Chicago, Illinois Property Taxes
Real Estate Values and Property Tax Valuation in Chicago, Illinois
The city of Chicago has a total of 561,836 properties with a cumulative value of $138.9B, making up 42.54% of all real estate value in Cook County. Property taxes in Chicago are collected across these 561,836 properties, amounting to a total of $2.8B. The average Chicago homeowner pays $5,004 in property taxes compared to a county average of $5,866, with an average property tax rate of 1.99% compared to the county average of 2.38%. Property taxes are based on the assessed value of the property, which is determined by the local assessor's office.
In Illinois, property taxes are based on the value of the property as of January 1st. Property owners have the option to appeal their property taxes between June and December, or within 30 days of when the notices are published. Property tax bills are issued on February 1st and July 1st, with the first installment due on June 1st in Cook County. This first installment is estimated at 55% of the prior year's tax bill, with taxes paid in arrears.
Updated November 01, 2023
| Important Links | |
|---|---|
| Cook Assessor | (312) 443-7550 |
| Cook Assessor | (218) 387-3650 |
| Cook Clerk of Court | (229) 896-7717 |
| Cook Recorder of Deeds | (312) 603-5050 |
| Important Dates | |
|---|---|
| Property Valuation Date: | January 1st |
| Property Tax Appeal Deadline: | June - December or 30 days after notices are published |
| Property Tax Bills Issued: | February 1st and July 1st |
| Real Property Tax Bill Due (1st of #): | June, Two installments but due dates may vary by county March 1st, Cook County - 1st half installment, estimated at 55% of prior year tax bill with taxes paid in arrears. |
| Real Property Tax Bill Due (2nd of #): | September, Two installments but due dates may vary by county August 1, Cook County - 2nd half installment - TARGETED but may be delayed - due 30 days after being issued. Reconciled installment using the BOR certified AV, actual local tax rate, and final state equalization factor, less the estimated 1st installment with taxes paid in arrears |
| Available Exemptions | |
|---|---|
| Senior | Available |
| Disabled | Available |
| Homestead | Available |
| Veteran | Available |
| Solar/Wind | Available |
| Charitable | Available |
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Real Estate Statistics in Chicago, Illinois
Residential Property Tax by ZIP code in Chicago, Illinois
Chicago property taxes are collected by the City of Chicago and Cook County. In 2023, the total property taxes collected in Chicago are estimated to be $5,004. The average property tax rate in Chicago is 1.99%, which is lower than the average Cook County property tax rate of 2.38%.
Property tax rates vary across Chicago ZIP codes, with the highest effective property tax rate in 60633 at 2.27% and the lowest effective property tax rate in 60636 at 1.48%. This variation is due to differences in home values by ZIP code. For example, the median home value in 60633 is $264,000, while the median home value in 60636 is $179,000. This difference in home values leads to a difference in property tax rates.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each ZIP code in Chicago, Illinois. The tax assessment value may differ from the potential sale value, and is used to calculate the property tax for each piece of real estate.
