Cicero, Illinois Property Taxes
The median property tax rate in Cicero, IL is 3.37%, considerably higher than both the national median of 0.99% and the Illinois state median of 2.35%. With the median home value in Cicero at $152,620, the typical annual property tax bill reaches $4,830, exceeding the national median of $2,690. Property taxes in Cicero are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Cicero's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Cicero or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Cicero, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.37%
Estimate Property Tax Bill
$5,143
$5,026
$1,148
Average Cicero, Illinois Tax Savings
Ownwell’s Cicero Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cicero with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cicero to estimate your property tax bill. This insightful tool not only helps you understand potential tax liabilities but also illustrates how Ownwell can assist in reducing property taxes in Cicero. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Cicero, Illinois
Property taxes in Cicero, Illinois, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cicero is 3.37%, significantly higher than the U.S. national median of 0.99%. Local government entities within Cicero set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cicero estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Cicero's effective property tax rate to other counties in Illinois and the national median. For comparison, the 60804 zip code in Cicero has the highest median property tax rate of 3.37%, while the same zip code also has the lowest median tax rate of 3.37%. Understanding how these cities compare with Cicero provides valuable insights into the varying tax landscape across Cook County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cicero Tax Rate
3.37%
Average Cook County Tax Rate
2.01%
Average Illinois Tax Rate
2.35%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cicero, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60804 | 1.19% | 2.86% | 3.37% | 3.54% | 4.32% |
Source: Ownwell
$1,148
Average Cicero Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Cicero, Illinois
In Cicero, Illinois, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Cook County Assessor's Office for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Cicero, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. The median home price in Cicero is $152,620, with tax bills ranging from $3,112 at the 25th percentile to $6,857 at the 90th percentile. Notably, the zip code 60804 has both the highest and lowest median tax bill, which is $4,830. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Cicero Assessed Value
$152,620
Average Cook County Assessed Value
$210,000
Average Illinois Assessed Value
$194,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cicero, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60804 | $90,340 | $122,540 | $152,620 | $169,930 | $182,520 |
Source: Ownwell
$1,148
Average Cicero Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Cicero, Illinois
In Cicero, Cook County, IL, property tax bills are calculated based on the assessed value of the property, which is a percentage of the market value. The local tax rate is then applied to this assessed value to determine the final tax bill. Factors such as property type, exemptions, and local levies influence this calculation. For instance, the median home price in Cicero is $152,620, with tax bills ranging from $3,112 at the 25th percentile to $6,857 at the 90th percentile, significantly higher than the national median property tax rate of 0.99%. Homeowners in Cicero often face substantial property tax bills, impacting their financial planning and home affordability. This is where Ownwell can make a difference. By providing expert property tax appeal and exemption services, Ownwell helps homeowners ensure their property is fairly assessed and identifies potential savings. This can result in significant reductions in annual tax bills, offering financial relief and peace of mind. Trust Ownwell to advocate for your best interests and help you save on property taxes.
Average Cicero Tax Bill
$4,830
Average Cook County Tax Bill
$4,680
Average Illinois Tax Bill
$4,715
Average United States Tax Bill
$2,690
Property Tax Bills Across Cicero, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60804 | $1,315 | $3,112 | $4,830 | $5,893 | $6,857 |
Source: Ownwell
$1,148
Average Cicero Tax Savings
Save on your property taxes & more with Ownwell.
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Tax Bill | |
| Issued | February 1 |
| Due Date #1 | March 1 |
| Due Date #2 | August 1 |
Links | |
|---|---|
| Cook Assessor’s Office | |
| Phone | (312) 443-7550 |
| Website | assessorpropertydetails.cookcountyil.gov |
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