Property Tax Analysis for Cook County, IL
Property tax rates, assessment ratios, and appeal potential in Cook County.
Effective Tax Rate
2.0%
Annual Tax Bill
$5,933
Monthly Escrow
$494
Tax Burden
7.6% of income
Tax Assessment Details
Current Assessment
Market Value$293,700
Est. Assessed Value$249,645
Assessment Ratio~85%
Effective Rate2.0%
Appeal Potential
Potential Annual Savings$890
5-Year Savings$4,450
vs National Averageabove (1.1%)
Appeal Success Rate~40-60%
About Property Taxes in Cook County
Cook County in Illinois has an effective property tax rate of 2.0%, which is above the national average of 1.1%. On a median home value of $293,700, that translates to $5,933 annually or $494 per month in escrow.
Property tax assessments can often be successfully appealed. Our calculator models assessment ratios, comparable sales analysis, and appeal timing to estimate your potential savings with Monte Carlo simulation.
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