Evanston, Illinois Property Taxes
The median property tax rate in Evanston, IL is 1.98%, considerably higher than both the national median of 0.99% and the Illinois state median of 2.35%. With the median home value in Evanston, the typical annual property tax bill reaches $6,709, exceeding the national median of $2,690. Property taxes in Evanston 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 Evanston'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 Evanston 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
Evanston, Illinois Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
2.35%
Estimate Property Tax Bill
$4,700
$3,552
$1,148
Average Evanston, Illinois Tax Savings
Ownwell’s Evanston Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Evanston with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Evanston 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 Evanston. 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 Evanston, Illinois
Property taxes in Evanston, Illinois, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Evanston is 1.98%, significantly higher than the U.S. national median of 0.99%. Local government entities within Evanston set these rates annually, and they can vary significantly across different neighborhoods. Each year, Evanston 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 Evanston's effective property tax rate to other areas in Cook County and the national median. For comparison, the 60201 zip code has the highest median property tax rate of 2.06%, while the 60203 zip code has the lowest median tax rate of 1.89%. Understanding how these cities compare with Evanston 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 Evanston Tax Rate
1.98%
Average Cook County Tax Rate
2.01%
Average Illinois Tax Rate
2.35%
Average United States Tax Rate
0.99%
Property Tax Rates Across Evanston, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60201 | 1.47% | 1.79% | 2.06% | 2.28% | 2.44% |
| 60202 | 1.25% | 1.61% | 1.89% | 2.15% | 2.37% |
| 60203 | 1.43% | 1.65% | 1.89% | 2.10% | 2.27% |
Source: Ownwell
$1,148
Average Evanston Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Evanston, Illinois
In Evanston, 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 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 Evanston, 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. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. For instance, the highest median tax bill in Evanston is in the 60201 zip code at $8,455, while the lowest is in the 60202 zip code at $5,356. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Evanston Assessed Value
$350,000
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 Evanston, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60201 | $131,210 | $244,060 | $420,000 | $661,528 | $912,825 |
| 60202 | $105,790 | $171,695 | $290,405 | $441,440 | $710,000 |
| 60203 | $202,294 | $280,000 | $411,600 | $530,000 | $680,010 |
Source: Ownwell
$1,148
Average Evanston Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Evanston, Illinois
In Evanston, Cook County, IL, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to determine the tax bill. Factors such as the median home price, currently $350,000, and the specific tax rate for the area play crucial roles in this calculation. Homeowners in Evanston face significant variability in their tax bills, with the 25th percentile paying around $3,673, while those in the 90th percentile face bills as high as $16,878. The highest median tax bill in the area is $8,455 in ZIP code 60201, contrasting with the lowest median tax bill of $5,356 in ZIP code 60202. Ownwell can help homeowners in Evanston save on their property tax bills by providing expert property tax appeal and exemption services. By ensuring that your property's assessed value is accurate and taking advantage of all available exemptions, Ownwell can help reduce the financial burden of property taxes.
Average Evanston Tax Bill
$6,709
Average Cook County Tax Bill
$4,680
Average Illinois Tax Bill
$4,715
Average United States Tax Bill
$2,690
Property Tax Bills Across Evanston, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60201 | $1,332 | $4,242 | $8,455 | $13,901 | $18,676 |
| 60202 | $992 | $2,947 | $5,356 | $8,430 | $14,154 |
| 60203 | $3,413 | $4,912 | $7,442 | $10,357 | $13,824 |
Source: Ownwell
$1,148
Average Evanston 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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