312.603.6952
nick.shields@cookcountyil.gov
James Scalzitti
312.603.0991
james.scalzitti@cookcountyil.gov
The average City of Chicago residential taxpayer should expect to see a roughly 10 percent increase in their
tax bill while North Suburban Cook County homeowners will see their property tax bills go up 6.5 percent on
average and South Suburban homeowners will see an average increase of 3.9 percent.
A tax bill is based on of the amount of money sought from taxing districts (the levy), the propertys assessed
value, the state equalization factor, and the applicable tax rate.
1
PROPERTY TAX CHANGES FOR AVERAGE COMMERCIAL PROPERTIES BY REGION
***
For the second year in a row, the total of all taxes extended for all taxing districts in Cook County exceeds $13
billion. Last year the total tax billed in Cook County was $13.1 billion. This year the total tax in Cook County is
$13.7 billion. The City of Chicagos extension again exceeds $1 billion, an 8.5 percent increase over last year.
$6,500,000,000.00
$6,000,000,000.00 + 9.7%
$5,500,000,000.00
$5,000,000,000.00
$4,500,000,000.00 + 3.0%
$4,000,000,000.00
$3,500,000,000.00 + 2.5%
$3,000,000,000.00
$2,500,000,000.00
$2,000,000,000.00
Total Tax Billed in Chicago Total Tax Billed in North Total Tax Billed in South
Suburbs Suburbs
TY 2015 TY 2016
2
TAXABLE VALUE
Property assessments in Cook County are set by the Cook County Assessor and finalized by the Cook County
Board of Review. These assessments are equalized by the Illinois Department of Revenue (IDOR) in order to
ensure uniform assessment state-wide.1 This equalized assessed value, less applicable exemptions, is the
taxable value for property.
The overall equalized assessed value (EAV) in Cook County increased by 8.1 percent this year, largely due to the
reassessment of the Northern Suburbs which saw assessed values in the northern suburbs increase 11.9% on
average. When added to a 5% increase in the equalizer, taxable values in the northern suburbs increased an
average of 17.4%. The City of Chicago and the Southern Suburbs, which were not reassessed this year, saw
increases in EAV of 4.3%, primarily due to the increase in the equalizer.
Due to the lower property value base in the Southern Suburbs, property owners typically see higher tax rates
than those in the City or the Northern Suburbs which have a larger taxable value base. Taxing districts such as
schools and municipalities still must provide services which are funded by property taxes regardless of this
difference in value. As a result, tax rates tend to be significantly higher in the more depressed areas of the
County. For example the highest tax rate in Cook County is found in the Village of Ford Heights where
property owners pay a tax that is nearly 40% of their taxable value, compared to property owners in the City
of Chicago or the Northern Suburbs where the tax bill in some cases is approximately 7% of taxable value.
As Clerk Orr previously indicated, property taxes are inherently regressive and disproportionately impact
1
The equalization factor issued IDOR by has increased 5 percent from 2.6685 last year to 2.8032 this year.
3
people in poorer regions. The overreliance on this mechanism of funding local government compounds
existing inequities. Clerk Orr has consistently called on the state to adopt a fair income tax that allows less
reliance on property taxes and renders taxes more equitable for all.
Tax rates are calculated by dividing the amount of money each taxing district has requested in their levy by the
total taxable value within each district. A taxing agency or district is a body of government such as a school
district, library, or municipality, which levies real estate taxes. The tax rates of all districts that service a
particular property are added to create the composite tax rate applicable to each property.
PTELL
The Property Tax Extension Limitation Law (PTELL), also known as the Tax Cap Law limits the increase in
revenue that qualifying districts may collect to the rate of inflation. In most cases, districts this year were
limited to an increase equal to the 2016 Consumer Price Index (CPI) of 0.7 percent, the second-lowest
increase since the Tax Cap Law began over 20 years ago. Home rule districts, debt obligations, other special
purpose funds, and value derived from new property and terminated Tax Increment Financing Districts (TIFs)
are exempt from this limitation. Next year, the CPI will limit tax revenues to an increase of 2.1 percent.
Transit TIF
This year, for the first time, the City of Chicago has created a Tax Increment Financing District (TIF) to help
fund public transit improvements. This Transit TIF is different from other TIFs in that it is not required to
demonstrate blight, is allowed to run for up to 35 years instead of the typical 23 years, and part of its
incremental revenue will be returned to the taxing districts, including CPS. With the addition of this TIF,
which is one-mile-wide and extends from North Avenue to Devon Avenue along the Red and Purple CTA
train lines, 1 in 4 properties in the City of Chicago are now in TIF. The Clerk will have additional information
about TIFs and Transit TIFs available in July.
