Chicago, Cook County, Illinois Property Taxes
Median CHICAGO, IL effective property tax rate: 1.90%, significantly higher than the national median of 1.02%, but lower than the IL state median of 2.35%.
Median CHICAGO, IL home value: $208,120
Median annual CHICAGO, IL tax bill: $3,503, $1,103 higher than the national median property tax bill of $2,400.
How are property taxes in Cook calculated?
Property taxes in CHICAGO, 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 CHICAGO’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in CHICAGO, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Chicago, Cook County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.9%
Estimate Property Tax Bill
$3,954
$3,669
$1,102
Average Tax Savings
Property Tax Rates Across Chicago, Cook County, Illinois
Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is the annual process in a nutshell.
In Chicago, located in Cook County, the effective property tax rate stands out compared to other cities in Illinois. Chicago's property tax rate is notably higher than the national median of 1.02%. Within Cook County, the highest median tax rate is found in the 60606 zip code, while the lowest is in the 60617 zip code. This variation highlights the impact of local government decisions on property taxes.
Understanding these differences can be crucial for property owners looking to appeal their assessed values or seek exemptions. Comparing Chicago's tax rate to the state and national medians can provide valuable insights for property owners aiming to manage their tax liabilities 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 Chicago Tax Rate
1.90%
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%
Chicago, Illinois vs Similar Illinois Cities
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 Arlington Heights Tax Rate
2.15%
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 Cicero Tax Rate
3.37%
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 Evanston Tax Rate
1.98%
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 Schaumburg Tax Rate
2.05%
Property Tax Rates Across Chicago, Cook County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60601 | 1.75% | 1.93% | 2.01% | 2.01% | 2.01% |
| 60602 | 1.75% | 2.01% | 2.01% | 2.01% | 2.01% |
| 60603 | 1.88% | 2.01% | 2.01% | 2.01% | 2.09% |
| 60604 | 1.83% | 2.01% | 2.01% | 2.01% | 2.01% |
| 60605 | 1.75% | 1.88% | 2.01% | 2.02% | 2.02% |
| 60606 | 1.77% | 1.92% | 2.02% | 2.13% | 2.33% |
| 60607 | 1.78% | 1.89% | 2.02% | 2.02% | 2.02% |
| 60608 | 1.47% | 1.74% | 1.92% | 2.02% | 2.02% |
| 60609 | 0.80% | 1.45% | 1.85% | 2.01% | 2.01% |
| 60610 | 1.70% | 1.87% | 2.01% | 2.01% | 2.06% |
| 60611 | 1.76% | 1.95% | 2.01% | 2.01% | 2.16% |
| 60612 | 1.57% | 1.78% | 2.01% | 2.02% | 2.02% |
| 60613 | 1.56% | 1.79% | 2.01% | 2.01% | 2.08% |
