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West Cook News

Wednesday, June 26, 2024

Cook County effective property tax rate in Q4 2022 was higher than the national average

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Property owners in Cook County paid 2.1% of the value of their homes in property taxes in the fourth quarter of 2022, which is more than 1.8 times the national average, according to the real estate analysis posted by the West Cook News.

The median sales price of a Cook County home in the fourth quarter of 2022 was $268,500, based on data from the 13,579 properties sold during that time. In 2022 the median tax bill for the county was $5,508, which is 2.1% 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 Harvey, Park Forest, and Oak Park paid the highest rates.

The following table compares Harvey 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 2022.

CityQ4 2022 SalesQ4 2022 Median PriceMedian tax 2022Effective tax rate
Harvey72$68,000$2,7944.1%
Park Forest85$130,000$5,2834.1%
Oak Park160$291,250$12,0404.1%
Dolton89$126,000$5,0874%
River Forest37$390,000$15,6324%
Hazel Crest54$129,000$4,7413.7%
Country Club Hills70$166,000$6,0153.6%
Worth51$135,000$4,9193.6%
Calumet City115$135,000$4,5583.4%
Burnham13$133,000$4,5783.4%
Thornton12$107,250$3,6803.4%
Flossmoor42$281,500$9,4913.4%
Olympia Fields15$270,000$9,3033.4%
Richton Park52$154,000$5,2113.4%
East Hazel Crest6$117,500$3,8113.2%
Bellwood35$204,000$6,5423.2%
Berkeley12$219,500$6,9413.2%
Buffalo Grove52$210,000$6,6613.2%
Lansing123$150,000$4,5753.1%
Riverside26$396,500$12,3543.1%
Maywood54$226,500$7,1253.1%
Hillside14$199,500$6,1723.1%
Matteson60$207,500$6,4573.1%
Forest Park66$217,500$6,6043%
Prospect Heights54$229,500$6,9503%
Riverdale40$110,000$3,2162.9%
South Holland80$208,750$5,9462.8%
Markham47$139,000$3,8992.8%
Glenwood37$170,000$4,7972.8%
Chicago Heights116$141,500$3,9582.8%
Bartlett49$287,000$8,0272.8%
Orland Hills12$217,500$5,9352.7%
Phoenix7$85,000$2,3302.7%
Forest View2$221,500$6,0382.7%
Hoffman Estates144$275,250$7,1992.6%
Homewood84$217,500$5,7332.6%
Tinley Park197$247,000$6,3702.6%
Posen7$126,000$3,2992.6%
Berwyn120$275,000$7,1742.6%
Arlington Heights261$315,000$8,2212.6%
Robbins11$80,000$2,1022.6%
Oak Forest103$248,000$6,4122.6%
Hickory Hills36$236,250$6,1812.6%
Golf2$765,000$19,7002.6%
Equestrian Estates1$490,000$12,3832.5%
Palatine278$270,000$6,7482.5%
Elmwood Park75$293,500$7,4632.5%
Midlothian50$197,500$4,9292.5%
Blue Island43$165,000$3,9892.4%
Cicero93$246,000$5,9212.4%
Alsip63$215,000$5,0782.4%
Hanover Park56$250,000$5,9272.4%
Lynwood30$240,000$5,5002.3%
Rolling Meadows70$250,000$5,7192.3%
River Grove34$262,500$5,9832.3%
Schiller Park28$250,000$5,6702.3%
Burr Ridge20$461,250$10,5032.3%
Summit22$232,000$5,3912.3%
Justice29$225,000$5,1322.3%
Brookfield52$305,000$7,1562.3%
Palos Heights50$315,000$7,1122.3%
Wheeling92$235,000$5,2892.3%
Northbrook149$485,000$11,2812.3%
Elgin89$210,000$4,8582.3%
Roselle8$260,250$6,0052.3%
Orland Park239$315,500$6,8152.2%
Inverness27$645,000$14,1592.2%
Sauk Village72$115,500$2,5342.2%
Schaumburg256$255,000$5,6952.2%
Bridgeview31$265,000$5,8872.2%
Broadview22$240,000$5,2382.2%
Evergreen Park68$240,000$5,3032.2%
Stickney21$244,000$5,4032.2%
Willow Springs24$300,500$6,3812.1%
Palos Park23$401,250$8,3212.1%
Northlake28$255,000$5,3482.1%
Mount Prospect162$358,000$7,6202.1%
La Grange56$513,750$10,6022.1%
Palos Hills64$195,000$4,1432.1%
La Grange Park50$413,000$8,5522.1%
Evanston189$376,000$7,9482.1%
Streamwood151$259,000$5,5592.1%
Oak Lawn218$232,000$4,9832.1%
Chicago Ridge42$173,750$3,6952.1%
Burbank91$252,000$5,3932.1%
Barrington Hills7$925,000$18,9172%
Park Ridge113$457,000$9,3302%
Western Springs55$590,000$11,6352%
Morton Grove65$370,000$7,4592%
Glenview174$475,000$9,2632%
Wilmette84$700,000$13,8382%
Barrington24$485,000$9,1001.9%
Franklin Park43$275,000$5,3291.9%
Melrose Park39$270,000$5,1271.9%
Niles77$306,000$5,9331.9%
Crestwood45$145,000$2,8151.9%
Lyons25$239,000$4,5501.9%
Hinsdale10$925,000$17,8861.9%
Westchester69$309,500$5,7861.9%
Stone Park6$335,000$6,3981.9%
North Riverside23$314,000$5,8351.9%
Lincolnwood34$440,000$8,2381.9%
South Barrington18$945,000$17,4761.8%
Lemont58$397,500$7,1561.8%
Harwood Heights30$319,500$5,7741.8%
Des Plaines270$268,750$4,8291.8%
Elk Grove Village94$312,000$5,7331.8%
Winnetka44$1,350,000$23,7371.8%
Northfield23$650,000$11,9971.8%
Skokie171$360,000$6,6531.8%
Hometown16$182,000$3,1981.8%
Merrionette Park9$168,000$3,0111.8%
Calumet Park24$169,000$2,9141.7%
Kenilworth6$1,922,500$32,3341.7%
Norridge32$351,250$5,7811.6%
South Chicago Heights15$160,000$2,6261.6%
La Grange Highlands8$403,500$6,6321.6%
Deercrest Estates3$350,000$5,7641.6%
Northbrook West3$415,000$6,5041.6%
Chicago5,868$284,000$4,3591.5%
Indian Head Park12$352,500$5,1521.5%
Countryside7$350,000$5,2641.5%
Bedford Park2$365,000$5,3931.5%
Fox Chase Estates2$518,500$7,4801.4%
Elmhurst1$255,000$3,5671.4%
Glencoe29$1,550,000$22,1711.4%
Glenbrook Countryside2$547,500$7,7141.4%
Rosemont8$501,250$6,4591.3%
Steger14$154,500$1,9001.2%
Southmoor2$737,500$8,7961.2%
Dixmoor7$115,000$1,3121.1%
Mission Hills Estates3$489,000$5,5691.1%

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