Melrose Park, IL Property Tax Rates
Compare property tax rates across 2 ZIP codes in Melrose Park, Illinois.
Avg Tax Rate
2.29%
Avg Annual Tax
$5,766
Avg Home Value
$252,700
ZIP Codes
2
Property Tax Overview: Melrose Park, IL
Melrose Park has 2 ZIP codes with property tax data. The average effective tax rate across these ZIPs is 2.29%, which is 22% above the Illinois average of 1.88%. Annual property taxes range from $5,660 (ZIP 60160) to $5,872 (ZIP 60164).
For a home at Melrose Park's median value of $252,700, property taxes add approximately $482/month to housing costs. Melrose Park home values are above the Illinois median of $185,194, meaning the monthly tax impact is correspondingly higher.
Property tax rates within Melrose Park vary by 0.31 percentage points across its ZIP codes. This variation typically reflects different school district boundaries, special assessment zones, and municipal service areas within the city.
Melrose Park vs Illinois Average
Effective Tax Rate
22% above state average
Annual Property Tax
Median Home Value
Frequently Asked Questions
What is the average property tax rate in Melrose Park, IL?
The average effective property tax rate in Melrose Park, Illinois is 2.29%, based on 2 ZIP codes.
How much is property tax in Melrose Park, IL?
The average median annual property tax in Melrose Park is $5,766 per year, with a median home value of $252,700.
Which ZIP code in Melrose Park has the lowest property tax rate?
ZIP code 60160 has the lowest effective tax rate in Melrose Park at 2.14%, with a median annual tax of $5,660.
How many ZIP codes are in Melrose Park, IL?
Melrose Park, Illinois has 2 ZIP codes with property tax data available.
Which ZIP code in Melrose Park has the highest property tax rate?
ZIP code 60164 has the highest effective tax rate in Melrose Park at 2.44%, with a median annual tax of $5,872.
How do Melrose Park property taxes compare to the Illinois average?
Melrose Park's average effective rate of 2.29% is 22% above the Illinois state average of 1.88%.
What factors affect property tax rates between ZIP codes in Melrose Park?
Property tax rate differences within Melrose Park are typically driven by school district boundaries (which can account for 40–60% of a tax bill), special assessment zones for fire, water, or transit services, and whether a ZIP falls within city limits or an unincorporated area. Each taxing jurisdiction sets its own rate, which is why adjacent ZIP codes can have noticeably different effective rates.
Tips for Melrose Park Homeowners
- •Appeal your assessment: If your home is assessed higher than its market value, you can file a property tax appeal. Studies suggest 30–60% of properties are over-assessed. Most counties offer a free informal review process.
- •Check your exemptions: Homestead exemptions can reduce your taxable value and are available to primary residents in most states. Senior, veteran, and disability exemptions may also apply. Exemptions must typically be applied for — they are not automatic.
- •Know your assessment cycle: Illinois reassesses properties periodically. After buying a home, your next tax bill may reflect a new assessment based on your purchase price. Budget accordingly, especially if you bought above prior assessed values.
- •Compare ZIP codes before buying: Even within Melrose Park, effective tax rates can vary significantly across ZIP codes due to different school district overlays. Use PropertyTaxByZip to compare specific ZIPs before choosing a neighborhood.
Looking for county-level property tax data? View Cook County on TaxByCounty.com
Data from U.S. Census Bureau, American Community Survey 2019-2023 5-Year Estimates (ZCTA level). ZIP Code Tabulation Areas (ZCTAs) are Census approximations of USPS ZIP codes.
Estimates are informational only and should not be used as financial or legal advice.