Chicago Property Taxes
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Transcript of Chicago Property Taxes
2015 PROPERTY TAXES BY WARDChicago property owners — homeowners and businesses — were billed more than $4.4 billion for property taxes last year by the city, the Chicago Board of Education, Cook County and other government bodies. The 42nd Ward had the city’s heaviest property-tax burden. And it will grow this year when city residents are hit with Mayor Rahm Emanuel’s property-tax hike. The tax increase won’t have as much impact on many wards where median home values are below $200,000. Cook County Assessor Joseph Berrios sets those values — usually far below market value. Property owners then pay taxes on 10 percent of the assessor’s value.
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Median Market AV
LegendWARDS_2015Median
less than $50,000
$50,000 - $100,000
$100,000 - $200,000
greater than $200,000
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Median Market AV
LegendWARDS_2015Median
less than $50,000
$50,000 - $100,000
$100,000 - $200,000
greater than $200,000
Ward Total prop. taxes Median home value1 ................ $90,574,844 ..........$117,7002 ...............$237,645,661 .......$226,8003 ..............$103,933,764 .........$99,5304 ............. $100,436,967 ..........$121,7355 ................ $48,842,155 .........$75,0006 ................$32,204,091 ......... $48,2907................. $29,877,198 ..........$48,3228 ................$41,682,068 .......... $44,1009 ............... $30,660,051 .......... $35,15010 ...............$34,201,866 ......... $24,68011 ............... $69,543,735 ..........$97,35012 ............... $37,897,923 ..........$61,50013 .............. $42,883,484 .........$53,66014 ...............$44,252,824 ......... $52,04915 ..............$20,220,385 ......... $42,63616 ..............$26,979,684 ...........$37,24717 ..............$25,689,202 .......... $37,62218 ................$46,618,153 .........$40,95019 ............... $71,626,673 ......... $89,23620 .............$25,599,449 .........$49,89821 ................. $34,677,411 ......... $44,64022 ..............$27,594,769 ........... $57,94123 ............. $45,842,225 .........$56,06024 ..............$26,460,519 .........$58,00025 ............. $97,393,893 ......... $93,75026 .............. $43,715,226 ......... $82,82227 .............$129,146,726 ......... $84,62028 ..............$50,205,143 ..........$67,39829 .............$50,340,356 .........$66,50030 ...............$51,093,561 ..........$77,00531 ..............$48,482,298 .........$75,60032 ............$156,335,454 ......... $182,44133 ..............$64,404,129 ........$106,87034 .............. $31,083,277 .......... $36,83135 .............. $47,018,506 ......... $84,36036 ..............$51,053,346 ..........$79,54537 ................$34,121,740 ......... $54,43038 .............$70,542,005 ......... $76,30039 ............. $86,365,974 ..........$97,80040 .............. $77,774,365 ........ $132,75041 ...............$113,165,078 ........ $99,00042 ............$1,136,471,103 ........ $278,17043 ............$210,580,327 ........$234,76344 ............ $147,294,026 ........$210,67045 .............$85,554,088 .........$86,40046 ............... $81,304,241 ........ $178,53047 ............$133,825,706 ........ $185,72048 ...............$68,812,319 ........$129,88049 .............. $47,425,267 ........$106,83050 .............$59,723,828 ..........109,620
TOTAL PROPERTY TAX COLLECTION (in millions by ward, 2015)
MEDIAN ASSESSOR’S MARKET VALUE FOR RESIDENTIAL PROPERTY
Includes taxes collected on residential, commercial and vacant properties
Less than 31
31-4242-4747-6060-8181-113
113-238more than 238
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Median Market AV
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less than $50,000
$50,000 - $100,000
$100,000 - $200,000
greater than $200,000
Less than $50,000$50,000-$100,000$100,000-$200,000Greater than $200,000
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