Burnham, Cook County, Illinois Property Taxes
Median Burnham, IL effective property tax rate: 3.89%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Burnham, IL home value: $53,705
Median annual Burnham, IL tax bill: $1,510, $890 lower than the national median property tax bill of $2,400.
How are property taxes in Cook calculated?
Property taxes in Burnham, 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 Burnham’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Burnham, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Burnham, Cook County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
3.89%
Estimate Property Tax Bill
$2,089
$1,939
$1,102
Average Tax Savings
Property Tax Rates Across Burnham, Cook County, Illinois
Local government entities set tax rates, which can vary widely within a state. Annually, each county 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 Burnham, located in Cook County, Illinois, property owners face an effective property tax rate that stands out when compared to other cities in Illinois and the U.S. The median property tax rate in Burnham is significantly higher than the national median property tax rate of 1.02%. This means property owners in Burnham are contributing a larger share of their property's value towards local services. For potential homeowners, understanding these local tax rates is crucial, as it directly impacts the overall cost of owning property in the area. Whether you're considering purchasing property or are a current homeowner, being informed about these rates can help you make better financial decisions.
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 Burnham Tax Rate
3.89%
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 Burnham, Cook County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60633 | 1.86% | 2.60% | 3.89% | 7.05% | 7.06% |
Source: Ownwell
$1,102
Average Burnham Tax Savings
Save on your property taxes & more with Ownwell
Property Tax Assessment Values Across Burnham, Cook County, Illinois
When examining property taxes in Burnham, 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 Burnham.
For example, the median home price in Burnham is $53,705, with tax bills ranging significantly across the county. 60633 has the highest median home price at $53,705.
Property Tax Assessment Values Across Burnham, Cook County, Illinois
Source: Ownwell
$25,480
$637,740
$1,250,000
Median Burnham Market Value
$53,705
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 Burnham, Cook County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60633 | $17,513 | $48,455 | $53,705 | $87,818 | $95,549 |
Source: Ownwell
$1,102
Average Burnham Tax Savings
Save on your property taxes & more with Ownwell
Property Tax Bills Across Burnham, Cook County, Illinois
In Burnham, IL, located in Cook County, property tax bills are calculated based on the assessed value of a home. The median home price in Burnham is $53,705, and property taxes are determined by applying the local tax rate to this assessed value. Homeowners in Burnham may find themselves paying a property tax bill at the 25th percentile of $1,317 or as high as the 90th percentile of $4,596. The median tax bill in the area is notably higher than the national median, reflecting the local tax rate and assessment practices. This can significantly impact homeowners, as high property taxes can strain household budgets.
Ownwell offers valuable assistance to homeowners in Burnham by providing property tax appeal and exemption services. By reviewing property assessments and identifying discrepancies, Ownwell can help homeowners reduce their tax burden. This service ensures that homeowners are not overpaying and can maintain more financial stability. With expert guidance, Ownwell can help make property taxes more manageable for Burnham residents.
Median Burnham Tax Bill
$1,510
Median Cook County Tax Bill
$4,680
Median Illinois Tax Bill
$4,715
Median United States Tax Bill
$2,400
Property Tax Bills Across Burnham, Cook County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60633 | $774 | $1,317 | $1,510 | $3,529 | $4,596 |
Source: Ownwell
$1,102
Average Burnham 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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