Property owners in Cook County paid 2.1% of the value of their homes in property taxes in the fourth quarter of 2023, which is more than 1.9 times the national average, according to the real estate analysis posted by West Cook News.
The median sales price of a Cook County home in the fourth quarter of 2023 was $282,250, based on data from the 13,348 properties sold during that time. In 2023, the median tax bill for the county was $5,838, which is 2.1% of the median value of the homes that were taxed.
This is 1.9 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 Forest River 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 fourth quarter of 2023.
| City | Q4 2023 Sales | Q4 2023 Median Price | Median tax 2023 | Effective tax rate |
|---|---|---|---|---|
| Park Forest | 95 | $129,000 | $5,600 | 4.3% |
| Forest River | 3 | $175,000 | $7,395 | 4.2% |
| Dolton | 92 | $145,000 | $5,392 | 3.7% |
| Calumet City | 120 | $130,000 | $4,832 | 3.7% |
| Riverdale | 49 | $95,000 | $3,409 | 3.6% |
| Richton Park | 53 | $153,000 | $5,524 | 3.6% |
| Harvey | 60 | $85,000 | $2,962 | 3.5% |
| Oak Park | 168 | $367,500 | $12,762 | 3.5% |
| Country Club Hills | 71 | $189,000 | $6,376 | 3.4% |
| Markham | 58 | $129,500 | $4,133 | 3.2% |
| Flossmoor | 24 | $319,000 | $10,060 | 3.2% |
| South Holland | 70 | $205,000 | $6,302 | 3.1% |
| Olympia Fields | 22 | $320,000 | $9,861 | 3.1% |
| Bellwood | 52 | $224,500 | $6,935 | 3.1% |
| Maywood | 56 | $245,000 | $7,553 | 3.1% |
| River Forest | 28 | $532,500 | $16,570 | 3.1% |
| Forest View | 3 | $208,000 | $6,400 | 3.1% |
| Lansing | 118 | $161,250 | $4,850 | 3% |
| Riverside | 26 | $435,000 | $13,095 | 3% |
| Matteson | 46 | $226,750 | $6,844 | 3% |
| Homewood | 99 | $212,000 | $6,077 | 2.9% |
| Thornton | 14 | $132,500 | $3,901 | 2.9% |
| Glenwood | 46 | $174,000 | $5,085 | 2.9% |
| River Grove | 29 | $220,000 | $6,342 | 2.9% |
| Forest Park | 58 | $245,000 | $7,000 | 2.9% |
| Burnham | 8 | $175,500 | $4,853 | 2.8% |
| Blue Island | 53 | $150,000 | $4,228 | 2.8% |
| South Chicago Heights | 6 | $99,000 | $2,784 | 2.8% |
| Robbins | 9 | $80,000 | $2,228 | 2.8% |
| Berkeley | 9 | $265,000 | $7,358 | 2.8% |
| Bartlett | 55 | $301,000 | $8,509 | 2.8% |
| Hazel Crest | 60 | $184,750 | $5,025 | 2.7% |
| Posen | 11 | $130,000 | $3,497 | 2.7% |
| Schiller Park | 32 | $226,250 | $6,010 | 2.7% |
| Inverness | 22 | $574,500 | $15,008 | 2.6% |
| East Hazel Crest | 5 | $154,000 | $4,040 | 2.6% |
| Ford Heights | 4 | $92,750 | $2,440 | 2.6% |
| Elmwood Park | 75 | $300,000 | $7,910 | 2.6% |
| Oak Forest | 81 | $265,000 | $6,796 | 2.6% |
| Hillside | 24 | $247,500 | $6,542 | 2.6% |
| Buffalo Grove | 55 | $275,000 | $7,060 | 2.6% |
| Chicago Ridge | 36 | $152,500 | $3,917 | 2.6% |
| Orland Hills | 11 | $255,500 | $6,291 | 2.5% |
| Tinley Park | 160 | $273,500 | $6,752 | 2.5% |
| Berwyn | 119 | $300,000 | $7,605 | 2.5% |
| Chicago Heights | 79 | $170,000 | $4,195 | 2.5% |
| Palatine | 201 | $290,000 | $7,153 | 2.5% |
| Midlothian | 54 | $213,250 | $5,225 | 2.5% |
| Lynwood | 21 | $240,000 | $5,830 | 2.4% |
| Cicero | 106 | $260,000 | $6,277 | 2.4% |
| Justice | 26 | $227,000 | $5,439 | 2.4% |
| Hinsdale | 5 | $800,000 | $18,959 | 2.4% |
| Brookfield | 57 | $315,000 | $7,585 | 2.4% |
| La Grange | 48 | $463,500 | $11,238 | 2.4% |
| Countryside | 22 | $234,750 | $5,580 | 2.4% |
