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Chicago Hts, Cook County, Illinois Property Taxes

  • Median Chicago Heights, IL effective property tax rate: 6.15%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.

  • Median Chicago Heights, IL home value: $21,940

  • Median annual Chicago Heights, IL tax bill: $1,350, $1,050 lower than the national median property tax bill of $2,400.

How are property taxes in Cook County calculated?

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

Last Updated March 1, 2025

Chicago Hts, Cook County, Illinois Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

6.15%

Estimate Property Tax Bill

$1,349

$1,252

SAVE WITH OWNWELL

$1,102

Average Tax Savings

Ownwell’s Chicago Hts Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Chicago Hts with just two data points. By entering your property's estimated assessed value, our calculator applies Chicago Hts' 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 Chicago Hts, Cook County, Illinois

Local government entities set tax rates, which can vary widely within a state. 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.

In Chicago Heights, located in Cook County, IL, the effective property tax rate is notably higher than both the state and national averages. This high rate reflects the county's need to fund essential services, which can significantly impact homeowners' annual tax bills. Compared to the national median property tax rate of 1.02%, the rates in this region are substantially higher.

For homeowners in Chicago Heights, understanding these rates is crucial for financial planning and evaluating potential property tax appeals. By staying informed and considering professional assistance, residents can better navigate the complexities of property taxes and potentially reduce their financial burden.

Property Tax Rates Across Chicago Hts, 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 Chicago Hts Tax Rate

6.15%

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 Chicago Hts, Cook County, Illinois

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
60411N/AN/AN/AN/AN/A

Source: Ownwell

Property Tax Assessment Values Across Chicago Hts, Cook County, Illinois

When examining property taxes in Chicago Heights, 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. Assessment notices: In Cook County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 Chicago Heights. For example, the median home price in Chicago Heights is $21,940, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Chicago Hts, Cook County, Illinois

Source: Ownwell

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$25,480

$637,740

$1,250,000

Median Chicago Hts Market Value

$21,940

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 Chicago Hts, Cook County, Illinois

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
60411N/AN/AN/AN/AN/A

Source: Ownwell

Property Tax Bills Across Chicago Hts, Cook County, Illinois

In Chicago Heights, Cook County, IL, 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 a percentage of the home's market value, and it is used to calculate the tax bill by applying the local property tax rate. In Chicago Heights, the property tax rate is notably higher than the national median rate of 1.02%, resulting in a median property tax bill of $1,803, which can be a significant burden for homeowners, especially when compared to the national median property tax bill of $2,400. Factors such as the local government's budget needs, school funding, and public services influence the tax rate. Homeowners in Chicago Heights might find their tax bills at the 25th percentile around $897, while those at the 90th percentile might see bills as high as $2,076. Ownwell can assist homeowners by reviewing their property assessments, identifying potential errors, and filing appeals to ensure they are not overpaying, ultimately helping them save on their property tax bills.

Property Tax Bills Across Chicago Hts, Cook County, Illinois

Source: Ownwell

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$569

$15,332

$30,094

Median Chicago Hts Tax Bill

$1,350

Median Cook County Tax Bill

$4,680

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Chicago Hts, Cook County, Illinois

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
60411N/AN/AN/AN/AN/A

Source: Ownwell

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