Chicago Property Tax Rate 2024. The assessor assesses all real estate located throughout the county and establishes a fair market value for each property. See how your tax bill changed.
Chicago’s 1.62% effective tax rate for apartment properties valued at $600,000 is third among the five largest cities and slightly above the 1.58% average. If you fail to pay your 2023 first installment property taxes by march 1, 2024, you will be charged 0.75% monthly interest.
In September 2023 The Chicago City Council Approved Placing A Referendum On The March 2024 Primary Municipal Election Ballot Asking Voters To Approve A Change.
Chicago property taxes will rise by $42.7 million—half of what an automatic escalator allowed—thanks to a $127.9 million budget shortfall for 2023 that’s the lowest.
Chicago’s 1.62% Effective Tax Rate For Apartment Properties Valued At $600,000 Is Third Among The Five Largest Cities And Slightly Above The 1.58% Average.
The current rate is a flat rate of $3.75 per every $500 of the price.
If Passed, The Proposal Would Change The Rate To A Progressive, Or Graduated, Structure On All.
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For Taxes That Were Due In 2023 And Earlier,.
Some of the lake county taxing bodies levying higher taxes for 2024 include the park district of highland park, newport fire district, emmons grade school district.
Bring Chicago Home Would Have Increased The Real Estate Transfer Tax To 2% For Properties Sold For $1 Million Or More, While Lowering Them For More Than 92% Of.
See how your tax bill changed.
The Current Rate Is A Flat Rate Of $3.75 Per Every $500 Of The Price.