60466 Property Tax Rate

Property owners in ZIP code 60466 (Park Forest, Illinois) pay a median of $4,024/year in property taxes on homes valued at $106,100. This translates to an effective tax rate of 3.79%, which is 102% above the Illinois state average of 1.88%.

The monthly property tax burden for a median-valued home in 60466 is approximately $335, which factors into escrow payments on mortgages. This ZIP code is located within Cook County. This is $523 more than the Illinois average of $3,501/year.

Compared to similar ZIP codes in Illinois, 60466 has higher property taxes. ZIP codes with similar effective rates include 61751 (3.58%) and 60484 (3.56%).

In Park Forest, property taxes represent approximately 6.4% of the median household income of $63,132, providing context for the relative tax burden on homeowners in this area.

If you're considering purchasing a home in 60466, keep in mind that property taxes are based on the assessed value assigned by the local assessor, which may differ from the purchase price. In some states, properties are reassessed at or near the sale price upon transfer of ownership. For the most current tax information for a specific property, consult Cook County's tax assessor directly.