Dolton, Illinois Property Taxes
The median property tax rate in Dolton, IL is 4.93%, considerably higher than both the national median of 0.99% and the Illinois state median of 2.35%. With the median home value in Dolton at $91,350, the typical annual property tax bill reaches $4,327, exceeding the national median of $2,690. Property taxes in Dolton 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 Dolton'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 Dolton or another part of Cook County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Dolton, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
4.93%
Estimate Property Tax Bill
$4,504
$4,401
$1,148
Average Dolton, Illinois Tax Savings
Ownwell’s Dolton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dolton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dolton 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 Dolton. 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 Dolton, Illinois
Property taxes in Dolton, Illinois, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dolton is 4.93%, significantly higher than both the Illinois state median and the U.S. national median of 0.99%. Local government entities within Dolton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dolton 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 Dolton's effective property tax rate to other areas in Cook County and the national median. For comparison, the 60419 zip code has both the highest and lowest median property tax rate of 4.93%. Understanding how these figures compare with Dolton 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 Dolton Tax Rate
4.93%
Average Cook County Tax Rate
2.01%
Average Illinois Tax Rate
2.35%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dolton, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60419 | 1.54% | 3.46% | 4.93% | 6.89% | 8.38% |
Source: Ownwell
$1,148
Average Dolton Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Dolton, Illinois
In Dolton, 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 Dolton, 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 Dolton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Dolton, the highest and lowest median tax bills both stand at $4,327 in the 60419 zip code.
Average Dolton Assessed Value
$91,350
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 Dolton, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60419 | $46,020 | $63,792 | $91,350 | $114,430 | $127,413 |
Source: Ownwell
$1,148
Average Dolton Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Dolton, Illinois
In Dolton, IL, property tax bills are calculated based on the assessed value of your home, which is determined by the Cook County Assessor's Office. The assessed value is then multiplied by the local tax rate to calculate your annual tax bill. With a median home price of $91,350, homeowners in Dolton face a range of tax bills. For example, the 25th percentile tax bill is $2,344, while the 75th percentile reaches $6,153, and the 90th percentile soars to $7,470. The highest median tax bill in Dolton’s 60419 zip code is $4,327, which is substantially higher than the national median property tax rate of 0.99%. These high property tax rates can significantly impact homeowners, making it crucial to ensure that your property is not over-assessed. This is where Ownwell can help. By providing expert property tax appeal and exemption services, Ownwell assists homeowners in challenging over-assessments, potentially lowering their tax bills and saving them money.
Average Dolton Tax Bill
$4,327
Average Cook County Tax Bill
$4,680
Average Illinois Tax Bill
$4,715
Average United States Tax Bill
$2,690
Property Tax Bills Across Dolton, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60419 | $1,078 | $2,344 | $4,327 | $6,153 | $7,470 |
Source: Ownwell
$1,148
Average Dolton Tax Savings
Save on your property taxes & more with Ownwell.
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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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