Evergreen Park, Illinois Property Taxes
The median property tax rate in Evergreen Park, IL is 3.06%, considerably higher than both the national median of 0.99% and the Illinois state median of 2.35%. With the median home value in Evergreen Park, the typical annual property tax bill reaches $4,772, exceeding the national median of $2,690. Property taxes in Evergreen Park 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 Evergreen Park'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 Evergreen Park 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
Evergreen Park, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.06%
Estimate Property Tax Bill
$4,998
$4,883
$1,148
Average Evergreen Park, Illinois Tax Savings
Ownwell’s Evergreen Park Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Evergreen Park with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Evergreen Park 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 Evergreen Park. 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 Evergreen Park, Illinois
Property taxes in Evergreen Park, Illinois, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Evergreen Park is 3.06%, significantly higher than both the Illinois state median and the U.S. national median of 0.99%. Local government entities within Evergreen Park set these rates annually, and they can vary significantly across different neighborhoods. Each year, Evergreen Park 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 Evergreen Park's effective property tax rate to other counties in Illinois and the national median. For comparison, the 60805 zip code has the highest median property tax rate of 3.06%, while the same zip code also has the lowest median tax rate of 3.06%. Understanding how these cities compare with Evergreen Park 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 Evergreen Park Tax Rate
3.06%
Average Cook County Tax Rate
2.01%
Average Illinois Tax Rate
2.35%
Average United States Tax Rate
0.99%
Property Tax Rates Across Evergreen Park, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60805 | 2.04% | 2.82% | 3.06% | 3.27% | 3.82% |
Source: Ownwell
$1,148
Average Evergreen Park Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Evergreen Park, Illinois
In Evergreen Park, 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 Evergreen Park, 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. The median home price in Evergreen Park is $163,320, with the median tax bill at $4,772. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Evergreen Park, Illinois
Source: Ownwell
$13,140
$631,570
$1,250,000
Average Evergreen Park Assessed Value
$163,320
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 Evergreen Park, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60805 | $82,460 | $125,065 | $163,320 | $180,070 | $220,082 |
Source: Ownwell
$1,148
Average Evergreen Park Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Evergreen Park, Illinois
In Evergreen Park, Cook County, IL, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is typically a fraction of the market value, which is then adjusted by state and local factors. Evergreen Park's property tax rates can result in significant tax bills, with the median home price at $163,320 leading to tax bills ranging from $3,184 at the 25th percentile to $7,115 at the 90th percentile. This is notably higher than the national median property tax rate of 0.99%. High property taxes can be a financial burden on homeowners, impacting their monthly expenses and overall affordability. Ownwell helps homeowners in Evergreen Park by providing expert property tax appeal and exemption services. By analyzing your property’s assessed value and comparing it to similar properties, Ownwell can identify discrepancies and file appeals to lower your tax bill. This ensures you only pay your fair share, potentially saving you thousands of dollars annually.
Average Evergreen Park Tax Bill
$4,772
Average Cook County Tax Bill
$4,680
Average Illinois Tax Bill
$4,715
Average United States Tax Bill
$2,690
Property Tax Bills Across Evergreen Park, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60805 | $1,936 | $3,184 | $4,772 | $5,744 | $7,115 |
Source: Ownwell
$1,148
Average Evergreen Park 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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