| 60614 | 1.75% | 1.89% | 2.01% | 2.01% | 2.03% |
| 60615 | 1.29% | 1.66% | 1.95% | 2.01% | 2.02% |
| 60616 | 1.62% | 1.81% | 2.01% | 2.02% | 2.02% |
| 60617 | 0.51% | 0.92% | 1.47% | 2.01% | 2.02% |
| 60618 | 1.64% | 1.83% | 1.93% | 2.02% | 2.07% |
| 60619 | 0.64% | 1.18% | 1.62% | 2.01% | 2.01% |
| 60620 | 0.36% | 1.01% | 1.56% | 2.01% | 2.02% |
| 60621 | 0.34% | 1.39% | 2.01% | 2.01% | 2.02% |
| 60622 | 1.80% | 1.88% | 2.01% | 2.01% | 2.07% |
| 60623 | 0.67% | 1.30% | 1.64% | 2.01% | 2.10% |
| 60624 | 0.75% | 1.17% | 1.93% | 2.02% | 2.02% |
| 60625 | 1.50% | 1.74% | 1.91% | 2.01% | 2.08% |
| 60626 | 1.40% | 1.62% | 1.98% | 2.01% | 2.01% |
| 60628 | 0.36% | 1.01% | 1.57% | 2.02% | 2.02% |
| 60629 | 0.95% | 1.53% | 1.64% | 1.72% | 2.01% |
| 60630 | 1.08% | 1.63% | 1.80% | 1.94% | 2.01% |
| 60631 | 1.21% | 1.67% | 1.82% | 1.92% | 2.01% |
| 60632 | 0.86% | 1.46% | 1.66% | 1.82% | 2.01% |
| 60633 | 0.80% | 1.35% | 1.68% | 2.74% | 5.38% |
| 60634 | 1.00% | 1.60% | 1.76% | 1.88% | 2.01% |
| 60636 | 0.25% | 0.86% | 2.01% | 2.01% | 2.01% |
| 60637 | 1.19% | 1.63% | 2.01% | 2.01% | 2.02% |
| 60638 | 0.83% | 1.52% | 1.71% | 2.01% | 2.01% |
| 60639 | 1.15% | 1.59% | 1.71% | 2.01% | 2.01% |
| 60640 | 1.49% | 1.74% | 2.01% | 2.01% | 2.08% |
| 60641 | 1.18% | 1.70% | 1.81% | 2.01% | 2.02% |
| 60642 | 1.80% | 1.87% | 2.01% | 2.01% | 2.11% |
| 60643 | 0.59% | 1.31% | 1.71% | 2.02% | 2.02% |
| 60644 | 0.46% | 1.12% | 1.66% | 2.01% | 2.01% |
| 60645 | 1.13% | 1.55% | 1.81% | 2.01% | 2.01% |
| 60646 | 1.48% | 1.77% | 1.86% | 1.96% | 2.02% |
| 60647 | 1.75% | 1.85% | 2.01% | 2.02% | 2.07% |
| 60649 | 0.79% | 1.41% | 2.01% | 2.01% | 2.01% |
| 60651 | 0.56% | 1.43% | 1.68% | 2.01% | 2.01% |
| 60652 | 0.94% | 1.54% | 1.65% | 1.73% | 2.03% |
| 60653 | 1.54% | 1.71% | 2.00% | 2.02% | 2.02% |
| 60654 | 1.81% | 1.97% | 2.01% | 2.01% | 2.02% |
| 60655 | 1.36% | 1.59% | 1.71% | 1.82% | 2.02% |
| 60656 | 1.01% | 1.56% | 1.79% | 2.01% | 2.01% |
| 60657 | 1.67% | 1.84% | 2.01% | 2.01% | 2.07% |
| 60659 | 1.17% | 1.62% | 1.85% | 2.01% | 2.02% |
| 60660 | 1.31% | 1.63% | 1.89% | 2.01% | 2.01% |
| 60661 | 1.79% | 1.94% | 2.02% | 2.02% | 2.02% |
| 60707 | 1.12% | 1.58% | 1.72% | 1.88% | 2.01% |
| 60827 | 0.78% | 1.72% | 2.02% | 2.02% | 2.18% |
| 60068 | N/A | N/A | N/A | N/A | N/A |
| 60706 | N/A | N/A | N/A | N/A | N/A |
| 60803 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
$1,102
Average Chicago Tax Savings
Save on your property taxes & more with Ownwell
Property Tax Assessment Values Across Chicago, Cook County, Illinois
When examining property taxes in Chicago, 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 Chicago. For example, the median home price in Chicago is $208,120, with tax bills ranging significantly across the county. Zip code 60622 has the highest median home price at $444,735.
