Des Plaines, Illinois Property Taxes
The median property tax rate in Des Plaines, IL is 1.79%, considerably higher than both the national median of 0.99% and the Illinois state median of 2.35%. With the median home value in Des Plaines at $269,490, the typical annual property tax bill reaches $4,311, exceeding the national median of $2,690. Property taxes in Des Plaines 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 Des Plaines' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Des Plaines 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
Des Plaines, 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 Des Plaines, Illinois Tax Savings
Ownwell’s Des Plaines Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Des Plaines with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Des Plaines 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 Des Plaines. 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 Des Plaines, Illinois
Property taxes in Des Plaines, Illinois, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Des Plaines is 1.79%, higher than both the Illinois state median and the U.S. national median of 0.99%. Local government entities within Des Plaines set these rates annually, and they can vary significantly across different neighborhoods. Each year, Des Plaines 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 Des Plaines' effective property tax rate to other areas in Illinois and the national median. For comparison, the 60018 zip code has the highest median property tax rate of 1.81%, while the 60016 zip code has the lowest median tax rate of 1.79%. Understanding how these areas compare with Des Plaines 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 Des Plaines Tax Rate
1.79%
Average Cook County Tax Rate
2.01%
Average Illinois Tax Rate
2.35%
Average United States Tax Rate
0.99%
Property Tax Rates Across Des Plaines, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60016 | 1.03% | 1.44% | 1.79% | 2.17% | 2.42% |
| 60018 | 1.17% | 1.47% | 1.81% | 2.15% | 2.42% |
Source: Ownwell
$1,148
Average Des Plaines Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Des Plaines, Illinois
In Des Plaines, Illinois, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value represents 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 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 Des Plaines, 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 Des Plaines is $269,490, with tax bills ranging from $2,726 at the 25th percentile to $7,812 at the 90th percentile. The highest median tax bill is $4,835 in zip code 60018, while the lowest median tax bill is $4,041 in zip code 60016. 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 the tax burden.
Average Des Plaines Assessed Value
$269,490
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 Des Plaines, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60016 | $112,026 | $151,100 | $250,940 | $320,000 | $370,000 |
| 60018 | $190,000 | $240,010 | $290,000 | $330,000 | $370,010 |
Source: Ownwell
$1,148
Average Des Plaines Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Des Plaines, Illinois
In Des Plaines, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Des Plaines is $269,490. Local tax rates are then applied to this assessed value to determine the tax bill. Factors such as the property's location within Cook County, improvements made to the home, and any applicable exemptions also influence the final amount. For example, the highest median tax bill in Des Plaines is $4,835 in the 60018 zip code, while the lowest is $4,041 in the 60016 zip code. These property taxes can significantly impact homeowners, especially when they fall within the 75th percentile, facing bills as high as $6,090, or even the 90th percentile at $7,812. Ownwell can help homeowners save on their property tax bills by providing expert property tax appeal and exemption services. By analyzing your property’s assessment and market value, Ownwell ensures you pay only your fair share, potentially saving you thousands annually.
Average Des Plaines Tax Bill
$4,311
Average Cook County Tax Bill
$4,680
Average Illinois Tax Bill
$4,715
Average United States Tax Bill
$2,690
Property Tax Bills Across Des Plaines, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60016 | $1,320 | $2,514 | $4,041 | $5,924 | $7,755 |
| 60018 | $2,657 | $3,724 | $4,835 | $6,516 | $7,988 |
Source: Ownwell
$1,148
Average Des Plaines 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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