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Hickory Hills, Cook County, Illinois Property Taxes

  • Median Hickory Hills, IL effective property tax rate: 2.98%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.

  • Median Hickory Hills, IL home value: $198,950

  • Median annual Hickory Hills, IL tax bill: $5,494, $3,094 higher than the national median property tax bill of $2,400.

How are property taxes in Cook calculated?

Property taxes in Hickory Hills, 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 Hickory Hills’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Hickory Hills, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Hickory Hills, Cook County, Illinois Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.98%

Estimate Property Tax Bill

$5,929

$5,502

SAVE WITH OWNWELL

$1,102

Average Tax Savings

Ownwell’s Hickory Hills Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Hickory Hills with just two data points. By entering your property's estimated assessed value, our calculator applies Hickory Hills’ 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 Hickory Hills, 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, this is the annual process in a nutshell. In HICKORY HILLS, located in Cook County, the effective property tax rate is notably higher than the national median of 1.02%. This can significantly impact property owners, as higher tax rates often translate to larger tax bills. When compared to other cities in Illinois, HICKORY HILLS stands out with a rate of 2.98%, which is also the highest median tax rate in the state. This rate is significantly above the national median property tax rate, making it crucial for property owners in HICKORY HILLS to explore potential tax appeal opportunities to ensure they are not overpaying. Understanding these dynamics can help property owners make informed decisions about their investments and financial planning.

Property Tax Rates Across Hickory Hills, 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 Hickory Hills Tax Rate

2.98%

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 Hickory Hills, Cook County, Illinois

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
604571.80%2.54%2.98%3.22%3.61%

Source: Ownwell

Property Tax Assessment Values Across Hickory Hills, Cook County, Illinois

When examining property taxes in Hickory Hills, 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 Hickory Hills. For example, the median home price in Hickory Hills is $198,950, with tax bills ranging significantly across the county. Zip code 60457 has the highest median home price at $198,950.

Property Tax Assessment Values Across Hickory Hills, Cook County, Illinois

Source: Ownwell

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$25,480

$637,740

$1,250,000

Median Hickory Hills Market Value

$198,950

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 Hickory Hills, Cook County, Illinois

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
60457$82,820$144,900$198,950$224,410$274,014

Source: Ownwell

Property Tax Bills Across Hickory Hills, Cook County, Illinois

In Hickory Hills, Cook County, IL, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. Typically, the assessed value is a percentage of the home's market value. Homeowners in Hickory Hills face a median property tax bill of $5,494, which is significantly higher than the national median of $2,400. This discrepancy highlights the importance of understanding how property taxes are calculated and the potential impact on household budgets. Various factors, such as changes in market value, local government budgets, and assessment practices, influence the tax bill. Homeowners may feel the burden of high property taxes, especially when the tax bill reaches the 90th percentile at $8,372.

Ownwell can assist homeowners by reviewing their property tax assessments and identifying opportunities for appeals or exemptions. Through a comprehensive analysis, Ownwell ensures that homeowners are not overpaying on their property taxes, potentially saving them hundreds or even thousands of dollars annually.

Property Tax Bills Across Hickory Hills, Cook County, Illinois

Source: Ownwell

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$569

$15,332

$30,094

Median Hickory Hills Tax Bill

$5,494

Median Cook County Tax Bill

$4,680

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Hickory Hills, Cook County, Illinois

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
60457$1,517$3,472$5,494$6,763$8,372

Source: Ownwell

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