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East Hazel Crest, Cook County, Illinois Property Taxes

  • Median East Hazel Crest, IL effective property tax rate: 3.60%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.

  • Median East Hazel Crest, IL home value: $72,120

  • Median annual East Hazel Crest, IL tax bill: $2,841, $441 higher than the national median property tax bill of $2,400.

How are property taxes in Cook calculated?

Property taxes in East Hazel Crest, IL are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding East Hazel Crest’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in East Hazel Crest, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

East Hazel Crest, Cook County, Illinois Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

3.6%

Estimate Property Tax Bill

$2,596

$2,409

SAVE WITH OWNWELL

$1,102

Average Tax Savings

Ownwell’s East Hazel Crest Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in East Hazel Crest with just two data points. By entering your property's estimated assessed value, our calculator applies East Hazel Crest’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a more precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Cook County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across East Hazel Crest, Cook County, Illinois

Local government entities set tax rates, which can vary widely within a state. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare East Hazel Crest’s effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S. East Hazel Crest, located in Cook County, has a median property tax rate of 3.60%. This is notably higher than the national median property tax rate of 1.02%. The property tax rate in East Hazel Crest is among the highest in the state, with the same rate applied across the zip code 60429. This high rate reflects the local government’s budgetary needs and the assessed value of properties within the area. Understanding these rates can help property owners make informed decisions about their investments and potential tax obligations.

Property Tax Rates Across East Hazel Crest, Cook County, Illinois

Source: Ownwell

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1.47%

4.93%

8.39%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective East Hazel Crest Tax Rate

3.60%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Cook County Tax Rate

2.01%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across East Hazel Crest, Cook County, Illinois

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
604290.91%1.97%3.60%6.39%6.39%

Source: Ownwell

Property Tax Assessment Values Across East Hazel Crest, Cook County, Illinois

When examining property taxes in East Hazel Crest, IL, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Cook County Assessor's Office estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Cook County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in East Hazel Crest. For example, the median home price in East Hazel Crest is $72,120, with tax bills ranging significantly across the county. Zip code 60429 has the highest median home price at $72,120.

Property Tax Assessment Values Across East Hazel Crest, Cook County, Illinois

Source: Ownwell

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$25,480

$637,740

$1,250,000

Median East Hazel Crest Market Value

$72,120

Median Cook County Market Value

$210,000

Median Illinois Market Value

$194,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across East Hazel Crest, Cook County, Illinois

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
60429$46,034$58,180$72,120$104,760$136,604

Source: Ownwell

Property Tax Bills Across East Hazel Crest, Cook County, Illinois

In East Hazel Crest, located in Cook County, IL, 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 the area is $72,120, and property taxes can vary significantly, with bills ranging from $1,267 at the 25th percentile to $6,602 at the 90th percentile. The highest and lowest median tax bill recorded in the area is $2,841, which is above the national median property tax bill of $2,400. This can place a financial burden on homeowners, particularly when the local tax rate exceeds the national median property tax rate of 1.02%.

Factors such as local government budgets and school funding needs influence these rates. Homeowners often find themselves paying more than necessary due to inaccurate assessments or missed exemptions. This is where Ownwell can assist by providing expert property tax appeal and exemption services. By ensuring accurate assessments and identifying potential savings, Ownwell helps homeowners reduce their property tax bills, making homeownership more affordable.

Property Tax Bills Across East Hazel Crest, Cook County, Illinois

Source: Ownwell

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$569

$15,332

$30,094

Median East Hazel Crest Tax Bill

$2,841

Median Cook County Tax Bill

$4,680

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across East Hazel Crest, Cook County, Illinois

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
60429$576$1,267$2,841$4,534$6,602

Source: Ownwell

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