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Homer Glen, Cook County, Illinois Property Taxes

  • Median HOMER GLEN, IL effective property tax rate: 2.62%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.

  • Median HOMER GLEN, IL home value: $286,990

  • Median annual HOMER GLEN, IL tax bill: $7,125, $4,725 higher than the national median property tax bill of $2,400.

How are property taxes in Cook County calculated?

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

Last Updated March 1, 2025

Homer Glen, Cook County, Illinois Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.62%

Estimate Property Tax Bill

$7,519

$6,978

SAVE WITH OWNWELL

$1,102

Average Tax Savings

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

Local government entities set tax rates, and these can vary significantly within Illinois. 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.

Homer Glen in Cook County has an effective property tax rate of 2.62%. This is notably higher than the national median property tax rate of 1.02%. When compared to other cities in Illinois, Homer Glen's rate reflects the state's tendency towards higher property tax rates. The median property tax bill in Illinois is also significantly above the national median of $2,400, reflecting the state's higher tax rate.

In summary, property taxes in Homer Glen are influenced by the county's budgetary needs and the overall value of taxable property. This results in a property tax rate that is higher than both the state and national averages, impacting homeowners in the area.

Property Tax Rates Across Homer Glen, 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 Homer Glen Tax Rate

2.62%

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 Homer Glen, Cook County, Illinois

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
60491N/AN/AN/AN/AN/A

Source: Ownwell

Property Tax Assessment Values Across Homer Glen, Cook County, Illinois

When examining property taxes in Homer Glen, 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 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 Homer Glen. For example, the median home price in Homer Glen is $286,990, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Homer Glen, Cook County, Illinois

Source: Ownwell

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$25,480

$637,740

$1,250,000

Median Homer Glen Market Value

$286,990

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 Homer Glen, Cook County, Illinois

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
60491N/AN/AN/AN/AN/A

Source: Ownwell

Property Tax Bills Across Homer Glen, Cook County, Illinois

In Homer Glen, located in Cook County, IL, property tax bills are determined by assessing the property's value and applying the local tax rate. The assessed value is a percentage of the market value, which is then multiplied by the tax rate to calculate the tax bill. Cook County has a median property tax rate significantly higher than the national median of 1.02%, resulting in a substantial tax burden for homeowners. For instance, the 25th percentile tax bill is $7,054, while the 75th percentile reaches $7,318, and the 90th percentile is $7,434, far surpassing the national median tax bill of $2,400. This high tax burden can impact homeowners' financial planning and housing affordability.

Ownwell offers a solution by providing property tax appeal services, helping homeowners potentially reduce their tax bills. By analyzing property assessments and identifying discrepancies, Ownwell can assist in appealing for a fairer valuation, ultimately saving homeowners money. With expert insights and a proven track record, Ownwell ensures that homeowners pay only their fair share in property taxes.

Property Tax Bills Across Homer Glen, Cook County, Illinois

Source: Ownwell

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$569

$15,332

$30,094

Median Homer Glen Tax Bill

$7,125

Median Cook County Tax Bill

$4,680

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Homer Glen, Cook County, Illinois

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
60491N/AN/AN/AN/AN/A

Source: Ownwell

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