Glenview, Illinois Property Taxes
The median property tax rate in Glenview, IL is 1.78%, considerably higher than both the national median of 0.99% and the Illinois state median of 2.35%. With the median home value in Glenview at $484,940, the typical annual property tax bill reaches $8,403, exceeding the national median of $2,690. Property taxes in Glenview 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 Glenview'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 Glenview 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
Glenview, 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 Glenview, Illinois Tax Savings
Ownwell’s Glenview Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Glenview with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Glenview 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 Glenview. 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 Glenview, Illinois
Property taxes in Glenview, Illinois, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Glenview is 1.78%, which is higher than the U.S. national median of 0.99%. Local government entities within Glenview set these rates annually, and they can vary significantly across different neighborhoods. Each year, Glenview 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 Glenview's effective property tax rate to other areas in Illinois and the national median. For comparison, the 60026 zip code has the highest median property tax rate of 1.89%, while the 60062 zip code has the lowest median tax rate of 1.64%. Understanding how these areas compare with Glenview 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 Glenview Tax Rate
1.78%
Average Cook County Tax Rate
2.01%
Average Illinois Tax Rate
2.35%
Average United States Tax Rate
0.99%
Property Tax Rates Across Glenview, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60025 | 1.21% | 1.48% | 1.73% | 2.00% | 2.18% |
| 60026 | 1.39% | 1.69% | 1.89% | 2.06% | 2.19% |
| 60062 | 1.29% | 1.42% | 1.64% | 1.86% | 2.00% |
Source: Ownwell
$1,148
Average Glenview Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Glenview, Illinois
In Glenview, 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 such as 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. Assessment notices in Glenview 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 Glenview helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the highest median tax bill in Glenview is $11,113 in the 60026 zip code, while the lowest is $7,480 in the 60025 zip code.
Average Glenview Assessed Value
$484,940
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 Glenview, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60025 | $168,410 | $300,028 | $440,000 | $680,000 | $990,000 |
| 60026 | $339,256 | $450,000 | $571,725 | $760,000 | $1,050,000 |
| 60062 | $468,696 | $469,515 | $518,460 | $602,712 | $667,085 |
Source: Ownwell
$1,148
Average Glenview Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Glenview, Illinois
In Glenview, IL, property tax bills are calculated based on the assessed value of a home, which is determined by the Cook County Assessor's Office. The assessed value is a percentage of the market value of the property. Various factors, such as property size, location, and improvements, influence this assessment. Glenview homeowners face property tax rates higher than the national median of 0.99%, with median home prices at $484,940. Tax bills can vary significantly, from $5,231 at the 25th percentile to $18,511 at the 90th percentile. These high property taxes can be a burden for homeowners. Ownwell offers a solution by providing property tax appeal and exemption services. Our experts analyze your property’s assessment and market value to identify discrepancies and potential savings. By appealing your property tax assessment, we help ensure you're not overpaying, which can lead to substantial reductions in your annual tax bill. Trust Ownwell to navigate the complexities of property tax assessments and secure the best possible outcome for your property tax obligations.
Average Glenview Tax Bill
$8,403
Average Cook County Tax Bill
$4,680
Average Illinois Tax Bill
$4,715
Average United States Tax Bill
$2,690
Property Tax Bills Across Glenview, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60025 | $2,622 | $4,786 | $7,480 | $12,116 | $18,159 |
| 60026 | $4,659 | $8,374 | $11,113 | $14,826 | $19,564 |
| 60062 | $6,553 | $7,927 | $10,218 | $12,508 | $13,882 |
Source: Ownwell
$1,148
Average Glenview 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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