| Morton Grove | 65 | $335,000 | $7,906 | 2.4% |
| Hanover Park | 52 | $256,500 | $6,283 | 2.4% |
| Roselle | 16 | $265,000 | $6,365 | 2.4% |
| Hoffman Estates | 155 | $325,000 | $7,631 | 2.3% |
| Arlington Heights | 258 | $375,000 | $8,715 | 2.3% |
| Bridgeview | 40 | $269,250 | $6,240 | 2.3% |
| La Grange Highlands | 7 | $304,000 | $7,030 | 2.3% |
| Broadview | 27 | $244,000 | $5,552 | 2.3% |
| Prospect Heights | 48 | $314,000 | $7,367 | 2.3% |
| Orland Park | 248 | $330,000 | $7,224 | 2.2% |
| Mount Prospect | 130 | $363,500 | $8,077 | 2.2% |
| La Grange Park | 50 | $405,500 | $9,065 | 2.2% |
| Alsip | 61 | $250,000 | $5,383 | 2.2% |
| Evanston | 183 | $375,000 | $8,425 | 2.2% |
| Wheeling | 98 | $253,500 | $5,606 | 2.2% |
| Streamwood | 134 | $265,500 | $5,892 | 2.2% |
| Oak Lawn | 189 | $235,000 | $5,282 | 2.2% |
| Stickney | 16 | $262,500 | $5,727 | 2.2% |
| Sauk Village | 65 | $125,000 | $2,686 | 2.1% |
| Rolling Meadows | 69 | $285,000 | $6,062 | 2.1% |
| Palos Park | 38 | $427,500 | $8,820 | 2.1% |
| Northlake | 32 | $274,500 | $5,668 | 2.1% |
| Lyons | 29 | $232,000 | $4,823 | 2.1% |
| Summit | 23 | $271,000 | $5,714 | 2.1% |
| Stone Park | 7 | $325,000 | $6,782 | 2.1% |
| Kenilworth | 6 | $1,611,000 | $34,274 | 2.1% |
| Northbrook | 116 | $565,500 | $11,958 | 2.1% |
| Evergreen Park | 58 | $264,000 | $5,621 | 2.1% |
| Barrington | 25 | $490,000 | $9,646 | 2% |
| Willow Springs | 26 | $346,250 | $6,764 | 2% |
| Schaumburg | 218 | $300,000 | $6,037 | 2% |
| Park Ridge | 103 | $495,000 | $9,889 | 2% |
| Burr Ridge | 15 | $551,000 | $11,133 | 2% |
| Hickory Hills | 33 | $330,000 | $6,552 | 2% |
| Worth | 37 | $259,000 | $5,215 | 2% |
| Palos Heights | 34 | $375,250 | $7,539 | 2% |
| Westchester | 54 | $305,000 | $6,134 | 2% |
| Glenview | 194 | $498,500 | $9,819 | 2% |
| Northfield | 33 | $625,000 | $12,717 | 2% |
| Skokie | 143 | $350,000 | $7,052 | 2% |
| Elgin | 81 | $264,000 | $5,150 | 2% |
| Burbank | 73 | $280,000 | $5,717 | 2% |
| South Barrington | 12 | $965,000 | $18,524 | 1.9% |
| Franklin Park | 39 | $305,000 | $5,649 | 1.9% |
| North Riverside | 23 | $325,000 | $6,185 | 1.9% |
| Phoenix | 9 | $140,000 | $2,470 | 1.8% |
| Norridge | 56 | $345,000 | $6,128 | 1.8% |
| Melrose Park | 63 | $300,000 | $5,434 | 1.8% |
| Harwood Heights | 22 | $331,250 | $6,120 | 1.8% |
| Crestwood | 44 | $170,000 | $2,984 | 1.8% |
| Western Springs | 61 | $675,000 | $12,333 | 1.8% |
| Palos Hills | 62 | $238,000 | $4,392 | 1.8% |
| Des Plaines | 251 | $280,000 | $5,119 | 1.8% |
| Calumet Park | 17 | $175,000 | $3,089 | 1.8% |
| Elk Grove Village | 114 | $338,000 | $6,077 | 1.8% |
| Wilmette | 97 | $815,000 | $14,668 | 1.8% |
| Glencoe | 31 | $1,321,500 | $23,501 | 1.8% |
| Barrington Hills | 8 | $1,187,500 | $20,052 | 1.7% |
| Lemont | 42 | $450,000 | $7,585 | 1.7% |
| Niles | 91 | $360,000 | $6,289 | 1.7% |
| Hometown | 22 | $196,500 | $3,390 | 1.7% |
| Chicago | 5,933 | $285,000 | $4,621 | 1.6% |
| Indian Head Park | 25 | $350,000 | $5,461 | 1.6% |
| Deercrest Estates | 2 | $377,500 | $6,110 | 1.6% |
| Lincolnwood | 30 | $537,000 | $8,732 | 1.6% |
| Merrionette Park | 3 | $205,000 | $3,191 | 1.6% |
| Winnetka | 37 | $1,675,000 | $25,161 | 1.5% |
| Steger | 17 | $165,000 | $2,014 | 1.2% |
| Northbrook West | 2 | $569,500 | $6,894 | 1.2% |
| Rosemont | 5 | $700,000 | $6,847 | 1% |
| Dixmoor | 3 | $196,000 | $1,391 | 0.7% |