| ZIP Code | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60601 | $44,840 | $204,970 | $329,160 | $488,555 | $758,806 |
| 60602 | $53,410 | $60,570 | $112,190 | $422,770 | $931,114 |
| 60603 | $37,010 | $52,710 | $195,480 | $595,400 | $973,380 |
| 60604 | $177,962 | $227,948 | $353,420 | $631,100 | $845,680 |
| 60605 | $29,650 | $37,420 | $225,780 | $347,940 | $530,465 |
| 60606 | $27,730 | $71,900 | $238,770 | $346,640 | $497,610 |
| 60607 | $28,940 | $112,385 | $266,710 | $383,180 | $564,910 |
| 60608 | $24,080 | $148,500 | $204,860 | $269,115 | $376,382 |
| 60609 | $53,218 | $68,420 | $126,120 | $223,640 | $348,494 |
| 60610 | $27,640 | $138,960 | $233,450 | $407,710 | $688,728 |
| 60611 | $47,560 | $159,860 | $275,700 | $516,280 | $957,050 |
| 60612 | $81,965 | $128,710 | $189,355 | $325,058 | $507,286 |
| 60613 | $60,102 | $123,410 | $187,650 | $328,040 | $597,518 |
| 60614 | $58,335 | $196,330 | $365,650 | $651,662 | $1,159,160 |
| 60615 | $52,470 | $79,030 | $140,900 | $266,300 | $488,236 |
| 60616 | $22,960 | $59,140 | $203,975 | $298,190 | $405,010 |
| 60617 | $71,380 | $83,770 | $101,380 | $120,440 | $141,852 |
| 60618 | $128,130 | $216,550 | $317,360 | $464,740 | $743,004 |
| 60619 | $85,842 | $105,610 | $119,945 | $134,982 | $156,112 |
| 60620 | $74,148 | $85,805 | $103,800 | $120,470 | $147,720 |
| 60621 | $47,002 | $53,280 | $62,285 | $83,145 | $112,220 |
| 60622 | $167,381 | $278,255 | $398,585 | $554,870 | $763,463 |
| 60623 | $85,430 | $96,630 | $111,700 | $131,165 | $152,570 |
| 60624 | $64,050 | $86,910 | $104,940 | $133,350 | $159,864 |
| 60625 | $85,910 | $146,240 | $244,680 | $376,305 | $557,910 |
| 60626 | $50,730 | $78,250 | $120,210 | $185,850 | $295,430 |
| 60628 | $53,004 | $69,625 | $88,560 | $106,370 | $119,000 |
| 60629 | $95,580 | $113,330 | $137,460 | $160,475 | $178,072 |
| 60630 | $123,768 | $217,515 | $256,900 | $294,060 | $344,702 |
| 60631 | $121,320 | $244,745 | $299,090 | $358,605 | $431,518 |
| 60632 | $105,656 | $124,250 | $151,590 | $173,835 | $195,712 |
| 60633 | $53,030 | $90,582 | $106,645 | $118,800 | $129,385 |
| 60634 | $151,380 | $194,518 | $222,635 | $251,470 | $284,576 |
| 60636 | $50,818 | $56,610 | $63,220 | $71,175 | $79,470 |
| 60637 | $62,270 | $91,890 | $140,400 | $205,530 | $414,980 |
| 60638 | $96,403 | $165,112 | $188,240 | $208,688 | $240,125 |
| 60639 | $146,570 | $168,130 | $189,850 | $210,940 | $237,020 |
| 60640 | $37,821 | $111,838 | $189,780 | $288,998 | $464,800 |
| 60641 | $106,160 | $203,690 | $238,630 | $293,245 | $400,140 |
| 60642 | $56,130 | $244,850 | $351,400 | $471,530 | $603,570 |
| 60643 | $66,164 | $80,160 | $115,270 | $246,535 | $329,066 |
| 60644 | $62,516 | $93,850 | $118,770 | $153,390 | $185,028 |
| 60645 | $59,350 | $86,010 | $173,695 | $279,998 | $349,885 |
| 60646 | $226,100 | $275,440 | $346,340 | $434,790 | $534,712 |
| 60647 | $117,850 | $228,210 | $319,280 | $463,740 | $660,260 |
| 60649 | $24,850 | $46,940 | $106,490 | $144,600 | $192,363 |
| 60651 | $109,907 | $123,150 | $141,145 | $168,352 | $197,820 |
| 60652 | $117,558 | $129,765 | $142,910 | $163,775 | $187,156 |
| 60653 | $77,090 | $125,240 | $188,170 | $265,645 | $373,100 |
| 60654 | $29,430 | $43,480 | $261,360 | $392,710 | $557,460 |
| 60655 | $156,694 | $189,462 | $212,320 | $241,278 | $289,476 |
| 60656 | $76,130 | $113,670 | $244,000 | $289,182 | $336,733 |
| 60657 | $108,770 | $188,060 | $303,190 | $475,168 | $742,445 |
| 60659 | $60,210 | $96,390 | $222,100 | $297,335 | $356,820 |
| 60660 | $52,360 | $92,445 | $161,420 | $233,348 | $388,640 |
| 60661 | $28,850 | $138,895 | $246,470 | $345,930 | $424,770 |
| 60707 | $100,490 | $162,780 | $212,110 | $246,720 | $285,486 |
| 60827 | $49,885 | $51,490 | $54,390 | $60,310 | $69,485 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each ZIP code in Chicago, Illinois.
