General Area in 60610>Question Details

Joy Poskozim, Other/Just Looking in Chicago, IL

How much are taxes for a 665square foot high-rise condo in 60610?

Asked by Joy Poskozim, Chicago, IL Fri Jun 6, 2008

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6
Taxes are not based on your square footage, taxes are based on the amount the cook county assessor's office appraises your place for.
1 vote Thank Flag Link Fri Jun 6, 2008
Hello Joy,

When looking at taxes of units, even those in the same building and an identical unit can be different. Homeowners, senior exemptions and tax freezes play a role in this and if an owner has occupied a unit for a number of years compared to recent sales, you can see a big swing in amounts.
Just because a unit has low taxes, don't assume those taxess will continue for the next owner. A sale will trigger a reassessment by the city when the next round occurs and you'll find out pretty quickly how good the city is at making sure you pay your share.

Good luck, Ken.
Web Reference: http://www.KDRchicago.com
0 votes Thank Flag Link Sat Jun 7, 2008
lol - yea, somethin like that....
0 votes Thank Flag Link Fri Jun 6, 2008
once you've used

http://www.cookcountyassessor.com

to identify the PIN number of the property you're looking for, you'll then want to hop over to the treasurer's website at:

http://www.cookcountytreasurer.com

to find out what the '06 taxes are.
0 votes Thank Flag Link Fri Jun 6, 2008
Alan May, Real Estate Pro in 60201
MVP'08
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Joy - Scott's answer is spot on.
In fact, Cook County's assessor has an online search for finding properties.

http://www.cookcountyassessor.com/info/startres.asp

I don't think all the properties are on there yet - but if the one you're looking at is, you will be able to get the exact breakdown of taxes for that property.
0 votes Thank Flag Link Fri Jun 6, 2008
I looked at 33 condos actively on the market in 60610 between 600 and 700 square feet. Of the 33 condos 4 of them came up as new (no tax information available) in the tax category, either because they are new buildings or conversions. The average tax bill was $2074 for the 29 condos that had tax information.
The highest taxes based on the 2006 tax bill was for a 690 sq. ft condo with one parking space in a covered garage at $3866.00. The building has many amenities and wonderful features.
The lowest taxes $916.00 were for a 630 sq.ft. Condo without parking. Parking in this building would cost you an additional 130 a month totally about $1560 a year. And, that’s when you get thru the waiting list and get the spot! As you can see there is no one answer, there are many factors that need to be looked at. Good Luck!
0 votes Thank Flag Link Fri Jun 6, 2008
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