Property tax rates per $100 assessed valuation.
Valuation is 33.3% of real property except in Cook County where commercial property is assessed at 38% and industrial property is assessed at 36%.
Property Tax Rates
Year
2004
Total Property Tax Rates
Total Sales Tax Rate
6.25%
City
0.9101%
For Two Previous Years
Utility Tax On
County
0.6652%
2003
2002
Electricity
1.50%
School
5.6813%
8.8340%
8.8556%
Natural Gas
1.50%
Other(s)
1.6614%
Telephone
0.00%
Total
8.9180%
Water
0.00%
Remarks
Real Estate Tax Abatement for Industry 90% Year 1;
75% Year 2.
