Sauk Village, Illinois Property Taxes
The median property tax rate in Sauk Village, IL is 3.69%, significantly higher than both the national median of 0.99% and the Illinois state median of 2.35%. With a median home value of $47,220, the typical annual property tax bill in Sauk Village reaches $2,264, which is still below the national median of $2,690. Property taxes in Sauk Village are calculated based on the tax assessed value, often lower than the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Sauk Village'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 Sauk Village 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
Sauk Village, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.69%
Estimate Property Tax Bill
$1,742
$1,617
$1,148
Average Tax Savings
Ownwell’s Sauk Village Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sauk Village with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sauk Village 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 Sauk Village. 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 Sauk Village, Illinois
Property taxes in Sauk Village, Illinois, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sauk Village is 3.69%, significantly higher than both the Illinois state median and the U.S. national median of 0.99%. Local government entities within Sauk Village set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sauk Village 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 Sauk Village's effective property tax rate to other counties in Illinois and the national median. For comparison, the 60411 zip code has the highest median property tax rate of 3.69%, while the same zip code also has the lowest median tax rate of 3.69%. Understanding how these areas compare with Sauk Village 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 Sauk Village Tax Rate
3.69%
Average Cook County Tax Rate
2.01%
Average Illinois Tax Rate
2.35%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sauk Village, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60411 | 1.19% | 1.59% | 3.69% | 5.20% | 5.20% |
Source: Ownwell
$1,148
Average Sauk Village Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Sauk Village, Illinois
In Sauk Village, 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 Sauk Village, 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 Sauk Village helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest median tax bill in the area, $2,264, is found in the 60411 zip code.
Property Tax Assessment Values Across Sauk Village, Illinois
Source: Ownwell
$13,140
$631,570
$1,250,000
Average Sauk Village Assessed Value
$47,220
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 Sauk Village, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60411 | $42,978 | $44,780 | $47,220 | $59,490 | $121,870 |
Source: Ownwell
$1,148
Average Sauk Village Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Sauk Village, Illinois
In Sauk Village, located in Cook County, IL, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. For instance, with a median home price of $47,220, the assessed value is determined by local assessment practices. The tax rate is then applied to this assessed value. In Sauk Village, property tax bills range widely, from $821 at the 25th percentile to $4,324 at the 90th percentile, reflecting variations in property values and local tax rates. These tax bills can significantly impact homeowners, especially when compared to the national median property tax rate of 0.99%. High property taxes can strain household budgets, making it essential for homeowners to ensure their assessments are accurate. This is where Ownwell can help. By offering property tax appeal and exemption services, Ownwell assists homeowners in potentially reducing their tax burdens, ensuring they only pay their fair share. This personalized approach can lead to substantial savings and greater financial peace of mind.
Average Sauk Village Tax Bill
$2,264
Average Cook County Tax Bill
$4,680
Average Illinois Tax Bill
$4,715
Average United States Tax Bill
$2,690
Property Tax Bills Across Sauk Village, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60411 | $539 | $821 | $2,264 | $2,652 | $4,324 |
Source: Ownwell
$1,148
Average Sauk Village 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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