###
4
2016 Property Tax Frequently Asked Questions
(Glossary to follow)
Chicago:
Taxable value in the City of Chicago is up 4.3% on average. With the City and CPS levy increases this year,
taxpayers can expect a 4% increase in the Chicago composite tax rate from 6.867% to 7.145%.
While the average single family residential property tax bill in Chicago increased approximately 10%, the average
commercial/industrial property tax bill in Chicago increased approximately 9.3%.
North Suburbs:
The northern suburbs were reassessed in 2016, resulting in a 17.4% increase in taxable value (EAV). The total
tax billed by taxing districts in the northern suburbs increased 3%. North suburban residential property values
were reassessed approximately 22% higher on average, while commercial property values increased
approximately 10%, shifting more of the north suburban tax burden to residential properties. The average
commercial property may actually see a slight property tax reduction this year.
South Suburbs:
Most residential properties in the south suburbs saw no change in assessed value from last year to this year.
Taxes for those properties may see an average property tax increase of 3.9% over last year. Taxes are going up
primarily due the 5% increase in the state equalizer and levy increases permitted under the tax cap law and
property value added through new construction.
Note: Suburban tax rates and amounts vary greatly due to the large number of municipalities, school districts, park districts and
other taxing districts which provide different services at different levels of taxation. Specific areas will see larger or smaller tax
increases, and some areas may see decreases.
How does the triennial assessment of property impact tax bills in Cook County?
Pursuant to state law, the Assessor reassesses property in one of three geographic regions in the County every
three years (triennial assessment). In 2016, properties located in the northern suburbs were reassessed. In 2015,
property in the City of Chicago was subject to reassessment, while property in southern suburbs will be
reassessed later this year. If property values increase due to reassessment, this impacts the tax rate.
Note: When assessed values increase and a levy remains static, the tax rate will decrease. A tax bill is always a product of the
amount of money sought from taxing districts (the levy), the propertys assessed value, the state equalization factor, and the
applicable tax rate.
The state equalization factor issued by the Illinois Department of Revenue (IDOR) has increased from 2.6685 last year to 2.8032
this year. To ensure uniform assessment statewide, IDOR calculates the factor needed to bring the total assessed value of all
properties in Cook County to a level equal to 33 1/3 percent of the total market value of all Cook County real estate.
Where are the highest tax rates in Cook County?
o Village of Ford Heights has the highest rate at 38.591%
o Village of Park Forest is 2nd highest at 35.872%
o City of Chicago Heights is 3rd highest at 34.182%
o
Note: For tax years 2009 through 2015, properties in the City of Chicago had the lowest composite tax rate in Cook
County. Recent levy increases by the City of Chicago and the Chicago Board of Education have increased the tax rate
in Chicago, which now has the 8th lowest rate in Cook County.
Does a high tax rate mean Ill have a high tax bill?
Not necessarily, although the tax rate matters, there are several factors which impact an individual tax bill.
The tax rate itself is driven by the overall assessed value in a taxing district, the state-issued equalization factor,
and the districts tax levy request. Individual tax bills are calculated by applying the composite tax rate (the
combined rates of all taxing districts servicing that property) to the individual taxable property value.
A property with a high tax rate but a low taxable value may result in a lower bill than a property with high
taxable value and a low tax rate.
For example*:
A property with a Market Value of $100,000 multiplied by a rate of 20% would have a tax bill of $3,937
A property with a Market Value of $400,000 multiplied by a rate of 7% would have a tax bill of $6,982
*Residential property is assessed at 10% of Market Value and equalized. The 2016 equalizer set by the State of Illinois Department of
Revenue is 2.8032.
How does a Chicago tax bill compare to a suburban tax bill for similar properties?
The City of Chicago, with its large commercial and industrial value base, has a relatively low tax rate compared to
other municipalities in Cook County. Some north suburban municipalities have lower tax rates than the City of
Chicago, but the average tax rate in the north suburbs is still higher, and the south suburbs, with a modest tax
base, have the highest tax rates.
