Chicago Heights, Illinois Property Taxes
The median property tax rate in Chicago Heights, IL is 4.07%, significantly higher than both the national median of 0.99% and the Illinois state median of 2.35%. With the median home value in Chicago Heights at $86,975, the typical annual property tax bill reaches $3,287, surpassing the national median of $2,690. Property taxes in Chicago Heights are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Chicago Heights' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Chicago Heights or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Chicago Heights, Illinois Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
2.35%
Estimate Property Tax Bill
$4,700
$3,552
$1,148
Average Chicago Heights, Illinois Tax Savings
Ownwell’s Chicago Heights Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Chicago Heights with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Chicago Heights to estimate your property tax bill. This insightful tool not only helps you understand potential tax liabilities but also illustrates how Ownwell can assist in reducing property taxes in Chicago Heights. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Chicago Heights, Illinois
Property taxes in Chicago Heights, Illinois, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Chicago Heights is 4.07%, significantly higher than both the Illinois state median and the U.S. national median of 0.99%. Local government entities within Chicago Heights set these rates annually, and they can vary significantly across different neighborhoods. Each year, Chicago Heights estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Chicago Heights's effective property tax rate to other areas in Illinois and the national median. For comparison, the 60411 zip code has the highest median property tax rate of 4.07%, while the 60425 zip code has the lowest median tax rate of 3.56%. Understanding how these areas compare with Chicago Heights provides valuable insights into the varying tax landscape across Cook County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Chicago Heights Tax Rate
4.07%
Average Cook County Tax Rate
2.01%
Average Illinois Tax Rate
2.35%
Average United States Tax Rate
0.99%
Property Tax Rates Across Chicago Heights, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60411 | 1.30% | 2.61% | 4.07% | 6.06% | 6.07% |
| 60425 | 3.56% | 3.56% | 3.56% | 3.56% | 3.56% |
Source: Ownwell
$1,148
Average Chicago Heights Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Chicago Heights, Illinois
In CHICAGO HEIGHTS, Illinois, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Cook County Assessor's Office for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In CHICAGO HEIGHTS, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in CHICAGO HEIGHTS helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the highest median tax bill is $3,835 in the 60425 zip code, while the lowest median tax bill is $3,287 in the 60411 zip code.
Property Tax Assessment Values Across Chicago Heights, Illinois
Source: Ownwell
$13,140
$631,570
$1,250,000
Average Chicago Heights Assessed Value
$86,975
Average Cook County Assessed Value
$210,000
Average Illinois Assessed Value
$194,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Chicago Heights, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60411 | $36,470 | $53,050 | $86,970 | $114,330 | $136,250 |
| 60425 | $107,670 | $107,670 | $107,670 | $107,670 | $107,670 |
Source: Ownwell
$1,148
Average Chicago Heights Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Chicago Heights, Illinois
In Chicago Heights, located in Cook County, IL, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is a percentage of the market value, which is then subjected to the local tax rate. For example, with a median home price of $86,975, the property tax bill can range widely based on various factors. Homeowners in the 25th percentile face tax bills around $1,820, while those in the 75th percentile may see bills as high as $4,844. At the 90th percentile, tax bills can soar to $6,619. The highest median tax bill in the area is $3,835 in the 60425 zip code, compared to the lowest median tax bill of $3,287 in the 60411 zip code. These variations can significantly impact homeowners' finances. Ownwell assists homeowners by identifying potential inaccuracies in property assessments and applying for exemptions, helping to reduce these burdensome tax bills.
Average Chicago Heights Tax Bill
$3,287
Average Cook County Tax Bill
$4,680
Average Illinois Tax Bill
$4,715
Average United States Tax Bill
$2,690
Property Tax Bills Across Chicago Heights, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60411 | $701 | $1,819 | $3,287 | $4,844 | $6,619 |
| 60425 | $3,835 | $3,835 | $3,835 | $3,835 | $3,835 |
Source: Ownwell
$1,148
Average Chicago Heights 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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