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Alsip, Cook County, Illinois Property Taxes

  • Median Alsip, IL effective property tax rate: 3.02%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.

  • Median Alsip, IL home value: $156,480

  • Median annual Alsip, IL tax bill: $4,428, $2,028 higher than the national median property tax bill of $2,400.

How are property taxes in Cook calculated?

Property taxes in Alsip, IL are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Alsip’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Alsip, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Alsip, Cook County, Illinois Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

3.02%

Estimate Property Tax Bill

$4,726

$4,385

SAVE WITH OWNWELL

$1,102

Average Tax Savings

Ownwell’s Alsip Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Alsip with just two data points. By entering your property's estimated assessed value, our calculator applies Alsip’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a more precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Cook County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Alsip, Cook County, Illinois

Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget annually to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.

Alsip, located in Cook County, Illinois, has an effective property tax rate that stands out in comparison to other cities in Illinois. With a median property tax rate of 3.02%, Alsip's rate is significantly higher than the national median property tax rate of 1.02%. This means property owners in Alsip face a considerably larger tax burden than the average American homeowner. The high tax rate is reflective of the county's budgetary needs and the value of the taxable properties within its jurisdiction.

Understanding these rates is crucial for property owners looking to manage their tax liabilities effectively. By comparing Alsip’s property tax rate to other cities in Illinois and the U.S., property owners can better assess their financial obligations and explore potential appeal and exemption opportunities.

Property Tax Rates Across Alsip, Cook County, Illinois

Source: Ownwell

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1.47%

4.93%

8.39%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Alsip Tax Rate

3.02%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Cook County Tax Rate

2.01%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Alsip, Cook County, Illinois

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
608031.48%2.39%3.02%3.32%3.82%

Source: Ownwell

Property Tax Assessment Values Across Alsip, Cook County, Illinois

When examining property taxes in Alsip, IL, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Cook County Assessor's Office estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Cook County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Alsip.

For example, the median home price in Alsip is $156,480, with tax bills ranging significantly across the county. ZIP code 60803 has the highest median home price at $156,480.

Property Tax Assessment Values Across Alsip, Cook County, Illinois

Source: Ownwell

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$25,480

$637,740

$1,250,000

Median Alsip Market Value

$156,480

Median Cook County Market Value

$210,000

Median Illinois Market Value

$194,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Alsip, Cook County, Illinois

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
60803$55,690$116,778$156,480$184,305$215,714

Source: Ownwell

Property Tax Bills Across Alsip, Cook County, Illinois

In Alsip, Cook County, IL, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor’s office. This value is typically a percentage of the market value of the property. Alsip's property tax bills are notably high, with the median tax bill at $4,428, significantly above the national median of $2,400. Factors such as local tax rates, school district funding needs, and municipal budgets all influence the final tax bill. Homeowners in Alsip face a considerable financial burden due to these high property taxes, which can impact household budgets and overall affordability. Ownwell assists homeowners by offering property tax appeal and exemption services, potentially reducing their tax liabilities. By analyzing property assessments and identifying discrepancies or opportunities for exemptions, Ownwell helps clients in Alsip lower their property tax bills, ensuring they only pay their fair share. This service can lead to substantial savings and provide financial relief for homeowners burdened by high property taxes.

Property Tax Bills Across Alsip, Cook County, Illinois

Source: Ownwell

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$569

$15,332

$30,094

Median Alsip Tax Bill

$4,428

Median Cook County Tax Bill

$4,680

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Alsip, Cook County, Illinois

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
60803$1,141$2,545$4,428$5,734$6,850

Source: Ownwell

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