*On average, the 2016 property tax bill for a home with a market value of $200,000 would be:
Chicago: $3,505.62
North suburbs: $4,544.80
South suburbs: $6,566.73
*Because suburban property values and tax rates vary widely, the tax amounts in these regions also vary.
How much of my Chicago tax increase is due to pension levy increases at the City and CPS?
Approximately 20% of the tax increase for the average residential tax bill in the City of Chicago is due to an
increase in pension levies by the City of Chicago. This is the second year of a planned four-year levy increase.
Another 60% of the 2016 increase is due to the new pension fund levied by the Chicago Board of Education,
authorized last year by Public Act 99-0521. The remainder is due to the typical, more moderate levy increases of
other taxing districts.
*The 2016 City pension levy increased approximately $110 million over the 2015 Levy. The Chicago Board of Education levied $272
million in a new teachers pension levy.
Whats this new Transit TIF and what does it mean to my taxes?
Tax Increment Financing (TIF) is a special tool that municipalities may use to generate money for economic
development in a specific geographic area. Properties within a TIF area must meet certain criteria, such as blight,
or other indicators of economic hardship in order for a TIF to be established. Other taxing districts, such as
Schools, Parks, and Libraries, only have access to the base taxable value within the TIF district at the time its
created for its duration (typically 23 years). Any tax revenue generated from the value growth within the TIF is
directed to the TIF itself.
Transit TIFs differ from traditional TIFs in that there is no hardship requirement and they may last for 35 years.
Additionally, part of the tax revenue generated from the value growth within the Transit TIF is distributed to
taxing districts. The first Transit TIF in the City of Chicago is intended to generate revenue to match Federal and
State grants to modernize the north side CTA Red and Purple train lines.
Homeowner Exemption
Senior Citizen Exemption
Senior Freeze Exemption
Please check your tax bill to learn more and determine whether exemptions were applied. If you have questions
about property tax exemptions, please contact the Cook County Assessors Office at cookcountyassessor.com to
learn more and determine if you are eligible for an exemption or Certificate of Error.
Though the time for filing 2016 assessment appeals has passed, you can learn more about appealing your
propertys assessment for 2017 and beyond at the Cook County Assessors Office and the Cook County Board of
Review (add website).
The City of Chicagos extension again exceeds $1 billion for the second year in a row.
Glossary of Tax Extension Terms
Assessed Value: The fair market value multiplied by the assessment level for a class of property.
Composite Tax Rate: The sum of the tax rates of all the taxing districts (municipality, school district, park district,
etc.) which service an individual property.
Equalization Factor: A factor, established by the Illinois Department of Revenue, used to bring the aggregate
value of assessments within Cook County to 33 1/3% of the estimated actual fair market value of all real
property in Cook County. This factor, also called the "multiplier," is recalculated by the state each year.
Exemptions: For properties and taxpayers who meet certain criteria, all or a portion of qualifying property values
may be excluded from taxation under Illinois law. For residential property, a portion of taxable value will be
excluded, such as with the homeowner or senior exemptions, if the taxpayer meets statutory requirements.
Home Rule: The County of Cook and qualifying municipalities, including those who have elected to operate in this
form, may function as home rule units of government. As home rule units, these entities are not subject to tax
rate limitations of the Property Tax Extension Limitation Law (PTELL).
Tax Cap Law: The Property Tax Extension Limitation Law (PTELL) is a law which allows a taxing district to receive a
limited inflationary increase in the property tax extension on existing property within that taxing district, plus an
additional amount for new construction. It ensures that property tax revenue may only increase by the rate of
inflation.
Tax Extension: "Tax Extension" refers to both the amount of property tax to be billed for a taxing district and for
the process of calculating the tax rate required to obtain that amount when applied to all taxable value within the
district.
Tax Increment Financing (TIF): An economic tool that municipalities may use to generate money for development in
a specific geographic area. Properties within a TIF must meet certain criteria, such as blight, or other indicators of
economic hardship. Other taxing districts, such as Schools, Parks, and Libraries, only have access to the base
taxable value within the TIF for its duration (typically 23 years). Any tax revenue generated from the value growth
within the TIF is directed to the TIF itself.
Tax Levy: A taxing district's request for revenue to be obtained from the property tax.
Tax Rate: The tax levy, reduced by statutory limitations, divided by the total equalized assessed valuation of a
taxing body. The tax rate is the rate per $100 of equalized assessed valuation (EAV) that must be paid for the tax
year in question.