Property Tax Assessment Values Across Chicago, Cook County, Illinois
Source: Ownwell
$25,480
$637,740
$1,250,000
Median Chicago Market Value
$208,120
Median Cook County Market Value
$210,000
Median Illinois Market Value
$194,700
Median United States Market Value
$235,294
Chicago, Illinois vs Similar Illinois Cities
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 Arlington Heights Market Value
$350,000
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 Cicero Market Value
$152,620
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 Evanston Market Value
$350,000
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 Schaumburg Market Value
$258,215
Property Tax Assessment Values Across Chicago, Cook County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60601 | $33,300 | $128,390 | $301,830 | $510,000 | $832,906 |
| 60602 | $50,000 | $60,000 | $70,000 | $406,880 | $925,592 |
| 60603 | $24,600 | $52,140 | $181,520 | $585,580 | $954,550 |
| 60604 | $17,000 | $20,000 | $220,000 | $480,000 | $750,000 |
| 60605 | $10,000 | $30,000 | $220,925 | $361,000 | $560,735 |
| 60606 | $32,290 | $52,410 | $225,000 | $356,355 | $494,970 |
| 60607 | $19,700 | $35,000 | $267,360 | $418,170 | $649,650 |
| 60608 | $19,380 | $167,520 | $260,000 | $340,010 | $490,000 |
| 60609 | $30,000 | $65,000 | $140,000 | $278,985 | $420,000 |
| 60610 | $21,710 | $130,315 | $252,300 | $445,920 | $760,000 |
| 60611 | $27,280 | $60,000 | $266,400 | $496,160 | $948,900 |
| 60612 | $24,170 | $141,710 | $230,000 | $373,080 | $590,000 |
| 60613 | $20,000 | $117,900 | $200,000 | $362,860 | $660,000 |
| 60614 | $25,760 | $200,310 | $420,000 | $720,000 | $1,309,320 |
| 60615 | $60,000 | $110,000 | $188,890 | $320,000 | $540,000 |
| 60616 | $10,010 | $30,000 | $220,000 | $340,000 | $460,000 |
| 60617 | $50,000 | $65,000 | $110,000 | $131,910 | $176,906 |
| 60618 | $95,010 | $250,000 | $425,750 | $580,000 | $878,580 |
| 60619 | $56,072 | $81,755 | $120,000 | $160,000 | $200,000 |
| 60620 | $60,000 | $80,000 | $130,000 | $150,000 | $170,000 |
| 60621 | $21,340 | $25,010 | $35,010 | $50,010 | $90,000 |
| 60622 | $50,400 | $301,190 | $444,735 | $646,620 | $936,190 |
| 60623 | $50,000 | $80,000 | $140,000 | $176,390 | $212,250 |
| 60624 | $45,000 | $58,010 | $80,000 | $140,010 | $199,232 |
| 60625 | $80,775 | $160,002 | $297,005 | $459,915 | $680,000 |
| 60626 | $45,000 | $110,010 | $160,000 | $240,000 | $370,000 |
| 60628 | $30,000 | $48,520 | $85,000 | $130,000 | $150,000 |
| 60629 | $120,000 | $150,000 | $170,000 | $190,000 | $210,000 |
| 60630 | $146,210 | $250,000 | $310,000 | $340,010 | $428,790 |
| 60631 | $152,090 | $288,505 | $350,000 | $440,000 | $517,128 |
| 60632 | $110,000 | $141,475 | $180,000 | $210,000 | $240,000 |
| 60633 | $50,840 | $80,000 | $100,000 | $140,000 | $150,492 |
| 60634 | $180,000 | $220,000 | $280,000 | $310,000 | $340,000 |
| 60636 | $25,000 | $31,980 | $40,000 | $65,000 | $90,000 |
