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Burr Ridge, Cook County, Illinois Property Taxes

  • Median Burr Ridge, IL effective property tax rate: 2.05%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.

  • Median Burr Ridge, IL home value: $481,545

  • Median annual Burr Ridge, IL tax bill: $9,605, $7,205 higher than the national median property tax bill of $2,400.

How are property taxes in Cook calculated?

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

Last Updated March 1, 2025

Burr Ridge, Cook County, Illinois Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.05%

Estimate Property Tax Bill

$9,872

$9,161

SAVE WITH OWNWELL

$1,102

Average Tax Savings

Ownwell’s Burr Ridge Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Burr Ridge with just two data points. By entering your property's estimated assessed value, our calculator applies Burr Ridge’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 Burr Ridge, 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. Below, you can compare Burr Ridge's effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S. Burr Ridge, located in Cook County, has an effective property tax rate of 2.05%, which is significantly higher than the national median of 1.02%. This places Burr Ridge among the higher property tax rates in the nation. The median property tax bill in Burr Ridge is also notably above the national median of $2,400. This reflects the county's approach to funding local services, which can lead to variations in tax rates even within the same state. Understanding these differences can help property owners make informed decisions about their investments and potential tax liabilities.

Property Tax Rates Across Burr Ridge, 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 Burr Ridge Tax Rate

2.05%

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 Burr Ridge, Cook County, Illinois

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
605271.75%1.90%2.05%2.12%2.24%

Source: Ownwell

Property Tax Assessment Values Across Burr Ridge, Cook County, Illinois

When examining property taxes in Burr Ridge, 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 Burr Ridge. For example, the median home price in Burr Ridge is $481,545, with tax bills ranging significantly across the county. 60527 has the highest median home price at $481,545.

Property Tax Assessment Values Across Burr Ridge, Cook County, Illinois

Source: Ownwell

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$25,480

$637,740

$1,250,000

Median Burr Ridge Market Value

$481,545

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 Burr Ridge, Cook County, Illinois

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
60527$8,340$289,105$481,545$723,022$1,049,688

Source: Ownwell

Property Tax Bills Across Burr Ridge, Cook County, Illinois

In Burr Ridge, located in Cook County, IL, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. Factors such as local government budgets, school funding, and public services influence the tax rate. Homeowners in Burr Ridge face a median property tax bill significantly higher than the national median of $2,400, with the 25th percentile at $5,303 and the 90th percentile reaching $22,160. Such high property taxes can impact homeowners' financial planning and affordability.

Ownwell offers a solution by helping homeowners appeal their property tax assessments, potentially reducing their tax burden. By analyzing local market data and assessment records, Ownwell identifies inaccuracies in property assessments and guides homeowners through the appeal process. This expertise can result in significant savings on property tax bills, providing financial relief and ensuring homeowners are not overpaying.

Property Tax Bills Across Burr Ridge, Cook County, Illinois

Source: Ownwell

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$569

$15,332

$30,094

Median Burr Ridge Tax Bill

$9,605

Median Cook County Tax Bill

$4,680

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Burr Ridge, Cook County, Illinois

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
60527$177$5,303$9,605$14,974$22,160

Source: Ownwell

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