| ZIP Code | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60601 | $963 | $4,361 | $7,002 | $10,537 | $16,428 |
| 60602 | $1,124 | $1,335 | $2,523 | $9,168 | $19,661 |
| 60603 | $824 | $1,174 | $4,385 | $13,154 | $21,374 |
| 60604 | $3,997 | $5,061 | $7,873 | $13,308 | $18,659 |
| 60605 | $660 | $834 | $4,734 | $7,286 | $11,376 |
| 60606 | $294 | $1,372 | $4,993 | $7,355 | $10,800 |
| 60607 | $618 | $2,437 | $5,574 | $8,146 | $12,267 |
| 60608 | $538 | $2,519 | $3,950 | $5,446 | $7,901 |
| 60609 | $537 | $1,158 | $2,317 | $4,387 | $7,285 |
| 60610 | $601 | $2,847 | $4,852 | $8,623 | $14,843 |
| 60611 | $1,003 | $3,264 | $5,901 | $11,137 | $21,046 |
| 60612 | $1,468 | $2,570 | $3,882 | $6,752 | $10,821 |
| 60613 | $857 | $2,354 | $3,796 | $6,854 | $12,666 |
| 60614 | $1,377 | $4,048 | $7,782 | $14,022 | $25,336 |
| 60615 | $686 | $1,466 | $2,756 | $5,360 | $10,251 |
| 60616 | $461 | $964 | $4,066 | $6,074 | $8,497 |
| 60617 | $692 | $1,115 | $1,656 | $2,185 | $2,740 |
| 60618 | $2,175 | $4,006 | $6,348 | $9,722 | $15,957 |
| 60619 | $946 | $1,564 | $2,119 | $2,662 | $3,118 |
| 60620 | $597 | $1,073 | $1,725 | $2,309 | $2,799 |
| 60621 | $458 | $850 | $1,243 | $1,654 | $2,248 |
| 60622 | $3,290 | $5,740 | $8,489 | $11,988 | $16,519 |
| 60623 | $1,003 | $1,466 | $1,943 | $2,444 | $2,955 |
| 60624 | $847 | $1,362 | $1,927 | $2,528 | $3,193 |
| 60625 | $1,409 | $2,702 | $4,768 | $7,537 | $11,693 |
| 60626 | $709 | $1,372 | $2,250 | $3,628 | $5,922 |
| 60628 | $484 | $957 | $1,429 | $1,942 | $2,369 |
| 60629 | $1,283 | $1,800 | $2,399 | $2,967 | $3,478 |
| 60630 | $1,900 | $3,549 | $4,877 | $5,868 | $6,999 |
| 60631 | $1,938 | $4,119 | $5,785 | $7,189 | $8,864 |
| 60632 | $1,330 | $1,946 | $2,629 | $3,249 | $3,868 |
| 60633 | $1,034 | $1,507 | $1,992 | $2,787 | $4,444 |
| 60634 | $2,026 | $3,221 | $4,123 | $4,893 | $5,710 |
| 60636 | $336 | $658 | $1,155 | $1,432 | $1,656 |
| 60637 | $1,031 | $1,633 | $2,735 | $4,135 | $8,479 |
| 60638 | $1,267 | $2,381 | $3,455 | $4,120 | $4,857 |
| 60639 | $2,023 | $2,870 | $3,532 | $4,122 | $4,719 |
| 60640 | $598 | $2,054 | $3,756 | $5,934 | $9,640 |
| 60641 | $1,725 | $3,371 | $4,573 | $5,821 | $8,164 |
| 60642 | $1,311 | $5,059 | $7,392 | $10,035 | $13,094 |
| 60643 | $687 | $1,261 | $2,110 | $4,754 | $6,699 |
| 60644 | $666 | $1,320 | $2,099 | $2,860 | $3,599 |
| 60645 | $809 | $1,488 | $3,078 | $5,431 | $7,106 |
| 60646 | $3,785 | $5,173 | $6,860 | $8,885 | $11,172 |
| 60647 | $2,042 | $4,434 | $6,584 | $9,834 | $14,190 |
| 60649 | $383 | $814 | $1,831 | $2,810 | $3,869 |