Taxable Value (EAV): The assessed valuation of each property multiplied by the equalization factor, less applicable
exemptions.
Transit TIF: An economic tool that municipalities may use to generate money to fund specific public transportation
projects. Differs from traditional TIFs in that there is no hardship requirement and they may last for 35 years.
Additionally, part of the tax revenue generated from the value growth within the Transit TIF is distributed to the
other taxing districts.
2016 Tax Extension Quick Facts
2016 2015 Difference
Equalization Factor: 2.8032 2.6685 5.05%
Cook County EAV: $143,483,256,019 $132,714,850,419 8.11%
City of Chicago EAV: $74,016,506,351 $70,963,288,968 4.30%
Portion of County EAV in City of Chicago: 51.59% 53.47% -3.52%
Total Suburban Cook County EAV: $69,466,749,668 $61,751,561,451 12.49%
North Suburban EAV (reassessed for 2016): $45,212,321,734 $38,504,900,774 17.42%
South Suburban EAV: $24,254,427,934 $23,246,660,677 4.34%
Total Parcels: 1,862,756
Total Taxing Districts1: 1,863,996 1,428 1,429 1,240
-1
Total Districts Capped: 388 369 19
Total Districts Hitting Rate Ceilings: 216 225 -9
Total Tax Billed in Cook County: $13,745,763,724.03 $13,019,578,929 5.58%
Total Tax Billed in Chicago: $5,863,352,190.91 $5,346,964,528 9.66%
Total Tax Billed in North Suburbs: $4,419,551,212.53 $4,292,833,781.73 2.95%
Total Tax Billed in South Suburbs: $3,462,860,320.59 4,292,833,781.74
$3,379,780,619.49 2.46%
3,379,780,619.50
Total Major District2 Extension: $5,973,386,623.89 $5,530,238,556 8.01%
Three Largest Districts by Extension:
Chicago Board of Education $2,757,855,026.64 $2,451,781,634 12.48%
City of Chicago3 $1,391,510,319.40 $1,281,596,998 8.58%
Cook County (and Consolidated Elections) $764,765,754.58 $753,581,505 1.48%
City of Chicago General Composite Rate4: 7.145 6.867 4.05%
Largest Composite Rate:
Village of Ford Heights, SD #169 38.591 37.976 1.62%
Village of Park Forest, SD #163 35.872 36.834 -2.61%
City of Chicago Heights, SD #169 34.182 33.726 1.35%
Smallest Composite Rate:
Village of Barrington, no park district 6.520 7.384 -11.70%
Village of South Barrington, South Barrington Park Dist 6.645 7.530 -11.75%
Village of Northfield, no park district 6.713 7.774 -13.65%
1Number of taxing districts includes any district which has levied at some point in the past and has not been terminated by its governing jurisdiction plus
TIFs
2Major districts include: City of Chicago, Cook County, Chicago Board of Education, Chicago City Colleges, Chicago School Building & Improvement Fund,
Chicago Park District, Chicago Library Fund, Forest Preserve District of Cook County, and Metropolitan Water Reclamation District
3Includes the Chicago School Building and Improvement Fund and Chicago Library Fund
4Chicago general composite rate does not include special districts such as mosquito abatement, special service areas, or home equity assurance districts
2016 Tax Rate Report