| 60637 | $45,000 | $80,010 | $131,910 | $230,000 | $470,000 |
| 60638 | $130,000 | $190,490 | $220,000 | $240,000 | $279,328 |
| 60639 | $143,543 | $170,010 | $210,000 | $239,985 | $290,000 |
| 60640 | $15,000 | $105,600 | $210,000 | $330,000 | $500,000 |
| 60641 | $135,000 | $230,000 | $300,000 | $360,000 | $490,000 |
| 60642 | $24,400 | $251,835 | $395,470 | $543,045 | $716,190 |
| 60643 | $50,010 | $85,010 | $150,000 | $260,000 | $360,000 |
| 60644 | $55,010 | $70,010 | $120,000 | $170,000 | $210,000 |
| 60645 | $83,930 | $120,000 | $190,000 | $340,000 | $413,820 |
| 60646 | $270,000 | $330,000 | $420,000 | $529,642 | $630,000 |
| 60647 | $18,780 | $240,000 | $380,650 | $560,000 | $770,000 |
| 60649 | $20,000 | $30,000 | $80,000 | $150,000 | $210,000 |
| 60651 | $130,000 | $160,000 | $190,000 | $220,000 | $280,000 |
| 60652 | $130,000 | $170,000 | $180,000 | $200,000 | $210,000 |
| 60653 | $10,250 | $157,760 | $220,010 | $310,000 | $400,000 |
| 60654 | $11,442 | $30,000 | $250,000 | $413,745 | $569,800 |
| 60655 | $140,000 | $190,000 | $223,665 | $260,000 | $330,000 |
| 60656 | $100,000 | $140,000 | $290,000 | $334,880 | $420,000 |
| 60657 | $30,000 | $187,300 | $320,000 | $537,110 | $850,010 |
| 60659 | $80,000 | $114,000 | $260,000 | $377,995 | $450,000 |
| 60660 | $74,130 | $120,000 | $192,000 | $285,430 | $450,001 |
| 60661 | $19,620 | $24,710 | $208,860 | $337,200 | $457,190 |
| 60707 | $110,430 | $190,000 | $230,000 | $290,000 | $320,000 |
| 60827 | $23,947 | $26,425 | $30,000 | $30,585 | $35,359 |
| 60068 | N/A | N/A | N/A | N/A | N/A |
| 60706 | N/A | N/A | N/A | N/A | N/A |
| 60803 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
$1,102
Average Chicago Tax Savings
Save on your property taxes & more with Ownwell
Property Tax Bills Across Chicago, Cook County, Illinois
Median Chicago Tax Bill
$3,503
Median Cook County Tax Bill
$4,680
Median Illinois Tax Bill
$4,715
Median United States Tax Bill
$2,400
Chicago, Illinois vs Similar Illinois Cities
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 Arlington Heights Tax Bill
$7,370
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 Cicero Tax Bill
$4,830
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 Evanston Tax Bill
$6,709
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 Schaumburg Tax Bill
$5,152
Property Tax Bills Across Chicago, Cook County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60601 | $660 | $1,313 | $5,564 | $9,251 | $14,345 |
| 60602 | $788 | $1,106 | $1,407 | $7,842 | $18,019 |
| 60603 | $379 | $1,048 | $3,224 | $11,405 | $18,789 |
| 60604 | $342 | $402 | $4,223 | $9,217 | $14,961 |
| 60605 | $202 | $605 | $4,156 | $6,871 | $10,859 |
| 60606 | $651 | $818 | $4,141 | $6,947 | $9,881 |
| 60607 | $365 | $652 | $5,029 | $8,070 | $12,442 |
| 60608 | $391 | $2,376 | $4,442 | $6,234 | $9,350 |
| 60609 | $202 | $782 | $2,146 | $4,822 | $7,641 |
