Hillside, Illinois Property Taxes
The median property tax rate in Hillside, IL is 3.55%, significantly higher than both the national median of 0.99% and the Illinois state median of 2.35%. With a median home value of $177,120 in Hillside, the typical annual property tax bill reaches $5,481, far exceeding the national median of $2,690. Property taxes in Hillside are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Hillside'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 Hillside 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
Hillside, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.55%
Estimate Property Tax Bill
$6,288
$6,144
$1,148
Average Hillside, Illinois Tax Savings
Ownwell’s Hillside Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hillside with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hillside 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 Hillside. 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 Hillside, Illinois
Property taxes in Hillside, Illinois, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hillside is 3.55%, significantly higher than both the Illinois state median and the U.S. national median of 0.99%. Local government entities within Hillside set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hillside 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 Hillside's effective property tax rate to other areas in Illinois and the national median. For comparison, the 60162 zip code has the highest median property tax rate of 3.55%, while the same 60162 zip code also has the lowest median tax rate of 3.55%. Understanding how these figures compare with Hillside 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 Hillside Tax Rate
3.55%
Average Cook County Tax Rate
2.01%
Average Illinois Tax Rate
2.35%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hillside, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60162 | 1.50% | 2.96% | 3.55% | 3.74% | 3.91% |
Source: Ownwell
$1,148
Average Hillside Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Hillside, Illinois
In Hillside, 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 Hillside, 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 Hillside helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $5,481, found in zip code 60162.
Average Hillside Assessed Value
$177,120
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 Hillside, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60162 | $69,410 | $143,500 | $177,120 | $186,930 | $207,218 |
Source: Ownwell
$1,148
Average Hillside Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Hillside, Illinois
In Hillside, located in Cook County, IL, property tax bills are calculated based on the assessed value of your home, which is determined by the local assessor's office. The assessed value is then multiplied by the local tax rate to determine your annual tax bill. For homeowners in Hillside, the median home price is $177,120. Property tax bills in this area vary significantly, with the 25th percentile at $3,103 and the 75th percentile reaching $6,765. The highest median tax bill in the region is $5,481, which is notably higher than the national median property tax rate of 0.99%. Several factors influence your tax bill, including changes in property values, local government budgets, and available exemptions. High property taxes can be a burden for homeowners, but Ownwell offers a solution. By providing expert property tax appeal and exemption services, Ownwell can help homeowners in Hillside reduce their tax bills, ensuring they pay a fair amount based on their property's true value. This can result in significant savings and financial relief for homeowners.
Average Hillside Tax Bill
$5,481
Average Cook County Tax Bill
$4,680
Average Illinois Tax Bill
$4,715
Average United States Tax Bill
$2,690
Property Tax Bills Across Hillside, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60162 | $1,181 | $3,103 | $5,481 | $6,765 | $7,723 |
Source: Ownwell
$1,148
Average Hillside 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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