Our Research

We provide independent, nonpartisan research and recommendations that help state and local policymakers improve our governments' sustainability, efficiency and effectiveness and inform the media and the public on critical issues facing our region. Our focus areas include government finance, criminal justice policy, mass transit governance and more.

October 1, 2024

Estimated Effective Property Tax Rates 2013-2022

Effective property tax rates are a measure of property tax burden for homeowners and businesses. They translate the tax rates on property tax bills into rates that reflect the percentage of full market value that a property owed in taxes for a given year. This report estimates the tax year 2022 (taxes payable in 2023) effective rates for a specific tax code in Chicago and 28 other selected municipalities in northeastern Illinois.[1] Of the municipalities, 12 are in Cook County (including Chicago) and 19 are in collar counties. There are three municipalities included in the study that are located in two counties: Elgin overlaps Cook and Kane counties, Elk Grove Village overlaps Cook and DuPage counties and Naperville overlaps DuPage and Will counties.

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