Country Club Hills, Illinois Property Taxes

Ownwell’s COUNTRY CLUB HILLS Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in COUNTRY CLUB HILLS with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in COUNTRY CLUB HILLS 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 COUNTRY CLUB HILLS. 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 Assessment Values Across Country Club Hills, Illinois

Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Country Club Hills, Illinois. The market value represents the price a willing buyer would pay a willing seller in an open market, influenced by factors like location, property condition, and economic trends. This value is estimated by Cook County 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 Country Club Hills, 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. The median home price in this area stands at $99,895, with tax bills ranging from $3,208 at the 25th percentile to $9,780 at the 90th percentile. Notably, the zip code 60478 has both the highest and lowest median tax bill, which is $5,050. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage their tax burden.

Property Tax Assessment Values Across Country Club Hills, Illinois

Source: Ownwell

$13,140

$631,570

$1,250,000

Average Country Club Hills Assessed Value

$99,895

Average Cook County Assessed Value

$210,000

Average Illinois Assessed Value

$194,700

Average United States Assessed Value

$244,900