Orland Hills, Illinois Property Taxes
The median property tax rate in Orland Hills, IL is 2.82%, considerably higher than both the national median of 0.99% and the Illinois state median of 2.35%. With the median home value in Orland Hills at $201,100, the typical annual property tax bill reaches $5,489, exceeding the national median of $2,690. Property taxes in Orland Hills 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 Orland Hills' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Orland Hills 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
Orland Hills, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.82%
Estimate Property Tax Bill
$5,671
$5,263
$1,148
Average Tax Savings
Ownwell’s Orland Hills Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Orland Hills with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Orland Hills 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 Orland Hills. 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 Orland Hills, Illinois
Property taxes in Orland Hills, Illinois, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Orland Hills is 2.82%, significantly higher than the U.S. national median of 0.99%. Local government entities within Orland Hills set these rates annually, and they can vary significantly across different neighborhoods. Each year, Orland Hills 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 Orland Hills' effective property tax rate to other counties in Illinois and the national median. For comparison, the zip code 60487 has the highest median property tax rate of 2.82%, while the same zip code also has the lowest median tax rate of 2.82%. Understanding how these cities compare with Orland Hills 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 Orland Hills Tax Rate
2.82%
Average Cook County Tax Rate
2.01%
Average Illinois Tax Rate
2.35%
Average United States Tax Rate
0.99%
Property Tax Rates Across Orland Hills, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60487 | 2.11% | 2.39% | 2.82% | 2.92% | 3.42% |
Source: Ownwell
$1,148
Average Orland Hills Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Orland Hills, Illinois
In Orland Hills, 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 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 Orland Hills, 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 Orland Hills helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $5489 in zip code 60487.
Property Tax Assessment Values Across Orland Hills, Illinois
Source: Ownwell
$13,140
$631,570
$1,250,000
Average Orland Hills Assessed Value
$201,100
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 Orland Hills, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60487 | $136,391 | $172,790 | $201,100 | $228,788 | $268,771 |
Source: Ownwell
$1,148
Average Orland Hills Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Orland Hills, Illinois
Property tax bills in Orland Hills, Cook County, IL, are calculated based on the assessed value of a property, which is a percentage of its market value. The median home price in Orland Hills is $201,100. Once the assessed value is determined, local tax rates are applied. Homeowners in Orland Hills typically see tax bills ranging from $4,211 at the 25th percentile to $7,859 at the 90th percentile. These bills can be significantly higher than the national median property tax rate of 0.99%. Several factors influence the tax bill, including property size, location, and improvements. High property taxes can be a burden for homeowners, but Ownwell offers a solution. By providing expert property tax appeal and exemption services, Ownwell helps homeowners ensure their properties are fairly assessed, potentially reducing their tax bills. With professional guidance, homeowners can navigate the complexities of property tax assessments and save money.
Average Orland Hills Tax Bill
$5,489
Average Cook County Tax Bill
$4,680
Average Illinois Tax Bill
$4,715
Average United States Tax Bill
$2,690
Property Tax Bills Across Orland Hills, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60487 | $3,127 | $4,211 | $5,489 | $6,395 | $7,859 |
Source: Ownwell
$1,148
Average Orland Hills 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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