Office of the Cook County Clerk
VILLAGE OF ALSIP 1
VILLAGE OF ARLINGTON HEIGHTS 1
VILLAGE OF BARRINGTON 2
VILLAGE OF BARRINGTON HILLS 3
VILLAGE OF BARTLETT 3
VILLAGE OF BEDFORD PARK 4
VILLAGE OF BELLWOOD 4
VILLAGE OF BENSENVILLE 5
VILLAGE OF BERKELEY 5
CITY OF BERWYN 6
CITY OF BLUE ISLAND 6
VILLAGE OF BRIDGEVIEW 7
VILLAGE OF BROADVIEW 7
VILLAGE OF BROOKFIELD 8
VILLAGE OF BUFFALO GROVE 9
CITY OF BURBANK 9
VILLAGE OF BURNHAM 10
VILLAGE OF BURR RIDGE 10
CITY OF CALUMET CITY 11
VILLAGE OF CALUMET PARK 11
CITY OF CHICAGO HEIGHTS 12
VILLAGE OF CHICAGO RIDGE 12
TOWN OF CICERO 13
CITY OF COUNTRY CLUB HILLS 13
CITY OF COUNTRYSIDE 14
VILLAGE OF CRESTWOOD 14
VILLAGE OF DEER PARK 15
VILLAGE OF DEERFIELD 15
CITY OF DES PLAINES 16
VILLAGE OF DIXMOOR 16
VILLAGE OF DOLTON 17
VILLAGE OF EAST DUNDEE 17
VILLAGE OF EAST HAZELCREST 18
CITY OF ELGIN 18
VILLAGE OF ELK GROVE VILLAGE 18
CITY OF ELMHURST 19
VILLAGE OF ELMWOOD PARK 19
CITY OF EVANSTON 20
VILLAGE OF EVERGREEN PARK 20
VILLAGE OF FLOSSMOOR 21
VILLAGE OF FORD HEIGHTS 21
VILLAGE OF FOREST PARK 22
VILLAGE OF FORESTVIEW 22
VILLAGE OF FRANKFORT 23
VILLAGE OF FRANKLIN PARK 23
VILLAGE OF GLENCOE 24
VILLAGE OF GLENVIEW 24
VILLAGE OF GLENWOOD 26
VILLAGE OF GOLF 26
VILLAGE OF HANOVER PARK 27
CITY OF HARVEY 27
VILLAGE OF HARWOOD HEIGHTS 28
VILLAGE OF HAZELCREST 28
CITY OF HICKORY HILLS 29
VILLAGE OF HILLSIDE 29
VILLAGE OF HINSDALE 30
VILLAGE OF HODGKINS 30
VILLAGE OF HOFFMAN ESTATES 31
VILLAGE OF HOMER GLEN 32
CITY OF HOMETOWN 32
VILLAGE OF HOMEWOOD 32
VILLAGE OF INDIAN HEAD PARK 33
VILLAGE OF INVERNESS 33
VILLAGE OF JUSTICE 34
VILLAGE OF KENILWORTH 35
VILLAGE OF LA GRANGE 35
VILLAGE OF LA GRANGE PARK 36
VILLAGE OF LANSING 36
VILLAGE OF LEMONT 37
VILLAGE OF LINCOLNWOOD 37
VILLAGE OF LYNWOOD 38
VILLAGE OF LYONS 38
CITY OF MARKHAM 39
VILLAGE OF MATTESON 39
VILLAGE OF MAYWOOD 40
VILLAGE OF MC COOK 40
VILLAGE OF MELROSE PARK 41
VILLAGE OF MERRIONETTE PARK 41
VILLAGE OF MIDLOTHIAN 42
VILLAGE OF MORTON GROVE 42
VILLAGE OF MOUNT PROSPECT 43
VILLAGE OF NILES 43
VILLAGE OF NORRIDGE 44
CITY OF NORTH LAKE 45
VILLAGE OF NORTH RIVERSIDE 45
VILLAGE OF NORTHBROOK 46
VILLAGE OF NORTHFIELD 46
VILLAGE OF OAK BROOK 47
CITY OF OAK FOREST 47
VILLAGE OF OAK LAWN 48
VILLAGE OF OAK PARK 49
VILLAGE OF OLYMPIA FIELDS 49
VILLAGE OF ORLAND HILLS 50
VILLAGE OF ORLAND PARK 50
VILLAGE OF PALATINE 51
CITY OF PALOS HEIGHTS 51
CITY OF PALOS HILLS 52
VILLAGE OF PALOS PARK 52
VILLAGE OF PARK FOREST 53
CITY OF PARK RIDGE 53
VILLAGE OF PHOENIX 54
VILLAGE OF POSEN 55
CITY OF PROSPECT HEIGHTS 55
VILLAGE OF RICHTON PARK 56
VILLAGE OF RIVER FOREST 56
VILLAGE OF RIVER GROVE 57
VILLAGE OF RIVERDALE 57
VILLAGE OF RIVERSIDE 58
VILLAGE OF ROBBINS 58
CITY OF ROLLING MEADOWS 59
VILLAGE OF ROSELLE 60
VILLAGE OF ROSEMONT 60
VILLAGE OF SAUK VILLAGE 61
VILLAGE OF SCHAUMBURG 61
VILLAGE OF SCHILLER PARK 62
VILLAGE OF SKOKIE 62
VILLAGE OF SOUTH BARRINGTON 63
VILLAGE OF SOUTH CHICAGO HEIGHTS 64
VILLAGE OF SOUTH HOLLAND 64
