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Winnetka, Cook County, Illinois Property Taxes

  • Median Winnetka, IL effective property tax rate: 1.90%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.

  • Median Winnetka, IL home value: $1,137,785

  • Median annual Winnetka, IL tax bill: $21,779, $19,379 higher than the national median property tax bill of $2,400.

How are property taxes in Cook County calculated?

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

Last Updated March 1, 2025

Winnetka, Cook County, Illinois Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.9%

Estimate Property Tax Bill

$21,618

$20,061

SAVE WITH OWNWELL

$1,102

Average Tax Savings

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

Local government entities are responsible for setting tax rates, which can vary significantly within Illinois. Each year, Cook County estimates the budget needed for public services and divides that by the total assessed value of all taxable property within its jurisdiction. This calculation establishes the property tax rate. Although the process involves votes and legislative measures, this is the essence of the annual procedure.

In Winnetka, located in Cook County, the effective property tax rate is 1.90%, which is notably higher than the national median of 1.02%. This means property owners in Winnetka typically pay more in property taxes compared to many other parts of the country. When compared to other cities in Illinois, Winnetka's rate is consistent with the state's median rate, reflecting the localized nature of property taxation. Understanding these rates can help property owners in Winnetka make informed decisions about their property tax obligations and potential appeals.

Property Tax Rates Across Winnetka, 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 Winnetka Tax Rate

1.90%

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 Winnetka, Cook County, Illinois

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
600931.48%1.71%1.90%2.10%2.34%

Source: Ownwell

Property Tax Assessment Values Across Winnetka, Cook County, Illinois

When examining property taxes in Winnetka, 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 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 Winnetka. For example, the median home price in Winnetka is $1,137,785, with tax bills ranging significantly across the county. Zip code 60093 has the highest median home price at $1,137,785.

Property Tax Assessment Values Across Winnetka, Cook County, Illinois

Source: Ownwell

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$25,480

$637,740

$1,250,000

Median Winnetka Market Value

$1,137,785

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 Winnetka, Cook County, Illinois

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
60093$550,425$810,872$1,137,785$1,600,000$2,335,397

Source: Ownwell

Property Tax Bills Across Winnetka, Cook County, Illinois

In Winnetka, located in Cook County, IL, property tax bills are determined by 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 calculate the annual tax bill. With a median home price of $1,137,785, homeowners in Winnetka can face substantial tax bills. The median property tax bill in the area is notably higher than the national median, reflecting the high property values. For instance, tax bills can range from $14,585 at the 25th percentile to $44,179 at the 90th percentile, indicating significant variability depending on the home's value and location within the city. This financial burden can impact homeowners' budgets considerably. Ownwell offers a solution by providing expert property tax appeal services, potentially lowering these burdensome bills. By analyzing property assessments and identifying discrepancies, Ownwell helps homeowners in Winnetka save money, ensuring they aren't overpaying on their property taxes.

Property Tax Bills Across Winnetka, Cook County, Illinois

Source: Ownwell

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$569

$15,332

$30,094

Median Winnetka Tax Bill

$21,779

Median Cook County Tax Bill

$4,680

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Winnetka, Cook County, Illinois

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
60093$9,590$14,585$21,779$30,523$44,179

Source: Ownwell

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