Cypress, Johnson County, Illinois Property Taxes
Property Taxes in Cypress, Illinois
Median Cypress, Illinois effective property tax rate: 2.19%, significantly lower than the national median of 1.02%, and lower than the Illinois state median of 2.33%.
Median Cypress, Illinois home value: $46,778
Median annual Cypress, Illinois tax bill: $972, $1,428 lower than the national median property tax bill of $2,400.
How are property taxes in Johnson calculated?
Property taxes in Cypress, 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 Cypress's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Cypress, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Cypress, Johnson County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.19%
Estimate Property Tax Bill
$1,024
$951
How Does the Cypress Property Tax Calculator Work?
Use this Cypress property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Cypress's median effective tax rate of 2.19% — based on actual property records in Johnson County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Cypress'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 Cypress: rates range from 2.19% in 62923 to 2.19% in 62923, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Cypress.
About Cypress Property Taxes
About Property Taxes in Cypress, Johnson, Illinois
Cypress’s median effective property tax rate of 2.19% is lower than the Illinois state median of 2.33% and higher than the national median of 1.02%. This rate reflects the Johnson County base levy combined with local school district levies and other local taxing districts that affect homeowners across the city.
Property tax rates are not uniform across Cypress. In this case, the highest and lowest median tax rates are both 2.19% in ZIP code 62923, so there is no ZIP-code spread within the city. Even without a rate difference, understanding how your assessed value is set can still make a meaningful difference to your annual tax bill.
Cypress homeowners who believe their assessed value is too high can file a formal appeal with the Tax Assessor before the September 27, 2024 deadline each year.
If your estimated bill above 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 Cypress, Johnson 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 Cypress's effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S.
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 Cypress Tax Rate
2.19%
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 Johnson County Tax Rate
2.08%
Median Effective Illinois Tax Rate
2.33%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Cypress, Johnson County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62923 | 1.07% | 1.80% | 2.19% | 2.37% | 2.86% |
Source: Ownwell
Property Tax Assessment Values Across Cypress, Johnson County, Illinois
When examining property taxes in Cypress, 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 Johnson 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 Johnson County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of the month.
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 Cypress homeowners, the median home price is $46,778, while the median tax bill is $972. The highest median home price is in 62923, also at $46,778.
Property Tax Assessment Values Across Cypress, Johnson County, Illinois
Source: Ownwell
$46,122
$74,330
$102,537
Median Cypress Market Value
$46,778
Median Johnson County Market Value
$72,777
Median Illinois Market Value
$227,888
Median United States Market Value
$235,294
Property Tax Assessment Values Across Cypress, Johnson County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62923 | $12,091 | $22,586 | $46,778 | $99,970 | $133,441 |
Source: Ownwell
Property Tax Bills Across Cypress, Johnson County, Illinois
How are property tax bills calculated in Cypress?
Property tax bills in Cypress are based on the assessed value of a home and the local tax rate set for Johnson County. The assessed value is compared with the market value of the property, and that figure is used to determine how much tax a homeowner owes. For a home with a median price of $46,778, the bill can vary widely depending on the assessment and the taxing jurisdictions that apply.
What factors affect the bill?
Homeowners may see different bills because of property characteristics, location, and how the home is assessed. In Cypress, the 25th percentile tax bill is $465, while the 75th percentile is $1,719 and the 90th percentile is $2,925. The median tax bill is $972, which is well below the national median property tax bill of $2,400.
How does this affect homeowners?
A lower tax bill can make ownership more affordable, but a higher assessment can increase annual costs and strain household budgets.
Median Cypress Tax Bill
$972
Median Johnson County Tax Bill
$1,260
Median Illinois Tax Bill
$5,277
Median United States Tax Bill
$2,400
Property Tax Bills Across Cypress, Johnson County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62923 | $187 | $465 | $972 | $1,719 | $2,925 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | September 27 |
Links | |
|---|---|
| Johnson Tax Assessor | |
| Website | johnsonil.devnetwedge.com |