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Palos Heights, Cook County, Illinois Property Taxes

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Property Taxes in Palos Heights, Illinois

  • Median Palos Heights, Illinois effective property tax rate: 2.48%, significantly higher than the national median of 1.02%, and higher than the Illinois state median of 2.33%.

  • Median Palos Heights, Illinois home value: $311,810

  • Median annual Palos Heights, Illinois tax bill: $7,676, $5,276 higher than the national median property tax bill of $2,400.

How are property taxes in Cook calculated?

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

Last Updated April 13, 2026

Palos Heights, Cook County, Illinois Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.48%

Estimate Property Tax Bill

$7,733

$7,176

SAVE WITH OWNWELL

$774

Average Annual Tax Savings

How Does the Palos Heights Property Tax Calculator Work?

Use this Palos Heights property tax calculator to estimate your annual tax bill. Enter your property's assessed value and our calculator applies Palos Heights's median effective tax rate of 2.48% — based on actual property records in Cook County — to generate your estimate.

Enter your property's estimated assessed value — the figure used to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Palos Heights's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.

Your bill may vary by ZIP code within Palos Heights: rates range from 2.48% in 60463 to 2.48% in 60463, primarily due to differences in school district levies and local assessment districts.

If your estimate is higher than expected, Ownwell can appeal your Palos Heights assessment — you only pay if we save you money.

About Palos Heights Property Taxes

About Property Taxes in Palos Heights, Cook, Illinois

Palos Heights’s median effective property tax rate of 2.48% is higher than the Illinois state median of 2.33% and higher than the national median of 1.02%. This rate reflects the Cook County base levy combined with local school district levies and special service areas that can vary by subdivision throughout the city.

Property tax rates are not uniform across Palos Heights. Homeowners in ZIP code 60463 carry a median effective rate of 2.48%, while those in the lowest ZIP also pay 2.48%. Understanding where you live in Palos Heights can still matter when reviewing your assessed value and annual tax bill.

Palos Heights homeowners who believe their assessed value is too high can file a formal appeal with the Cook County Assessor’s Office before the deadline each year.

If your estimated bill seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.

Property Tax Rates Across Palos Heights, Cook County, Illinois

As noted earlier, local government entities set tax rates, which can vary widely within a state.

Why? Because 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 Palos Heights's effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S.

Property Tax Rates Across Palos Heights, Cook County, Illinois

Source: Ownwell

1.11%

5.02%

8.93%

Our median effective property tax rate (tax bill Ă· 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 Palos Heights Tax Rate

2.48%

Our median effective property tax rate (tax bill Ă· 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

2.14%

Median Effective Illinois Tax Rate

2.33%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Palos Heights, Cook County, Illinois

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
604631.94%2.23%2.48%2.71%2.86%

Source: Ownwell

Property Tax Assessment Values Across Palos Heights, Cook County, Illinois

When examining property taxes in Palos Heights, 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 assessment 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 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. For Palos Heights, the median home price is $311,810, and the median tax bill is $7,676, compared with the national median property tax bill of $2,400. The 25th percentile tax bill is $5,844, the 75th percentile is $9,394, and the 90th percentile reaches $11,795.

Property Tax Assessment Values Across Palos Heights, Cook County, Illinois

Source: Ownwell

$28,470

$625,355

$1,222,240

Median Palos Heights Market Value

$311,810

Median Cook County Market Value

$248,820

Median Illinois Market Value

$227,888

Median United States Market Value

$235,294

Property Tax Assessment Values Across Palos Heights, Cook County, Illinois

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
60463$220,000$262,090$311,810$370,000$444,519

Source: Ownwell

Property Tax Bills Across Palos Heights, Cook County, Illinois

Property tax bills in Palos Heights are determined by multiplying a home’s assessed value by the local tax rate, then adjusting for exemptions and other local factors. Because Cook County property taxes are based on assessed value rather than market value, homeowners can see bills rise even when their home value changes modestly. With a median home price of $311,810, the burden can be significant, especially when compared with the national median property tax bill of $2,400.

In Palos Heights, the 25th percentile tax bill is $5,844, the 75th percentile is $9,394, and the 90th percentile reaches $11,795. The median tax bill is $7,676 in ZIP code 60463, which is well above the national median. These property taxes can have a major impact on monthly housing costs and long-term affordability for homeowners.

Ownwell helps homeowners lower their property tax bills by reviewing assessments, identifying savings opportunities, and filing appeals when a home is overassessed. That can mean meaningful savings year after year.

Property Tax Bills Across Palos Heights, Cook County, Illinois

Source: Ownwell

$634

$15,281

$29,928

Median Palos Heights Tax Bill

$7,676

Median Cook County Tax Bill

$5,588

Median Illinois Tax Bill

$5,277

Median United States Tax Bill

$2,400

Property Tax Bills Across Palos Heights, Cook County, Illinois

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
60463$4,361$5,844$7,676$9,394$11,795

Source: Ownwell

Don't miss the deadline to appeal!

Frequently Asked Property Tax Questions in Palos Heights, Illinois

How are property taxes calculated in Palos Heights, Illinois?
Property taxes in Palos Heights, Illinois are calculated by multiplying your property's assessed value by the applicable tax rate set by local taxing authorities. The assessed value is determined by the county assessor and may differ from your property's market value depending on local assessment ratios and exemptions.
How do I appeal my property taxes in Palos Heights, Illinois?
To appeal your property taxes in Palos Heights, Illinois, you typically need to file a formal protest or appeal with your local appraisal district or assessor's office by the stated deadline. You'll need evidence such as comparable sales, a recent independent appraisal, or documentation of property condition issues. Ownwell can handle this entire process for you.
What property tax exemptions are available in Palos Heights, Illinois?
Common property tax exemptions in Palos Heights, Illinois include homestead exemptions for primary residences, senior citizen exemptions, veteran exemptions, and disability exemptions. Exemption amounts and eligibility requirements vary by county. Contact your local appraisal district or check Ownwell for details specific to your property.
When are property taxes due in Palos Heights, Illinois?
Property tax deadlines in Palos Heights, Illinois vary by county but typically include an assessment notice period in spring or early summer, followed by an appeal deadline, and a tax payment due date in the fall or winter. Check with your county assessor's office for specific dates in your area.
How can Ownwell help reduce my property taxes in Palos Heights, Illinois?
Ownwell provides professional property tax appeal services in Palos Heights, Illinois. Our team analyzes your assessment, gathers evidence, files all paperwork, and represents you at hearings — all with no upfront cost. You only pay a percentage of your savings if we successfully lower your tax bill.