Burbank, Cook County, Illinois Property Taxes
Median Burbank, IL effective property tax rate: 2.96%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Burbank, IL home value: $171,535
Median annual Burbank, IL tax bill: $4,850, $2,450 higher than the national median property tax bill of $2,400.
How are property taxes in Cook County calculated?
Property taxes in Burbank, 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 Burbank’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Burbank, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Burbank, Cook County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.96%
Estimate Property Tax Bill
$5,077
$4,712
$1,102
Average Tax Savings
Ownwell’s Burbank Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Burbank with just two data points.
By entering your property's estimated assessed value, our calculator applies Burbank’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 Burbank, Cook County, Illinois
Local government entities determine tax rates, which can differ significantly within a state. This variance is because each year, counties estimate their required budget to provide services and divide that by the total value of all taxable property within their jurisdiction. This calculation results in the property tax rate. Although votes and laws play a role in setting tax rates and budgets, this is the essence of the annual process.
In Burbank, located in Cook County, Illinois, the property tax rate is notably higher than the national median. Illinois has one of the highest median property tax rates in the country, significantly surpassing the national median property tax rate of 1.02%. This means homeowners in Burbank face property tax bills that are considerably above the national median of $2,400. When comparing Burbank’s effective property tax rate to other cities in Illinois, and the median property tax rates in Illinois and the U.S., it becomes clear that property taxes in this area are particularly burdensome. Understanding these rates can help homeowners in Burbank make informed decisions about property tax appeals and exemptions, potentially leading to significant savings.
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 Burbank Tax Rate
2.96%
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 Burbank, Cook County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60459 | 1.53% | 2.52% | 2.96% | 3.19% | 3.69% |
Source: Ownwell
$1,102
Average Burbank Tax Savings
Save on your property taxes & more with Ownwell
Property Tax Assessment Values Across Burbank, Cook County, Illinois
When examining property taxes in Burbank, Illinois, 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 Burbank.
For example, the median home price in Burbank is $171,535, with tax bills ranging significantly across the county. Zip code 60459 has the highest median home price at $171,535.
Property Tax Assessment Values Across Burbank, Cook County, Illinois
Source: Ownwell
$25,480
$637,740
$1,250,000
Median Burbank Market Value
$171,535
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 Burbank, Cook County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60459 | $88,760 | $145,190 | $171,535 | $197,248 | $246,785 |
Source: Ownwell
$1,102
Average Burbank Tax Savings
Save on your property taxes & more with Ownwell
Property Tax Bills Across Burbank, Cook County, Illinois
Median Burbank Tax Bill
$4,850
Median Cook County Tax Bill
$4,680
Median Illinois Tax Bill
$4,715
Median United States Tax Bill
$2,400
Property Tax Bills Across Burbank, Cook County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60459 | $1,966 | $3,193 | $4,850 | $6,094 | $7,621 |
Source: Ownwell
$1,102
Average Burbank 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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