Property Tax Rates — Chicago, Illinois

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Property Tax — Tax Year 2024 (payable 2025)i

Source

Composite Ratei

6.7531%-6.1%YoY

Municipal Portioni

1.8199%-8%YoY26.9% of total

Effective Ratei

2.25%

Est. Annual Taxi

$7K$591/mo

Median Home Valuei

$315,200

Total Leviedi

$8.0B

Tax Per Capitai

$708

Municipal Revenuei

$1.8B9.1% of total rev

Rate Trend — click a year to explorei

20232024

Municipal

Other Districts

Where Your Tax Dollar Goesi

$0.54 Chicago Public Schools

$0.27 Chicago

$0.06 Metropolitan Water Reclamation

$0.06 Cook Co

$0.04 Chicago Pkd

$0.02 City Colleges of Chicago

$0.01 Cook Co Fst Prsv Dist

Estimated Tax by Home Valuei

$200K

$4,502

$375/mo

$250K

$5,627

$469/mo

$300K

$6,752

$563/mo

$350K

$7,878

$657/mo

$400K

$9,003

$750/mo

$450K

$10,129

$844/mo

$500K

$11,254

$938/mo

Highlighted value is closest to median home value ($315K)

7 Overlapping Taxing Districtsi

Chicago Public Schoolsi

53.8%3.6310%

$4.0B levied

Chicagoi

26.9%1.8199%

$1.9B levied

Metropolitan Water Reclamationi

5.9%0.3995%

$699.5M levied

Cook Coi

5.8%0.3905%

$815.6M levied

Chicago Pkdi

4.4%0.2942%

$323.1M levied

City Colleges of Chicagoi

2.2%0.1495%

$164.1M levied

Cook Co Fst Prsv Disti

1%0.0686%

$143.3M levied