| 60651 | $1,126 | $1,834 | $2,491 | $3,186 | $3,925 |
| 60652 | $1,260 | $2,124 | $2,566 | $3,094 | $3,618 |
| 60653 | $1,356 | $2,359 | $3,676 | $5,408 | $7,656 |
| 60654 | $624 | $969 | $5,557 | $8,393 | $11,959 |
| 60655 | $2,212 | $3,336 | $4,025 | $4,767 | $5,827 |
| 60656 | $1,144 | $2,005 | $4,434 | $5,609 | $6,645 |
| 60657 | $2,110 | $3,762 | $6,253 | $10,161 | $16,111 |
| 60659 | $980 | $1,766 | $3,987 | $5,773 | $7,221 |
| 60660 | $761 | $1,620 | $3,018 | $4,705 | $7,959 |
| 60661 | $633 | $2,778 | $5,163 | $7,252 | $9,125 |
| 60707 | $1,510 | $2,842 | $3,926 | $4,813 | $5,761 |
| 60827 | $446 | $656 | $1,151 | $1,279 | $1,467 |
Effective Property Tax Rate
The effective property tax rate is calculated by dividing the property tax bill by the assessed value. For the percentiles below, the calculation is performed using the percentiles for property tax bill and assessed value above. Therefore, each consecutive percentile doesn't necessarily show a larger value.
| ZIP Code | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60601 | 2.15% | 2.13% | 2.13% | 2.16% | 2.16% |
| 60602 | 2.10% | 2.20% | 2.25% | 2.17% | 2.11% |
| 60603 | 2.23% | 2.23% | 2.24% | 2.21% | 2.20% |
| 60604 | 2.25% | 2.22% | 2.23% | 2.11% | 2.21% |
| 60605 | 2.23% | 2.23% | 2.10% | 2.09% | 2.14% |
| 60606 | 1.06% | 1.91% | 2.09% | 2.12% | 2.17% |
| 60607 | 2.14% | 2.17% | 2.09% | 2.13% | 2.17% |
| 60608 | 2.23% | 1.70% | 1.93% | 2.02% | 2.10% |
| 60609 | 1.01% | 1.69% | 1.84% | 1.96% | 2.09% |
| 60610 | 2.17% | 2.05% | 2.08% | 2.11% | 2.16% |
| 60611 | 2.11% | 2.04% | 2.14% | 2.16% | 2.20% |
| 60612 | 1.79% | 2.00% | 2.05% | 2.08% | 2.13% |
| 60613 | 1.43% | 1.91% | 2.02% | 2.09% | 2.12% |
| 60614 | 2.36% | 2.06% | 2.13% | 2.15% | 2.19% |
| 60615 | 1.31% | 1.85% | 1.96% | 2.01% | 2.10% |
| 60616 | 2.01% | 1.63% | 1.99% | 2.04% | 2.10% |
| 60617 | 0.97% | 1.33% | 1.63% | 1.81% | 1.93% |
| 60618 | 1.70% | 1.85% | 2.00% | 2.09% | 2.15% |
| 60619 | 1.10% | 1.48% | 1.77% | 1.97% | 2.00% |
| 60620 | 0.81% | 1.25% | 1.66% | 1.92% | 1.89% |
| 60621 | 0.97% | 1.60% | 2.00% | 1.99% | 2.00% |
| 60622 | 1.97% | 2.06% | 2.13% | 2.16% | 2.16% |
| 60623 | 1.17% | 1.52% | 1.74% | 1.86% | 1.94% |
| 60624 | 1.32% | 1.57% | 1.84% | 1.90% | 2.00% |
| 60625 | 1.64% | 1.85% | 1.95% | 2.00% | 2.10% |
| 60626 | 1.40% | 1.75% | 1.87% | 1.95% | 2.00% |
| 60628 | 0.91% | 1.37% | 1.61% | 1.83% | 1.99% |
| 60629 | 1.34% | 1.59% | 1.75% | 1.85% | 1.95% |
| 60630 | 1.54% | 1.63% | 1.90% | 2.00% | 2.03% |
| 60631 | 1.60% | 1.68% | 1.93% | 2.00% | 2.05% |
