Stickney, Illinois Property Taxes
The median property tax rate in Stickney, IL is 2.78%, significantly higher than both the national median of 0.99% and Illinois' state median of 2.35%. With the median home value in Stickney at $126,910, the typical annual property tax bill reaches $3,366, exceeding the national median of $2,690. Property taxes in Stickney 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 Stickney'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 Stickney 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
Stickney, Illinois Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
2.35%
Estimate Property Tax Bill
$4,700
$3,552
$1,148
Average Stickney, Illinois Tax Savings
Ownwell’s Stickney Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Stickney with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Stickney 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 Stickney. 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 Stickney, Illinois
Property taxes in Stickney, Illinois, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Stickney is 2.78%, significantly higher than the U.S. national median of 0.99%. Local government entities within Stickney set these rates annually, and they can vary significantly across different neighborhoods. Each year, Stickney 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 Stickney's effective property tax rate to other counties in Illinois and the national median. For comparison, the 60402 zip code has the highest median property tax rate of 2.78%, while the 60402 zip code also has the lowest median tax rate of 2.78%. Understanding how these cities compare with Stickney 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 Stickney Tax Rate
2.78%
Average Cook County Tax Rate
2.01%
Average Illinois Tax Rate
2.35%
Average United States Tax Rate
0.99%
Property Tax Rates Across Stickney, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60402 | 0.38% | 2.02% | 2.78% | 3.06% | 3.84% |
Source: Ownwell
$1,148
Average Stickney Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Stickney, Illinois
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Stickney, Illinois. 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 Stickney, 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 Stickney helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Stickney is $126,910. The highest median tax bill in the area is $3,366, found in the 60402 zip code, which also has the lowest median tax bill of $3,366. The 25th percentile tax bill is $2,492, while the 75th percentile tax bill is $4,651, and the 90th percentile tax bill is $4,934.
Average Stickney Assessed Value
$126,910
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 Stickney, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60402 | $120,900 | $122,932 | $126,910 | $128,940 | $166,950 |
Source: Ownwell
$1,148
Average Stickney Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Stickney, Illinois
In Stickney, IL, property tax bills are calculated based on the assessed value of your home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine your tax bill. Factors such as local government budgets, school district funding, and municipal services influence the tax rate. For homeowners in Stickney, the median home price is $126,910, with property tax bills ranging from $2,492 at the 25th percentile to $4,934 at the 90th percentile. This variability can significantly impact homeowners' finances, especially when compared to the national median property tax rate of 0.99%. Ownwell can help homeowners in Stickney save on their property tax bills by providing expert property tax appeal and exemption services. By ensuring your home is accurately assessed and identifying potential exemptions, Ownwell can reduce your tax burden, allowing you to keep more of your hard-earned money. With a deep understanding of local tax regulations, Ownwell is your trusted partner in navigating property tax complexities.
Average Stickney Tax Bill
$3,366
Average Cook County Tax Bill
$4,680
Average Illinois Tax Bill
$4,715
Average United States Tax Bill
$2,690
Property Tax Bills Across Stickney, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60402 | $451 | $2,492 | $3,366 | $4,651 | $4,934 |
Source: Ownwell
$1,148
Average Stickney 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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