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Deer Park, Cook County, Illinois Property Taxes

  • Median Deer 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 Deer Park, IL home value: $500,000

  • Median annual Deer Park, IL tax bill: $11,308, $8,908 higher than the national median property tax bill of $2,400.

How are property taxes in Cook calculated?

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

Last Updated March 1, 2025

Deer 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

$10,800

$10,022

SAVE WITH OWNWELL

$1,102

Average Tax Savings

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

Below, you can compare Deer Park’s effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S. Deer Park, located in Cook County, has a property tax rate of 2.16%, significantly higher than the national median of 1.02%. This means that property owners in Deer Park pay more than double the national average. Illinois is known for having one of the highest property tax rates in the country, and Deer Park exemplifies this trend. Comparing Deer Park to other cities in Illinois, property owners might find similar rates, as the state consistently ranks high in property taxes. Despite the higher rates, these taxes fund essential services like schools, infrastructure, and public safety, contributing to the community's overall well-being.

Property Tax Rates Across Deer Park, Cook County, Illinois

Source: Ownwell

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 Deer 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 Deer Park, Cook County, Illinois

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
60010N/AN/AN/AN/AN/A

Source: Ownwell

Property Tax Assessment Values Across Deer Park, Cook County, Illinois

When examining property taxes in Deer 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 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 Deer Park. For example, the median home price in Deer Park is $500,000, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Deer Park, Cook County, Illinois

Source: Ownwell

$25,480

$637,740

$1,250,000

Median Deer Park Market Value

$500,000

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 Deer Park, Cook County, Illinois

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
60010N/AN/AN/AN/AN/A

Source: Ownwell

Property Tax Bills Across Deer Park, Cook County, Illinois

In Deer Park, IL, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. Cook County uses a complex formula to determine the assessed value, which is then multiplied by the local tax rate to calculate the tax bill. The median home price in Deer Park is $500,000, and homeowners can expect their tax bills to vary significantly. For instance, the tax bill at the 25th percentile is $10,856, while at the 75th percentile, it rises to $11,986, and at the 90th percentile, it reaches $12,392. These figures are notably higher than the national median property tax bill of $2,400, reflecting the higher property values and tax rates in the area. High property taxes can significantly impact homeowners, but Ownwell can help. By identifying potential errors in assessments or overlooked exemptions, Ownwell assists homeowners in appealing their property taxes, potentially leading to substantial savings and alleviating financial burdens.

Property Tax Bills Across Deer Park, Cook County, Illinois

Source: Ownwell

$569

$15,332

$30,094

Median Deer Park Tax Bill

$11,308

Median Cook County Tax Bill

$4,680

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Deer Park, Cook County, Illinois

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
60010N/AN/AN/AN/AN/A

Source: Ownwell

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