VILLAGE OF STEGER 65
VILLAGE OF STICKNEY 65
VILLAGE OF STONE PARK 66
VILLAGE OF STREAMWOOD 66
VILLAGE OF SUMMIT 67
VILLAGE OF THORNTON 68
VILLAGE OF TINLEY PARK 68
VILLAGE OF UNIVERSITY PARK 69
VILLAGE OF WESTCHESTER 69
VILLAGE OF WESTERN SPRINGS 70
VILLAGE OF WHEELING 70
VILLAGE OF WILLOW SPRINGS 71
VILLAGE OF WILMETTE 71
VILLAGE OF WINNETKA 72
VILLAGE OF WORTH 72
Distribution of Tax Dollars to Taxing Agencies
Typical Taxpayer in City of Chicago
City of Chicago
City of Chicago
1,099,221,346 $1,206,469,054
22% 23%
Chicago Park District
Chicago Park District
271,079,764
272,380,743
6% 5%
Chicago School Bldg & Chicago School Bldg &
Metropolitan Water Metropolitan Water
Improv Fund Reclamation District
City Colleges Improv Fund
Reclamation District Forest Preserve City Colleges
Cook County 95,090,807 300,507,016 Forest Preserve District Cook County 125,026,392 94,741,128
302,303,611 District 125,526,944 394,507,979 2%
$391,717,355 2% 6% 46,630,399 2%
6% 48,964,669 3% 1% 7%
8%
1%
i
Distribution of Tax Dollars to Taxing Agencies
Sample Taxpayer in the Village of Niles Sample Taxpayer in the Village of Tinley Park
2016 Composite Tax Rate = 9.070 2016 Composite Tax Rate = 13.140
School District 140 &
School District 67 & High School 230
High School 219 60.10%
70.75%
Moraine
Valley
Oakton Community Community
College
College
2.55% 3.09%
ii
Four Largest Taxing Districts in Cook County
Property Tax Revenue 1994 to 2016
3,000,000,000.00
2,500,000,000.00
2,000,000,000.00
1,500,000,000.00
1,000,000,000.00
500,000,000.00
0.00
1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Metro Water Reclamation Dist Cook County Board of Education City of Chicago + Library + School Bldg Fund
iii
How Is My Property Tax Bill Calculated?
County Rate
+ Township Rate
+ Municipality Rate
2. The Composite Tax Rate + Grade School Rate
+ High School Rate
of all taxing districts in your + Community College Rate
area is calculated: + Park District Rate
+ Library Rate
+ Other District Rates
= Composite Tax Rate
iv
The property assessment process is the basis for generating property tax revenues that pay for
a portion of schools, city and county services, roads, fire protection, public safety, water and
sanitation, and other local services.
#
Current Equalization Factor:
Equalization Factor
2.8032
= =
Example EAV:
Equalized Assessed Value (EAV)
(before exemptions) 62,932
- -
Homeowner Exemption:
Exemptions
7,000
= =
Example EAV:
%
General City Tax Rate:
Tax Rate
7.145%
= =
Example Taxes Due:
Taxes Due
$3,996
v
SAMPLE REAL ESTATE TAX BILL CALCULATION
The typical homeowner exemption for residential property is $7,000 (other exemptions may apply). This sample
calculation is based on the average assessment increase across all residential property in the northern suburbs
and average tax increases in the City of Chicago and the southern suburbs. Individual tax bills will vary based
on reassessment values and individual tax rates.
