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Sunday, April 20, 2025

Analysis: Cook County effective property tax rates outpaced the national average in Q4 2024

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County Clerk Cedric Giles, Cook County Clerk | https://www.cookcountyil.gov/all-people/cedric-giles

County Clerk Cedric Giles, Cook County Clerk | https://www.cookcountyil.gov/all-people/cedric-giles

Property owners in Cook County paid 1.9% of the value of their homes in property taxes in the fourth 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 fourth quarter of 2024 was $315,000, based on data from the 12,831 properties sold during that time. In 2024, the median tax bill for the county was $5,957, 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, Dolton, and Glenwood paid the highest rates.

The above article calculates the effective property tax rate for 2024 using estimated inflation values and 2023 tax data provided by the county. In some cases, the actual effective property tax rate may vary slightly.

The U.S. housing market has surged in recent years, with its total value approaching $50 trillion in 2024—nearly five times its value in 2000.

“The value of America’s housing market will likely cross the $50 trillion threshold in the next 12 months as there are not enough homes being listed to push prices down,” said Redfin Economics Research Lead Chen Zhao.

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 fourth quarter of 2024.

CityQ4 2024 SalesQ4 2024 Median PriceMedian tax 2024Effective tax rate
Park Forest78$140,000$7,3015.2%
Dolton72$122,750$5,6274.6%
Glenwood25$140,000$6,0674.3%
Burnham12$123,500$5,0814.1%
Calumet City102$157,500$5,7633.7%
Harvey48$80,000$2,9803.7%
Country Club Hills61$188,500$7,0523.7%
Markham52$119,000$4,3283.6%
South Holland71$215,000$7,4973.5%
Hazel Crest44$172,500$6,0683.5%
Robbins4$67,000$2,2773.4%
Richton Park30$180,000$6,1783.4%
Riverdale28$130,000$4,2743.3%
South Chicago Heights11$100,000$3,3073.3%
Summit15$210,000$6,8683.3%
Oak Park165$385,000$12,5553.3%
Flossmoor30$326,250$10,3893.2%
Maywood67$230,000$7,0763.1%
Calumet Park24$144,500$4,4983.1%
Homewood75$235,000$6,9783%
Phoenix6$99,500$2,8902.9%
Thornton10$189,500$5,5452.9%
Matteson63$250,000$7,2722.9%
Olympia Fields16$341,750$9,6882.8%
Elmwood Park81$300,000$8,5102.8%
Berkeley10$247,500$7,0332.8%
Orland Hills16$249,000$6,7162.7%
Bellwood39$245,000$6,6842.7%
Northbrook West3$380,000$10,0992.7%
Inverness17$585,000$14,9302.6%
Lansing99$200,000$5,1752.6%
Berwyn103$295,000$7,5402.6%
Chicago Heights59$165,000$4,3642.6%
Palatine256$299,500$7,7372.6%
Bridgeview40$265,000$6,9112.6%
Alsip58$230,000$6,0352.6%
River Forest37$625,000$16,1022.6%
Bartlett54$350,000$9,2082.6%
Schiller Park31$295,000$7,3232.5%
La Grange42$465,250$11,4972.5%
Stone Park8$255,000$6,3112.5%
Golf2$810,000$20,2252.5%
Hoffman Estates151$360,000$8,4782.4%
Tinley Park158$295,000$7,0182.4%
Lynwood18$252,500$5,9512.4%
Northlake36$284,500$6,8552.4%
Midlothian44$221,500$5,3342.4%
Lyons26$217,500$5,1982.4%
Riverside27$537,000$13,0532.4%
Worth35$225,000$5,3342.4%
Hillside18$265,500$6,3412.4%
South Barrington17$825,000$18,6852.3%
Orland Park246$330,000$7,6522.3%
Blue Island40$216,500$5,0372.3%
Rolling Meadows72$307,000$6,9712.3%
Cicero101$265,000$6,0862.3%
Oak Forest80$285,000$6,6662.3%
Mount Prospect140$382,500$8,6682.3%
Brookfield50$342,500$7,9112.3%
Palos Heights47$350,000$8,0082.3%
Forest Park50$295,000$6,8022.3%
Evanston165$390,500$8,8382.3%
Hanover Park35$319,000$7,2022.3%
Schaumburg220$300,000$6,6412.2%
Arlington Heights245$424,000$9,2612.2%
Franklin Park50$306,500$6,8222.2%
Harwood Heights22$322,500$7,1312.2%
Broadview17$250,000$5,5992.2%
Prospect Heights34$340,000$7,5212.2%
Wheeling86$293,500$6,3662.2%
Buffalo Grove52$333,500$7,1792.2%
Northbrook112$564,250$12,5882.2%
Streamwood130$299,500$6,6552.2%
Roselle10$307,500$6,6712.2%
Lincolnwood39$460,000$10,1392.2%
Oak Lawn185$251,000$5,5932.2%
Chicago Ridge49$213,000$4,7502.2%
Evergreen Park59$285,000$6,2162.2%
Barrington26$450,000$9,6432.1%
River Grove26$345,500$7,3912.1%
Park Ridge96$535,000$11,1972.1%
Justice24$283,000$5,9542.1%
Palos Hills72$225,000$4,6362.1%
La Grange Park39$439,000$9,0712.1%
Des Plaines249$302,500$6,3702.1%
Morton Grove86$410,000$8,4152.1%
Skokie149$375,000$7,8542.1%
Glenbrook Countryside6$420,000$8,7782.1%
Hometown14$197,500$4,0622.1%
Dixmoor9$103,500$2,0982%
Posen11$165,000$3,2792%
Melrose Park53$297,000$5,9982%
Niles83$350,000$7,0782%
Hickory Hills31$350,000$6,9102%
Northfield22$601,750$12,2912%
Elgin56$308,000$6,0472%
Merrionette Park7$205,000$4,1452%
Burbank72$305,000$6,0822%
Stickney13$290,000$5,6712%
Barrington Hills6$1,040,000$20,2171.9%
East Hazel Crest2$275,500$5,1391.9%
Norridge48$367,250$7,0741.9%
Ford Heights3$47,000$8761.9%
Sauk Village40$155,000$2,8681.9%
Willow Springs16$347,500$6,7271.9%
Palos Park25$492,000$9,2971.9%
Countryside18$282,500$5,4531.9%
North Riverside17$333,500$6,2111.9%
Elk Grove Village114$364,750$7,0811.9%
Burr Ridge20$600,000$10,6371.8%
Indian Head Park22$313,000$5,5501.8%
La Grange Highlands6$393,500$7,1711.8%
Glenview170$587,000$10,5631.8%
Wilmette80$850,500$14,9501.8%
Crestwood49$187,000$3,1161.7%
Westchester70$352,250$6,1241.7%
Winnetka52$1,562,500$26,7171.7%
Kenilworth7$1,857,500$32,2821.7%
Lemont50$485,000$7,9901.6%
Western Springs44$812,500$13,0471.6%
Glencoe30$1,625,000$25,5111.6%
Deercrest Estates3$442,000$6,9891.6%
Mission Hills Estates4$410,000$5,5381.4%
Chicago5,811$326,000$4,1951.3%
Hinsdale10$1,330,000$17,9101.3%
Steger19$162,000$2,0021.2%
Rosemont6$776,500$9,2051.2%

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