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Dundee, Cook County, Illinois Property Taxes

  • Median Dundee, IL effective property tax rate: 2.25%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.

  • Median Dundee, IL home value: $574,970

  • Median annual Dundee, IL tax bill: $13,032, $10,632 higher than the national median property tax bill of $2,400.

How are property taxes in Cook County calculated?

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

Last Updated March 1, 2025

Dundee, Cook County, Illinois Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.25%

Estimate Property Tax Bill

$12,937

$12,005

SAVE WITH OWNWELL

$1,102

Average Tax Savings

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

Local government entities determine tax rates, leading to variations across a state. This is due to each county's annual budget estimation for services, which is then divided by the total value of all taxable property in the area, resulting in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is the essence of the yearly process.

In Dundee, located in Cook County, IL, the effective property tax rate is significantly higher than both the state and national medians. Illinois has a median property tax rate of 2.25%, more than double the national median of 1.02%. This means homeowners in Dundee could face property tax bills considerably above the national median of $2,400. Understanding these rates is crucial for property owners, as they directly impact the affordability and value of owning a home in the area. Comparing Dundee’s rates to those in other Illinois cities and the broader U.S. can offer valuable insight into regional tax burdens and help residents make informed financial decisions.

Property Tax Rates Across Dundee, 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 Dundee Tax Rate

2.25%

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 Dundee, Cook County, Illinois

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
60118N/AN/AN/AN/AN/A

Source: Ownwell

Property Tax Assessment Values Across Dundee, Cook County, Illinois

When examining property taxes in Dundee, 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 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 Dundee. For example, the median home price in Dundee is $574,970, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Dundee, Cook County, Illinois

Source: Ownwell

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$25,480

$637,740

$1,250,000

Median Dundee Market Value

$574,970

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 Dundee, Cook County, Illinois

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
60118N/AN/AN/AN/AN/A

Source: Ownwell

Property Tax Bills Across Dundee, Cook County, Illinois

In Dundee, Cook County, IL, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor. This assessed value is then multiplied by the county's tax rate to determine the annual tax bill. With a median home price of $574,970, homeowners can expect tax bills that significantly exceed the national median tax bill of $2,400. Specifically, the 25th percentile tax bill is $12,196, while the 75th percentile reaches $15,590, and the 90th percentile climbs to $17,124. This high tax burden can significantly affect homeowners, making it crucial to ensure their property is not over-assessed. Ownwell offers expert property tax appeal services to help homeowners potentially lower their tax bills. By analyzing property assessments and market conditions, Ownwell identifies discrepancies and files appeals on behalf of homeowners. This service not only saves money but also provides peace of mind, ensuring homeowners in Dundee pay only their fair share of property taxes.

Property Tax Bills Across Dundee, Cook County, Illinois

Source: Ownwell

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$569

$15,332

$30,094

Median Dundee Tax Bill

$13,032

Median Cook County Tax Bill

$4,680

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Dundee, Cook County, Illinois

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
60118N/AN/AN/AN/AN/A

Source: Ownwell

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