Countryside, Illinois Property Taxes
The median property tax rate in Countryside, IL is 2.06%, considerably higher than both the national median of 0.99% and the Illinois state median of 2.35%. With the median home value in Countryside at $237,320, the typical annual property tax bill reaches $4,407, exceeding the national median of $2,690. Property taxes in Countryside are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Countryside's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Countryside 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
Countryside, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.06%
Estimate Property Tax Bill
$4,889
$4,777
$1,148
Average Countryside, Illinois Tax Savings
Ownwell’s Countryside Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Countryside with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Countryside 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 Countryside. 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 Countryside, Illinois
Property taxes in Countryside, Illinois, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Countryside is 2.06%, significantly higher than both the Illinois state median and the U.S. national median of 0.99%. Local government entities within Countryside set these rates annually, and they can vary significantly across different neighborhoods. Each year, Countryside 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 Countryside's effective property tax rate to other counties in Illinois and the national median. For comparison, the 60525 zip code has the highest median property tax rate of 2.06%, while the 60525 zip code also has the lowest median tax rate of 2.06%. Understanding how these cities compare with Countryside 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 Countryside Tax Rate
2.06%
Average Cook County Tax Rate
2.01%
Average Illinois Tax Rate
2.35%
Average United States Tax Rate
0.99%
Property Tax Rates Across Countryside, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60525 | 1.08% | 1.69% | 2.06% | 2.25% | 2.42% |
Source: Ownwell
$1,148
Average Countryside Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Countryside, Illinois
In Countryside, 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 Countryside, 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 Countryside helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest median tax bill in the area is $4,407 in zip code 60525.
Average Countryside Assessed Value
$237,320
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 Countryside, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60525 | $69,120 | $97,670 | $237,320 | $326,390 | $509,208 |
Source: Ownwell
$1,148
Average Countryside Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Countryside, Illinois
In Countryside, Cook County, IL, property tax bills are determined by multiplying the assessed value of a property by the local tax rate. The assessed value is typically a percentage of the property's market value, which is determined by the county assessor. Factors such as property improvements, neighborhood trends, and market conditions can influence this assessed value. With the national median property tax rate at 0.99%, homeowners in Countryside face varied tax bills, with the 25th percentile at $1,661 and the 90th percentile reaching $10,594. Homeowners may find these tax bills burdensome, especially when compared to the county's highest median tax bill of $4,407 in zip code 60525. Ownwell can help homeowners by providing expert property tax appeal and exemption services. By analyzing your property’s assessed value and comparing it to similar properties, Ownwell identifies discrepancies and files appeals on your behalf, potentially lowering your tax bill and offering significant savings.
Average Countryside Tax Bill
$4,407
Average Cook County Tax Bill
$4,680
Average Illinois Tax Bill
$4,715
Average United States Tax Bill
$2,690
Property Tax Bills Across Countryside, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60525 | $617 | $1,661 | $4,407 | $6,632 | $10,594 |
Source: Ownwell
$1,148
Average Countryside 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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