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Riverdale, Cook County, Illinois Property Taxes

  • Median Riverdale, IL effective property tax rate: 4.73%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.

  • Median Riverdale, IL home value: $56,650

  • Median annual Riverdale, IL tax bill: $2,738, $338 higher than the national median property tax bill of $2,400.

How are property taxes in Cook County calculated?

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

Last Updated March 1, 2025

Riverdale, Cook County, Illinois Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

4.73%

Estimate Property Tax Bill

$2,680

$2,487

SAVE WITH OWNWELL

$1,102

Average Tax Savings

Ownwell’s Riverdale Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Riverdale with just two data points. By entering your property's estimated assessed value, our calculator applies Riverdale’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by Cook 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 Riverdale, Cook County, Illinois

Local government entities set tax rates, which can vary widely within a state. 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.

Riverdale in Cook County, IL, presents a unique perspective on property tax rates. With an effective property tax rate of 4.73%, Riverdale's rate stands out significantly when compared to the national median property tax rate of 1.02%. This stark contrast highlights how property taxes can vary not only across states but also within different areas of the same state. The higher tax rate in Riverdale can be attributed to the local government's budgetary needs and the assessed value of properties within the jurisdiction. Such variations underscore the importance of understanding local tax policies and their impact on property owners. Property owners in Riverdale should be aware of these rates and consider how they influence their overall tax burden, potentially seeking appeal or exemption services to manage their expenses effectively.

Property Tax Rates Across Riverdale, 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 Riverdale Tax Rate

4.73%

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 Riverdale, Cook County, Illinois

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
608271.22%3.71%4.73%9.42%9.42%

Source: Ownwell

Property Tax Assessment Values Across Riverdale, Cook County, Illinois

When examining property taxes in Riverdale, 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 May. 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 Riverdale. For example, the median home price in Riverdale is $56,650, with tax bills ranging significantly across the county. Zip code 60827 has the highest median home price at $56,650.

Property Tax Assessment Values Across Riverdale, Cook County, Illinois

Source: Ownwell

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$25,480

$637,740

$1,250,000

Median Riverdale Market Value

$56,650

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 Riverdale, Cook County, Illinois

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
60827$30,110$40,800$56,650$65,130$71,052

Source: Ownwell

Property Tax Bills Across Riverdale, Cook County, Illinois

In Riverdale, located in Cook County, IL, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as local government budgets, school funding, and public services influence these rates, which can significantly impact homeowners. The median home price in Riverdale is $56,650, with property tax bills ranging widely. The 25th percentile tax bill is $1,669, while the 75th percentile reaches $4,271, and the 90th percentile climbs to $6,014. This variation shows how property taxes can be a notable expense for homeowners, especially compared to the national median property tax bill of $2,400. Ownwell can assist homeowners by navigating the complexities of property tax appeals and exemptions, potentially lowering their tax liabilities. By leveraging expert knowledge, homeowners can ensure they are not overpaying and can maximize their savings on property taxes.

Property Tax Bills Across Riverdale, Cook County, Illinois

Source: Ownwell

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$569

$15,332

$30,094

Median Riverdale Tax Bill

$2,738

Median Cook County Tax Bill

$4,680

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Riverdale, Cook County, Illinois

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
60827$501$1,669$2,738$4,271$6,014

Source: Ownwell

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