Franklin Park reported a 6.4% median commercial property tax rate for fiscal year 2025, the 22nd-highest among Cook County municipalities, data from BlockShopper.com shows.
The countywide median rate was 2.9% during the same period, with Franklin Park exceeding this by 3.5 percentage points.
Cook County’s 92 cities saw tax rates spanning from 1.1% in Harwood Heights to 15.6% in Chicago Heights.
For fiscal year 2024, the median rate in Franklin Park was 6.2%, placing it 26th in the county at that time.
Commercial property tax rates across 53 major U.S. cities averaged 1.76% in 2024, based on findings from the Lincoln Institute of Land Policy. According to the study, the estimated tax bill for a $1 million property with $200,000 in fixtures would be about $21,060 per year. Rates ranged greatly, falling below 1% in certain cities and rising above 4% in others.
Classification systems in many states often result in higher effective property tax rates for commercial, industrial, and apartment properties compared to residential. In select jurisdictions, business tax rates are several times that of the residential rate. For instance, the tax rate in Charleston can be roughly six times higher for businesses.
| Rank | City | Tax Rate % |
|---|---|---|
| 1 | Chicago Heights | 15.6% |
| 2 | Stone Park | 12.7% |
| 3 | Calumet Park | 9.9% |
| 4 | Hazel Crest | 9.1% |
| 5 | Homewood | 9% |
| 5 | Lynwood | 9% |
| 7 | Wheeling | 8.8% |
| 8 | Hoffman Estates | 8.5% |
| 9 | Matteson | 8.3% |
| 10 | Oak Forest | 8.1% |
| 11 | Barrington | 7.8% |
| 12 | Dolton | 7.7% |
| 13 | Justice | 7.5% |
| 14 | Palos Heights | 7.4% |
| 15 | Lansing | 7.3% |
| 16 | Prospect Heights | 7% |
| 17 | South Holland | 6.9% |
| 17 | Elgin | 6.9% |
| 19 | Alsip | 6.8% |
| 19 | Orland Park | 6.8% |
| 21 | Bellwood | 6.5% |
| 22 | Franklin Park | 6.4% |
| 23 | Palos Hills | 6.3% |
| 23 | Buffalo Grove | 6.3% |
| 25 | Palatine | 6.1% |
| 25 | Westchester | 6.1% |
| 27 | Mount Prospect | 5.7% |
| 28 | Northfield | 5.6% |
| 28 | Schaumburg | 5.6% |
| 28 | Elmwood Park | 5.6% |
| 31 | La Grange Park | 5.5% |
| 31 | River Grove | 5.5% |
| 31 | River Forest | 5.5% |
| 34 | Niles | 5.3% |
| 34 | Hanover Park | 5.3% |
| 34 | Calumet City | 5.3% |
| 37 | Roselle | 5.2% |
| 37 | Western Springs | 5.2% |
| 39 | Rolling Meadows | 4.9% |
| 40 | South Barrington | 4.8% |
| 41 | Berwyn | 4.7% |
| 41 | Streamwood | 4.7% |
| 41 | Glencoe | 4.7% |
| 41 | Park Ridge | 4.7% |
| 45 | Summit | 4.6% |
| 46 | Harvey | 4.5% |
| 46 | Broadview | 4.5% |
| 48 | Midlothian | 4.4% |
| 48 | Maywood | 4.4% |
| 50 | Brookfield | 4.3% |
| 50 | Worth | 4.3% |
| 52 | Wilmette | 4.2% |
| 52 | Countryside | 4.2% |
| 54 | Crestwood | 4.1% |
| 54 | Skokie | 4.1% |
| 54 | Schiller Park | 4.1% |
| 57 | Bartlett | 4% |
| 57 | Des Plaines | 4% |
| 59 | Lincolnwood | 3.9% |
| 59 | La Grange | 3.9% |
| 61 | Lemont | 3.8% |
| 62 | Northbrook | 3.7% |
| 63 | Morton Grove | 3.6% |
| 63 | Elk Grove Village | 3.6% |
| 63 | Glenview | 3.6% |
| 66 | Tinley Park | 3.5% |
| 66 | Bridgeview | 3.5% |
| 68 | Arlington Heights | 3.4% |
| 68 | Oak Lawn | 3.4% |
| 70 | Blue Island | 3.3% |
| 71 | Winnetka | 3.1% |
| 72 | Oak Park | 2.9% |
| 73 | Hickory Hills | 2.8% |
| 73 | Melrose Park | 2.8% |
| 73 | Lyons | 2.8% |
| 76 | Norridge | 2.7% |
| 76 | Berkeley | 2.7% |
| 78 | Cicero | 2.5% |
| 78 | Northlake | 2.5% |
| 80 | Hillside | 2.4% |
| 80 | Glenwood | 2.4% |
| 82 | Chicago Ridge | 2.3% |
| 83 | Evergreen Park | 2.2% |
| 84 | North Riverside | 2.1% |
| 84 | Markham | 2.1% |
| 84 | Chicago | 2.1% |
| 87 | Evanston | 2% |
| 88 | Forest Park | 1.9% |
| 88 | Posen | 1.9% |
| 90 | Willow Springs | 1.3% |
| 91 | Burbank | 1.1% |
| 91 | Harwood Heights | 1.1% |
| Rank | Address | Tax Rate % |
|---|---|---|
| 1 | 3204 Rose St. | 15% |
| 2 | 9755 W. Grand Ave. | 6.4% |
| 3 | 9608 W. Grand Ave. | <0.1% |
Note: Some property addresses may be incomplete or missing due to limitations in county assessor data.
Information in this article was sourced from BlockShopper.com. The original data can be accessed here.