December 28, 2016
Click here to read the full report.
This annual report compares estimated effective property tax rates in the six-county region of northeastern Illinois between 2005 and 2014, the last year for which data are available. Among the 12 selected Cook County communities, the Civic Federation found Harvey had the highest 2014 effective tax rate for residential properties at 7.71% in tax year 2014, and Chicago had the lowest effective tax rate for residential property at 1.56% and the second lowest of all the 29 communities included in the study.
This Civic Federation report also found that all of the 12 selected Cook County communities experienced declines in their residential effective property tax rates in tax year 2014, compared to the previous year, while commercial effective property tax rates increased for all of the selected Cook County communities.
The full report also analyzes trends for selected communities in the collar counties of DuPage, Kane, Lake, Will and McHenry. Among these communities, Waukegan had the highest 2014 effective property tax rate at 4.83% and Oak Brook had the lowest rate at 1.12%.