| 60610 | $414 | $1,825 | $4,822 | $8,580 | $14,729 |
| 60611 | $603 | $1,443 | $5,228 | $9,853 | $19,242 |
| 60612 | $462 | $2,421 | $4,284 | $6,859 | $11,433 |
| 60613 | $402 | $1,944 | $3,622 | $6,882 | $12,617 |
| 60614 | $519 | $3,810 | $7,962 | $14,010 | $25,940 |
| 60615 | $805 | $1,910 | $3,217 | $5,632 | $10,008 |
| 60616 | $202 | $598 | $3,810 | $6,196 | $8,642 |
| 60617 | $336 | $741 | $1,345 | $2,151 | $2,823 |
| 60618 | $1,217 | $4,092 | $7,802 | $11,135 | $17,227 |
| 60619 | $488 | $1,043 | $1,743 | $2,614 | $3,419 |
| 60620 | $358 | $799 | $1,743 | $2,548 | $3,016 |
| 60621 | $137 | $402 | $603 | $1,005 | $1,709 |
| 60622 | $930 | $5,594 | $8,523 | $12,658 | $18,701 |
| 60623 | $637 | $1,133 | $2,145 | $2,950 | $3,833 |
| 60624 | $436 | $877 | $1,412 | $2,413 | $3,565 |
| 60625 | $1,005 | $2,749 | $5,044 | $8,407 | $13,004 |
| 60626 | $400 | $1,743 | $2,815 | $4,357 | $6,838 |
| 60628 | $260 | $538 | $1,109 | $1,950 | $2,621 |
| 60629 | $1,266 | $2,145 | $2,749 | $3,219 | $3,754 |
| 60630 | $1,981 | $3,555 | $5,366 | $6,258 | $7,908 |
| 60631 | $2,172 | $4,054 | $6,167 | $7,978 | $9,652 |
| 60632 | $1,106 | $1,944 | $2,816 | $3,553 | $4,223 |
| 60633 | $677 | $1,211 | $1,950 | $2,864 | $4,551 |
| 60634 | $2,188 | $3,340 | $4,562 | $5,564 | $6,238 |
| 60636 | $124 | $379 | $653 | $1,005 | $1,508 |
| 60637 | $502 | $1,307 | $2,347 | $4,223 | $8,447 |
| 60638 | $1,344 | $2,552 | $3,754 | $4,223 | $5,059 |
| 60639 | $1,869 | $2,619 | $3,419 | $4,226 | $5,329 |
| 60640 | $312 | $1,671 | $3,662 | $6,167 | $9,385 |
| 60641 | $2,055 | $3,438 | $5,182 | $6,601 | $9,242 |
| 60642 | $490 | $4,732 | $7,642 | $10,602 | $13,809 |
| 60643 | $437 | $1,076 | $2,353 | $4,386 | $6,453 |
| 60644 | $379 | $939 | $1,624 | $2,927 | $3,754 |
| 60645 | $939 | $1,930 | $3,217 | $6,033 | $7,643 |
| 60646 | $3,766 | $5,582 | $7,575 | $9,855 | $12,038 |
| 60647 | $332 | $4,108 | $7,070 | $10,735 | $15,171 |
| 60649 | $242 | $503 | $1,174 | $2,347 | $3,688 |
| 60651 | $1,020 | $1,950 | $3,002 | $3,821 | $5,027 |
| 60652 | $1,143 | $2,347 | $2,973 | $3,379 | $3,851 |
| 60653 | $206 | $2,555 | $4,030 | $5,647 | $7,594 |
| 60654 | $201 | $603 | $4,683 | $8,018 | $11,006 |
| 60655 | $1,882 | $3,025 | $3,765 | $4,572 | $5,899 |
| 60656 | $1,407 | $2,212 | $4,629 | $5,966 | $7,441 |
| 60657 | $521 | $3,352 | $6,033 | $10,375 | $16,663 |
| 60659 | $1,140 | $1,951 | $4,022 | $6,724 | $8,380 |
| 60660 | $589 | $1,910 | $3,282 | $5,162 | $8,379 |
| 60661 | $332 | $500 | $4,013 | $6,664 | $9,014 |
| 60707 | $1,509 | $2,952 | $3,957 | $5,007 | $5,835 |
| 60827 | $262 | $456 | $569 | $613 | $745 |
| 60068 | N/A | N/A | N/A | N/A | N/A |
| 60706 | N/A | N/A | N/A | N/A | N/A |
| 60803 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
$1,102
Average Chicago 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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