Berkeley, Cook County, Illinois Property Taxes
Median Berkeley, IL effective property tax rate: 3.56%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Berkeley, IL home value: $180,325
Median annual Berkeley, IL tax bill: $6,294, $3,894 higher than the national median property tax bill of $2,400.
How are property taxes in Cook calculated?
Property taxes in Berkeley, 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 Berkeley’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Berkeley, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Berkeley, Cook County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
3.56%
Estimate Property Tax Bill
$6,420
$5,957
$1,102
Average Tax Savings
Property Tax Rates Across Berkeley, Cook County, Illinois
Local government entities set tax rates, which can vary widely within a state. This variation occurs because each county annually estimates its required budget 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.
In Berkeley, located in Cook County, Illinois, the effective property tax rate is notably higher than both the state and national medians. With a median tax rate of 3.56%, Berkeley stands out, especially when compared to the national median property tax rate of 1.02%. This substantial difference highlights the unique financial landscape of Berkeley, where property tax bills are significantly higher than the national median bill of $2,400.
Understanding these figures is crucial for property owners, as it underscores the importance of exploring property tax appeal and exemption services. By doing so, you can potentially reduce your tax burden and ensure you're not overpaying. It's essential to stay informed about local tax rates and leverage available resources to manage your property expenses effectively.
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 Berkeley Tax Rate
3.56%
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 Berkeley, Cook County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60163 | 1.55% | 2.94% | 3.56% | 3.65% | 4.38% |
Source: Ownwell
$1,102
Average Berkeley Tax Savings
Save on your property taxes & more with Ownwell
Property Tax Assessment Values Across Berkeley, Cook County, Illinois
When examining property taxes in Berkeley, 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 May. 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 Berkeley.
For example, the median home price in Berkeley is $180,325, with tax bills ranging significantly across the county. Zip code 60163 has the highest median home price at $180,325.
Property Tax Assessment Values Across Berkeley, Cook County, Illinois
Source: Ownwell
$25,480
$637,740
$1,250,000
Median Berkeley Market Value
$180,325
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 Berkeley, Cook County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60163 | $165,107 | $172,930 | $180,325 | $187,930 | $202,283 |
Source: Ownwell
$1,102
Average Berkeley Tax Savings
Save on your property taxes & more with Ownwell
Property Tax Bills Across Berkeley, Cook County, Illinois
In Berkeley, IL, property tax bills are calculated based on the assessed value of the property, which is a percentage of the market value determined by the local assessor. Factors such as property size, location, and improvements can influence this assessment. Berkeley's property taxes are notably higher than the national median, with the median tax bill standing at $6,294. This is significantly above the national median property tax bill of $2,400, reflecting the area's higher tax rate. For homeowners, these taxes can be a substantial financial burden, especially when compared to the median home price of $180,325 in the area.
Ownwell offers a solution by providing property tax appeal services that can help homeowners reduce their tax bills. By leveraging expertise in local tax regulations and assessment practices, Ownwell can identify discrepancies in property assessments and file appeals on behalf of homeowners. This service not only aims to lower the tax burden but also ensures that homeowners are paying a fair amount relative to their property's true assessed value.
Median Berkeley Tax Bill
$6,294
Median Cook County Tax Bill
$4,680
Median Illinois Tax Bill
$4,715
Median United States Tax Bill
$2,400
Property Tax Bills Across Berkeley, Cook County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60163 | $2,564 | $5,271 | $6,294 | $6,890 | $7,929 |
Source: Ownwell
$1,102
Average Berkeley 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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