| 60632 | 1.26% | 1.57% | 1.73% | 1.87% | 1.98% |
| 60633 | 1.95% | 1.66% | 1.87% | 2.35% | 3.43% |
| 60634 | 1.34% | 1.66% | 1.85% | 1.95% | 2.01% |
| 60636 | 0.66% | 1.16% | 1.83% | 2.01% | 2.08% |
| 60637 | 1.66% | 1.78% | 1.95% | 2.01% | 2.04% |
| 60638 | 1.31% | 1.44% | 1.84% | 1.97% | 2.02% |
| 60639 | 1.38% | 1.71% | 1.86% | 1.95% | 1.99% |
| 60640 | 1.58% | 1.84% | 1.98% | 2.05% | 2.07% |
| 60641 | 1.62% | 1.65% | 1.92% | 1.99% | 2.04% |
| 60642 | 2.34% | 2.07% | 2.10% | 2.13% | 2.17% |
| 60643 | 1.04% | 1.57% | 1.83% | 1.93% | 2.04% |
| 60644 | 1.07% | 1.41% | 1.77% | 1.86% | 1.95% |
| 60645 | 1.36% | 1.73% | 1.77% | 1.94% | 2.03% |
| 60646 | 1.67% | 1.88% | 1.98% | 2.04% | 2.09% |
| 60647 | 1.73% | 1.94% | 2.06% | 2.12% | 2.15% |
| 60649 | 1.54% | 1.73% | 1.72% | 1.94% | 2.01% |
| 60651 | 1.02% | 1.49% | 1.76% | 1.89% | 1.98% |
| 60652 | 1.07% | 1.64% | 1.80% | 1.89% | 1.93% |
| 60653 | 1.76% | 1.88% | 1.95% | 2.04% | 2.05% |
| 60654 | 2.12% | 2.23% | 2.13% | 2.14% | 2.15% |
| 60655 | 1.41% | 1.76% | 1.90% | 1.98% | 2.01% |
| 60656 | 1.50% | 1.76% | 1.82% | 1.94% | 1.97% |
| 60657 | 1.94% | 2.00% | 2.06% | 2.14% | 2.17% |
| 60659 | 1.63% | 1.83% | 1.80% | 1.94% | 2.02% |
| 60660 | 1.45% | 1.75% | 1.87% | 2.02% | 2.05% |
| 60661 | 2.19% | 2.00% | 2.09% | 2.10% | 2.15% |
| 60707 | 1.50% | 1.75% | 1.85% | 1.95% | 2.02% |
| 60827 | 0.89% | 1.27% | 2.12% | 2.12% | 2.11% |
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Real Estate Values in Chicago, Illinois
Average Home Value in Chicago, Illinois
Last updated: November 2023
Average home value over time in Chicago, Illinois
Last updated: November 2023
Total unique home listings in Chicago, Illinois
Last updated: November 2023
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Housing Expenses in Chicago, Illinois
Housing expenses are a major part of the average household budget in the state. In fact, housing expenses account for nearly one-third of total expenses for the average household. As inflation continues, housing expenses continue to rise, eating up an ever-increasing portion of the household budget. Property taxes are the second largest component of housing expenses for the average property owner in the state, making up a significant portion of the total housing expenses. As housing expenses continue to rise, it is important for households to budget carefully and plan for the future to ensure they can afford their housing expenses.
Monthly Consumer Expenses for Midwest region
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