates7$525,000$6,1261.2%

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