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Hodgkins, Cook County, Illinois Property Taxes

  • Median Hodgkins, IL effective property tax rate: 2.63%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.

  • Median Hodgkins, IL home value: $216,270

  • Median annual Hodgkins, IL tax bill: $5,293, $2,893 higher than the national median property tax bill of $2,400.

How are property taxes in Cook County calculated?

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

Last Updated March 1, 2025

Hodgkins, Cook County, Illinois Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.63%

Estimate Property Tax Bill

$5,688

$5,278

SAVE WITH OWNWELL

$1,102

Average Tax Savings

Ownwell’s Hodgkins Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Hodgkins with just two data points. By entering your property's estimated assessed value, our calculator applies Hodgkins’ 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 Hodgkins, Cook County, Illinois

Local government entities set tax rates, which can vary widely within a state. This is because 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. Hodgkins in Cook County, Illinois, is a prime example of how property tax rates can differ significantly within a state. Here, the effective property tax rate stands at 2.63%, which is notably higher than the national median property tax rate of 1.02%. This means that property owners in Hodgkins are likely paying a larger portion of their property's assessed value in taxes compared to the national average. With the national median property tax bill at $2,400, property owners in Hodgkins may find their tax bills considerably higher, reflecting the local government's budgetary needs and priorities. Understanding these differences can help property owners make informed decisions about their investments and financial planning.

Property Tax Rates Across Hodgkins, 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 Hodgkins Tax Rate

2.63%

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 Hodgkins, Cook County, Illinois

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
605251.76%2.21%2.63%2.78%3.14%

Source: Ownwell

Property Tax Assessment Values Across Hodgkins, Cook County, Illinois

When examining property taxes in Hodgkins, 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.

Assessment notices:

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 Hodgkins.

For example, the median home price in Hodgkins is $216,270, with tax bills ranging significantly across the county. Zip code 60525 has the highest median home price at $216,270.

Property Tax Assessment Values Across Hodgkins, Cook County, Illinois

Source: Ownwell

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$25,480

$637,740

$1,250,000

Median Hodgkins Market Value

$216,270

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 Hodgkins, Cook County, Illinois

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
60525$102,528$163,830$216,270$259,875$330,686

Source: Ownwell

Property Tax Bills Across Hodgkins, Cook County, Illinois

In Hodgkins, located in Cook County, IL, property tax bills are determined by the assessed value of a home, which is a percentage of the market value. The median home price in Hodgkins is $216,270, and tax rates are applied to this assessed value to calculate the tax bill. Homeowners in Hodgkins face a median tax bill considerably higher than the national median, with figures ranging from $3,397 at the 25th percentile to $9,221 at the 90th percentile. This variance highlights the significant impact property taxes can have on household finances.

Factors influencing the tax bill include the local tax rate and property assessments. Additionally, the highest median tax bill in the area is $5,293, which is notably above the national median tax bill of $2,400. Ownwell can assist homeowners in Hodgkins by providing property tax appeal services, potentially reducing their tax burden. By identifying discrepancies in property assessments and ensuring homeowners receive applicable exemptions, Ownwell helps clients achieve significant savings on their property tax bills.

Property Tax Bills Across Hodgkins, Cook County, Illinois

Source: Ownwell

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$569

$15,332

$30,094

Median Hodgkins Tax Bill

$5,293

Median Cook County Tax Bill

$4,680

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Hodgkins, Cook County, Illinois

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
60525$2,092$3,397$5,293$6,963$9,221

Source: Ownwell

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