Schiller Park, Cook County, Illinois Property Taxes
Median Schiller Park, IL effective property tax rate: 2.16%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Schiller Park, IL home value: $240,590
Median annual Schiller Park, IL tax bill: $4,696, $2,296 higher than the national median property tax bill of $2,400.
How are property taxes in Cook County calculated?
Property taxes in Schiller Park, 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 Schiller Park’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Schiller Park, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Schiller Park, Cook County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.16%
Estimate Property Tax Bill
$5,197
$4,822
$1,102
Average Tax Savings
Property Tax Rates Across Schiller Park, Cook County, Illinois
Local government entities set tax rates, which can vary widely within a state. This is because 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.
Below, you can compare Schiller Park’s effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S. Schiller Park, located in Cook County, has a median property tax rate of 2.16%, which is significantly higher than the national median property tax rate of 1.02%. This places a considerable tax burden on homeowners, as the rate is more than double the national average. Homeowners in Schiller Park may find it beneficial to explore property tax appeal services to potentially reduce their tax liabilities. Understanding these differences can help property owners make informed decisions regarding their real estate investments and financial planning.
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 Schiller Park Tax Rate
2.16%
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 Schiller Park, Cook County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60176 | 1.22% | 1.78% | 2.16% | 2.60% | 2.95% |
Source: Ownwell
$1,102
Average Schiller Park Tax Savings
Save on your property taxes & more with Ownwell
Property Tax Assessment Values Across Schiller Park, Cook County, Illinois
When examining property taxes in Schiller Park, Illinois, 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 March. 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 Schiller Park. For example, the median home price in Schiller Park is $240,590, with tax bills ranging significantly across the county. The zip code 60176 has the highest median home price at $240,590.
Property Tax Assessment Values Across Schiller Park, Cook County, Illinois
Source: Ownwell
$25,480
$637,740
$1,250,000
Median Schiller Park Market Value
$240,590
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 Schiller Park, Cook County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60176 | $91,600 | $127,068 | $240,590 | $280,000 | $300,723 |
Source: Ownwell
$1,102
Average Schiller Park Tax Savings
Save on your property taxes & more with Ownwell
Property Tax Bills Across Schiller Park, Cook County, Illinois
In Schiller Park, Cook County, IL, property tax bills are calculated based on the assessed value of a home, which is a percentage of the market value. The local tax rate is applied to this assessed value to determine the tax bill. Homeowners in Schiller Park face a median property tax bill of $4,696, significantly higher than the national median of $2,400. Factors influencing these bills include local government budgets, school district funding needs, and public service requirements. High property taxes can strain homeowners, impacting affordability and financial planning.
Ownwell offers valuable assistance by helping homeowners appeal their property tax assessments and secure exemptions, potentially reducing their tax burden. By leveraging expertise in local tax codes and assessment practices, Ownwell identifies opportunities for savings. This service can be particularly beneficial in areas like Schiller Park, where property taxes are above the national average, offering homeowners a chance to lower their expenses and increase financial security.
Median Schiller Park Tax Bill
$4,696
Median Cook County Tax Bill
$4,680
Median Illinois Tax Bill
$4,715
Median United States Tax Bill
$2,400
Property Tax Bills Across Schiller Park, Cook County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60176 | $1,483 | $2,675 | $4,696 | $6,105 | $7,099 |
Source: Ownwell
$1,102
Average Schiller Park 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 |
Save money on your property taxes with Ownwell
Enter your address.
With just your address Ownwell will analyze your property expenses to find you savings using real time market data, local expertise and AI.
Answer some questions.
The more we know about your property, the more we can save you. There's no up-front costs, it's risk-free to sign up. Only pay if you save!
Unlock your savings.
We gather evidence, file all documentation, and attend hearings on your behalf year after year, so you never overpay again.