Chicago-area homeowners pay some of the highest property taxes in the country.
Local taxing authorities raked in over $12.3 billion in property taxes last year, the second most of any housing market in the country behind New York City’s $30 billion, according to recent tax information released Thursday by ATTOM Data. With an effective tax rate of 2.15, the Chicago statistical area ranks 22nd out of 217 markets for its tax rates. In fact, five counties in Chicago’s metropolitan statistical area are in the top 26 in the highest tax rates by county, according to the study.
Here is a breakdown of Chicago-area tax data for 2016, including information on the housing market and by county:
|City/county||No. of home units||No. of single family homes||Average home value||Average property tax bill||Effective rate||Rank|
|Chicago||3.8 million||2.1 million||$269,749||$5,812||2.15||22/217|