Chicago, IL — income, home value, property tax, and sales tax.
In ZIP 60465, near Chicago, homes carry a median value of $279,200 while the county-level effective property tax rate sits at 1.91%. That combination produces an annual property tax bill of roughly $5,333, a meaningful sum against a median household income of $83,533. Per-capita income reaches $39,406. Buyers weighing a purchase here should factor in both the tax rate and the 9.00% combined sales tax, which shapes day-to-day costs alongside the mortgage. The gap between home values and earnings means property taxes absorb a noticeable share of household budgets, so comparing total ownership costs matters as much as the sticker price.
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