vi
CityofChicago2016TaxRates
June13,2017
*GeneralCityofChicagogeneraltaxratedoesnotincludespecialdistrictssuchasSpecialServiceAreas,MosquitoAbatementDistricts,
vii Page1of2
HomeEquityAssuranceDistricts,etc
2016Rate 2015Rate %ChangeinRate
CITYOFCHICAGOSPECIALSERVICEAREA52 1.046 1.041 0.48%
CITYOFCHICAGOSPECIALSERVICEAREA54 0.358 0.358 0.00%
CITYOFCHICAGOSPECIALSERVICEAREA82011 0.410 0.393 4.33%
CITYOFCHICAGOSPECIALSERVICEAREA172011 0.237 0.226 4.87%
CITYOFCHICAGOSPECIALSERVICEAREA272011 0.222 0.228 2.63%
CITYOFCHICAGOSPECSERVAREA#55 0.277 0.277 0.00%
CITYOFCHICAGOSPECSERVAREA#56 1.010 0.998 1.20%
CITYOFCHICAGOSPECSERVAREA#59 0.648 0.691 6.22%
CITYOFCHICAGOSPECSERVAREA#60 0.391 0.386 1.30%
CITYOFCHICAGOSPECSERVAREA#61 0.648 0.647 0.15%
CITYOFCHICAGOSPECSERVAREA#62 0.482 0.480 0.42%
CITYOFCHICAGOSPECSERVAREA#63 1.325 1.263 4.91%
CITYOFCHICAGOSPECSERVAREA#64 0.539 0.533 1.13%
CITYOFCHICAGOSPECIALSERVICEAREA282014 0.705 0.654 7.80%
CITYOFCHICAGOSPECIALSERVICEAREA292014 0.389 0.427 8.90%
CITYOFCHICAGOSPECIALSERVICEAREA69 1.373 1.452 5.44%
CITYOFCHICAGOSPECSERVAREA12015 0.342 0.346 1.16%
CITYOFCHICAGOSPECSERVAREA352015 0.301 0.329 8.51%
CITYOFCHICAGOSPECIALSERVICEAREA212016 0.303 0.000 100.00%
CITYOFCHICAGOSPECIALSERVICEAREA71 1.609 0.000 100.00%
CITYOFCHICAGOSPECIALSERVICEAREA72 1.033 0.000 100.00%
TRITONCOMMCOLLDISTR504 0.330 0.352 6.25%
CHICAGOCOMMUNITYCOLLEGEDISTRICT508 0.169 0.177 4.52%
HARPERCOMMUNITYCOLLEGEDISTRICT512 0.416 0.466 10.73%
MORAINEVALLEYCOMMCOLLDISTR524 0.406 0.419 3.10%
OAKTONCOMMUNITYCOLLEGEDISTRICT535 0.231 0.271 14.76%
BOARDOFEDUCATION 3.726 3.455 7.84%
CHICAGOPARKDISTRICT 0.362 0.372 2.69%
CHICAGOPARKDIST.AQUARIUM&MUSEUMBONDS 0.006 0.010 40.00%
METROWATERRECLAMATIONDISTOFGRCHGO 0.406 0.426 4.69%
SOUTHCOOKCOUNTYMOSQABATEMENTDIST 0.017 0.017 0.00%
NORTHWESTHOMEEQUITYASSURANCE 0.004 0.004 0.00%
SOUTHWESTHOMEEQUITYASSURANCE 0.047 0.050 6.00%
SOUTHWESTHOMEEQUITYASSURANCE1 0.064 0.066 3.03%
NORTHRIVEREXPANDEDMENTALHEALTHSERVDIST 0.024 0.024 0.00%
*GeneralCityofChicagogeneraltaxratedoesnotincludespecialdistrictssuchasSpecialServiceAreas,MosquitoAbatementDistricts,
viii Page2of2
HomeEquityAssuranceDistricts,etc
2016 TAX RATES - JUNE 13, 2017
COMPOSITE RATE BREAKDOWN
ix
iv.
EQUALIZED ASSESSED VALUATION
2016 2015
COOK COUNTY
8.11% Increase
17.42% Increase
4.34% Increase
.
