Understand the true cost of ownership before you make an offer.
Chicago effective tax rates range from ~1.3% (Lincoln Park) to ~2.0% (Lincoln Square). South & West Side bills spiked 30% in 2025. Know your neighborhood's number before you offer.
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$300K$900K$1.5M$2.25M$3M
Annual Property Tax
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Current (post-increase)
Monthly Tax Cost
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Added to your PITI
Effective Tax Rate
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Chicago Average
Annual Change vs. Prior Year
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vs. prior year assessment
Year-Over-Year Tax Breakdown
2025 Annual Tax (pre-increase)—
2026 Annual Tax (current)—
Monthly difference—
Effective rate on purchase price—
Estimated monthly PITI (20% down, 6.8% rate)—
5-Year Tax Projection
Assumes 3% annual assessment growth
5-Year Cumulative Tax Bill—
Methodology: Estimates use Cook County residential effective tax rates by neighborhood (2025–2026 data). South & West Side neighborhoods saw 30% bill spikes from reassessments; Northwest Side rates are relatively stable. Actual taxes vary by PIN, exemptions, and assessment cycle. Always verify with a tax professional before closing. PITI calculation assumes 20% down, 6.8% 30-yr fixed, and homeowner's insurance of $150/mo.
Before you make an offer — let's run the real numbers.
Every buyer I work with gets a full cost-of-ownership breakdown before submitting. Property taxes, HOA, assessments — the full picture.