Worth, Cook County, Illinois Property Taxes
Median Worth, IL effective property tax rate: 3.22%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Worth, IL home value: $157,900
Median annual Worth, IL tax bill: $4,330, $1,930 higher than the national median property tax bill of $2,400.
How are property taxes in Cook calculated?
Property taxes in Worth, 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 Worth’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Worth, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Worth, Cook County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
3.22%
Estimate Property Tax Bill
$5,084
$4,718
$1,102
Average Tax Savings
Property Tax Rates Across Worth, Cook County, Illinois
Local government entities set tax rates, which can vary significantly within a state. 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 Worth’s effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S.
Worth, located in Cook County, Illinois, stands out with its property tax rate. The median property tax rate in Worth is 3.22%, which is significantly higher than the national median of 1.02%. This high rate reflects the county's need to meet budgetary requirements for essential services. Residents in Worth pay a higher percentage of their property's assessed value compared to many other areas in the U.S. Understanding these rates is crucial for property owners who wish to manage their tax liabilities effectively. Comparing Worth's tax rate to other regions within Illinois can provide valuable insights for potential homeowners and investors.
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 Worth Tax Rate
3.22%
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 Worth, Cook County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60482 | 1.54% | 2.53% | 3.22% | 3.75% | 4.06% |
Source: Ownwell
$1,102
Average Worth Tax Savings
Save on your property taxes & more with Ownwell
Property Tax Assessment Values Across Worth, Cook County, Illinois
When examining property taxes in WORTH, 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 WORTH. For example, the median home price in WORTH is $157,900, with tax bills ranging significantly across the county. ZIP code 60482 has the highest median home price at $157,900.
Property Tax Assessment Values Across Worth, Cook County, Illinois
Source: Ownwell
$25,480
$637,740
$1,250,000
Median Worth Market Value
$157,900
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 Worth, Cook County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60482 | $53,490 | $80,730 | $157,900 | $176,435 | $207,797 |
Source: Ownwell
$1,102
Average Worth Tax Savings
Save on your property taxes & more with Ownwell
Property Tax Bills Across Worth, Cook County, Illinois
In Worth, located in Cook County, Illinois, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. This assessed value is then multiplied by the local tax rate to calculate the property tax bill. Worth's median tax bill stands at $4,330, significantly higher than the national median of $2,400, reflecting the region's elevated tax rates. Homeowners in Worth face tax bills that can range from $2,190 at the 25th percentile to $7,014 at the 90th percentile, indicating a wide disparity based on property values and tax rates. Such high property taxes can place a considerable financial burden on homeowners.
Ownwell offers a solution by providing expert property tax appeal services. By analyzing local property assessments and market conditions, Ownwell helps homeowners identify discrepancies and file successful appeals, potentially reducing their tax bills. This service not only alleviates financial strain but also ensures homeowners pay only their fair share. Partnering with Ownwell can lead to significant savings and peace of mind for Worth residents.
Median Worth Tax Bill
$4,330
Median Cook County Tax Bill
$4,680
Median Illinois Tax Bill
$4,715
Median United States Tax Bill
$2,400
Property Tax Bills Across Worth, Cook County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60482 | $1,274 | $2,190 | $4,330 | $5,648 | $7,014 |
Source: Ownwell
$1,102
Average Worth 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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