CITY OF CHICAGO
4.30% Increase
NOTE:
The 2016 Equalization Factor for all Townships within Cook County,
Illinois has been established by the State of Illinois, Department of
Revenue at 2.8032
x
2016 - 2015 TAX EXTENSION COMPARISON
2016 2015
Taxing District Extension Extension % Change
Increase of 8.01%
Increase of 8.53%
xi
CookCounty2016TaxRatesbyMunicipality
June13,2017
*AveragecompositerateperPIN
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2016Rate 2015Rate %ChangeinRate
TOWNWHEELING 0.041 0.055 25.45%
GENERALASSISTANCEWHEELING 0.008 0.010 20.00%
ROADANDBRIDGEWHEELING 0.014 0.020 30.00%
VILLAGEOFARLINGTONHTSLIBRARYFUND 0.483 0.566 14.66%
SCHOOLDISTRICTCC15 3.543 4.035 12.19%
SCHDIST21WHEELINGCOMMCONSOLIDATED 4.966 5.642 11.98%
SCHOOLDIST23PROSPECTHEIGHTS 3.404 4.062 16.20%
SCHOOLDISTRICT25 3.424 3.990 14.19%
SCHOOLDISTRICT57 2.870 3.364 14.68%
SCHOOLDISTRICTCC59 2.998 3.291 8.90%
PALATINETOWNSHIPHIGHSCHOOL211 2.871 3.309 13.24%
ARLINGTONHTSTWNSHPHS214 2.527 2.881 12.29%
HARPERCOMMUNITYCOLLEGEDISTRICT512 0.416 0.466 10.73%
ARLINGTONHEIGHTSPARKDISTRICT 0.488 0.626 22.04%
BUFFALOGROVEPARKDISTRICT 0.606 0.714 15.13%
MTPROSPECTPARKDISTRICT 0.594 0.681 12.78%
PALATINEPARKDISTRICT 0.648 0.725 10.62%
PROSPECTHEIGHTSPARKDISTRICT 0.770 0.912 15.57%
ROLLINGMEADOWSPARKDISTRICT 0.677 0.749 9.61%
SALTCREEKRURALPARKDISTRICT 1.129 1.281 11.87%
METROWATERRECLAMATIONDISTOFGRCHGO 0.406 0.426 4.69%
NORTHWESTMOSQUITOABATEMENTDISTRICT 0.010 0.011 9.09%
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2016Rate 2015Rate %ChangeinRate
OAKTONCOMMUNITYCOLLEGEDISTRICT535 0.231 0.271 14.76%
GLENVIEWPARKDISTRICT 0.563 0.684 17.69%
NORTHBROOKPARKDISTRICT 0.423 0.569 25.66%
NORTHMAINEFIREPROTECTIONDISTRICT 1.664 1.906 12.70%
METROWATERRECLAMATIONDISTOFGRCHGO 0.406 0.426 4.69%
NORTHFIELDWOODSSANITARYDISTRICT 0.088 0.098 10.20%
OAKMEADOWSANITARYDISTRICT 0.059 0.069 14.49%
NORTHSHOREMOSQUITOABATEMENTDISTRICT 0.010 0.012 16.67%
NORTHWESTMOSQUITOABATEMENTDISTRICT 0.010 0.011 9.09%
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2016Rate 2015Rate %ChangeinRate
COUNTYOFCOOK 0.533 0.552 3.44%
CONSOLIDATEDELECTIONS 0.000 0.034 100.00%
FORESTPRESERVEDISTRICTOFCOOKCOUNTY 0.063 0.069 8.70%
TOWNNEWTRIER 0.049 0.058 15.52%
GENERALASSISTANCENEWTRIER 0.007 0.008 12.50%
ROADANDBRIDGENEWTRIER 0.000 0.000 0.00%
TOWNNORTHFIELD 0.024 0.028 14.29%
GENERALASSISTANCENORTHFIELD 0.006 0.007 14.29%
ROADANDBRIDGENORTHFIELD 0.049 0.057 14.04%
VILOFNORTHFIELDSPECIALSERVICEAREA041 0.681 0.792 14.02%
VILOFNORTHFIELDSPECSERVAREA#101 0.000 0.000 0.00%
VILOFNORTHFIELDSPECSERVAREA#121 0.000 0.000 0.00%
SCHOOLDISTRICT29 2.762 3.197 13.61%
SCHOOLDISTRICTCC34 2.719 3.291 17.38%
SCHDISTRICT37 2.662 3.094 13.96%
NEWTRIERTOWNSHIPHIGHSCHOOL203 1.974 2.380 17.06%
NORTHFIELDTOWNSHIPHIGHSCHOOL225 2.106 2.493 15.52%
OAKTONCOMMUNITYCOLLEGEDISTRICT535 0.231 0.271 14.76%
GLENVIEWPARKDISTRICT 0.563 0.684 17.69%
NORTHFIELDPARKDISTRICT 0.229 0.264 13.26%
WINNETKAPARKDISTRICT 0.354 0.419 15.51%
WINNETKANORTHFIELDPUBLICLIBRARYDISTRICT 0.209 0.246 15.04%
METROWATERRECLAMATIONDISTOFGRCHGO 0.406 0.426 4.69%
WOODLEYROADSANITARYDISTRICT 0.020 0.022 9.09%
NORTHSHOREMOSQUITOABATEMENTDISTRICT 0.010 0.012 16.67%
*AveragecompositerateperPIN
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