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Mokena, Cook County, Illinois Property Taxes

  • Median Mokena, IL effective property tax rate: 2.30%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.

  • Median Mokena, IL home value: $275,890

  • Median annual Mokena, IL tax bill: $6,333, $3,933 higher than the national median property tax bill of $2,400.

How are property taxes in Cook calculated?

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

Last Updated March 1, 2025

Mokena, Cook County, Illinois Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.3%

Estimate Property Tax Bill

$6,345

$5,888

SAVE WITH OWNWELL

$1,102

Average Tax Savings

Ownwell’s Mokena Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Mokena with just two data points. By entering your property's estimated assessed value, our calculator applies Mokena’s 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 Mokena, 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, in a nutshell, this is the annual process. In Mokena, Cook County, IL, the effective property tax rate stands significantly higher than the national median. This reflects the county's approach to meeting its budgetary needs through property taxation. When comparing Mokena's rate to other cities in Illinois, it becomes evident that property tax rates can differ greatly even within the same state. This disparity highlights the importance of understanding local tax rates and their impact on property owners. The median property tax rate in Illinois also surpasses the national average, making it crucial for homeowners to explore potential savings through property tax appeals and exemptions. By staying informed and proactive, property owners in Mokena can better manage their tax liabilities and potentially reduce their annual tax bills.

Property Tax Rates Across Mokena, 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 Mokena Tax Rate

2.30%

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 Mokena, Cook County, Illinois

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
60448N/AN/AN/AN/AN/A

Source: Ownwell

Property Tax Assessment Values Across Mokena, Cook County, Illinois

When examining property taxes in Mokena, 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 Mokena.

For example, the median home price in Mokena is $275,890, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Mokena, Cook County, Illinois

Source: Ownwell

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$25,480

$637,740

$1,250,000

Median Mokena Market Value

$275,890

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 Mokena, Cook County, Illinois

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
60448N/AN/AN/AN/AN/A

Source: Ownwell

Property Tax Bills Across Mokena, Cook County, Illinois

In Mokena, located in Cook County, IL, property tax bills are determined by assessing the property's value and applying the local tax rate. The median home price in Mokena is $275,890, with property tax bills ranging significantly, from the 25th percentile at $5,992 to the 90th percentile reaching $8,166. This variability is primarily due to differences in property assessments and applicable exemptions. The local property tax rate is notably higher than the national median rate of 1.02%, reflecting the region's reliance on property tax revenue to fund public services.

For homeowners, these taxes can represent a substantial financial commitment, impacting monthly budgets and overall affordability. Ownwell offers a valuable service to homeowners by providing expert property tax appeal and exemption services. By leveraging their expertise, Ownwell can help identify potential savings through reassessment appeals or applicable exemptions, potentially reducing the property tax burden. This assistance not only helps homeowners save money but also provides peace of mind by ensuring they are not overpaying on their property taxes.

Property Tax Bills Across Mokena, Cook County, Illinois

Source: Ownwell

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$569

$15,332

$30,094

Median Mokena Tax Bill

$6,333

Median Cook County Tax Bill

$4,680

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Mokena, Cook County, Illinois

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
60448N/AN/AN/AN/AN/A

Source: Ownwell

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