La Grange Highlands, Illinois Property Taxes
The median property tax rate in LA GRANGE HIGHLANDS, IL is 2.09%, considerably higher than both the national median of 0.99% and the Illinois state median of 2.35%. With the median home value in LA GRANGE HIGHLANDS, the typical annual property tax bill reaches $6,173, exceeding the national median of $2,690. Property taxes in LA GRANGE HIGHLANDS 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 LA GRANGE HIGHLANDS'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 LA GRANGE HIGHLANDS 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
La Grange Highlands, 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 La Grange Highlands, Illinois Tax Savings
Ownwell’s LA GRANGE HIGHLANDS Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in LA GRANGE HIGHLANDS with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in LA GRANGE HIGHLANDS 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 LA GRANGE HIGHLANDS. 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 La Grange Highlands, Illinois
Property taxes in La Grange Highlands, Illinois, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in La Grange Highlands is 2.09%, significantly higher than both the Illinois state median and the U.S. national median of 0.99%. Local government entities within La Grange Highlands set these rates annually, and they can vary significantly across different neighborhoods. Each year, La Grange Highlands 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 La Grange Highlands' effective property tax rate to other counties in Illinois and the national median. For comparison, the 60525 zip code has the highest median property tax rate of 2.09%, while the same zip code also has the lowest median tax rate of 2.09%. Understanding how these cities compare with La Grange Highlands 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 La Grange Highlands Tax Rate
2.09%
Average Cook County Tax Rate
2.01%
Average Illinois Tax Rate
2.35%
Average United States Tax Rate
0.99%
Property Tax Rates Across La Grange Highlands, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60525 | 1.56% | 1.90% | 2.09% | 2.26% | 2.37% |
Source: Ownwell
$1,148
Average La Grange Highlands Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across La Grange Highlands, Illinois
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in La Grange Highlands, IL. 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 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 La Grange Highlands 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 La Grange Highlands 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 in the 60525 zip code, each at $6,173.
Property Tax Assessment Values Across La Grange Highlands, Illinois
Source: Ownwell
$13,140
$631,570
$1,250,000
Average La Grange Highlands Assessed Value
$298,580
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 La Grange Highlands, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60525 | $236,354 | $260,090 | $298,580 | $367,750 | $530,596 |
Source: Ownwell
$1,148
Average La Grange Highlands Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across La Grange Highlands, Illinois
In LA GRANGE HIGHLANDS, Cook County, IL, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. Homeowners in this area face a median property tax bill of $6,173, significantly higher than the national median rate of 0.99%. The assessed value is determined by local tax authorities and can be influenced by factors such as property size, age, and location. For instance, a home with a market price of $298,580 might see tax bills ranging from $5,070 at the 25th percentile to $11,753 at the 90th percentile, depending on various factors. High property taxes can be a burden, but Ownwell's property tax consulting services can help homeowners save. By thoroughly reviewing your property's assessed value and identifying any discrepancies, Ownwell can file appeals and exemptions on your behalf. This ensures you only pay your fair share, potentially saving you thousands of dollars annually. Let Ownwell's expertise guide you to a more manageable property tax bill.
Average La Grange Highlands Tax Bill
$6,173
Average Cook County Tax Bill
$4,680
Average Illinois Tax Bill
$4,715
Average United States Tax Bill
$2,690
Property Tax Bills Across La Grange Highlands, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60525 | $3,728 | $5,070 | $6,173 | $7,923 | $11,753 |
Source: Ownwell
$1,148
Average La Grange Highlands 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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