Property owners living in Hazel Crest have approximately 15 different taxing bodies listed on a real estate tax bill. Of the 100% tax bill and in rounded figures, the Village of Hazel Crest is 17%, the elementary and high school districts are in the range of 29 - 33% each, the Park District is 6% and the Library is 3%. Complicating the tax bill is that the Village boundaries are located in three townships and several school districts.
Please note that senior citizens have a freeze on their taxes from the initial date of filing the freeze.
Follow this formula to calculate your current tax bill (payable the following year). You will need to insert your home’s fair market value, your homeowner’s exemption and your property tax rate.
The following example uses a home with a fair market value of $75,000, the average homeowners’ exemption of $4,500 and the Hazel Crest tax rate for School District 144 in Bremen Township. The equalization factor and assessment percentage are the same for all homes in Cook County.
$75,000 |
Fair market value | |
| X | 0.16 |
Assessment Percentage |
$12,000 |
||
| X | 2.1489 |
Equalization Factor |
$25,787 |
||
| - | $4,500 |
Average homeowner’s exemption |
$21,287 |
||
| / | 100 |
|
$212.87 |
||
| X | 12.027 |
Tax rate |
$2,560 |
TAX BILL |
In order to calculate your taxes, Hazel Crest residents will need to utilize the proper township and school district using the appropriate tax rate listed below:
|
Thornton |
% |
|
Bremen |
% |
Rich |
% |
||
| Grammar Schools |
2.726 |
18.9 |
3.985 |
33.1 |
4.039 |
30.7 |
||
| 1521/2 Fin Authority |
2.078 |
14.4 |
0 |
0.0 |
0 |
0.0 |
||
| High School |
4.614 |
31.9 |
3.158 |
26.3 |
4.083 |
31.0 |
||
| Village of Hazel Crest |
2.154 |
14.9 |
2.154 |
17.9 |
2.154 |
16.4 |
||
| Cook County |
0.690 |
4.78 |
0.690 |
5.7 |
0.690 |
5.2 |
||
| Park District |
0.649 |
4.49 |
0.649 |
5.4 |
0.649 |
4.9 |
||
| Library |
0.308 |
2.13 |
0.308 |
2.6 |
0.308 |
2.3 |
||
| College |
0.386 |
2.67 |
0.386 |
3.2 |
0.338 |
2.6 |
||
| Water Reclamation |
0.371 |
2.57 |
0.371 |
3.1 |
0.371 |
2.8 |
||
| Cook County Health |
0.156 |
1.08 |
0.156 |
1.3 |
0.156 |
1.2 |
||
| Township |
0.156 |
1.08 |
0.051 |
0.4 |
0.202 |
1.5 |
||
| Township Rd & Bridge |
0.016 |
0.11 |
0.035 |
0.3 |
0.060 |
0.5 |
||
| Township Gen. Asst. |
0.061 |
0.42 |
0.006 |
0.0 |
0.023 |
0.2 |
||
| Forest Preserve Dist. |
0.061 |
0.42 |
0.061 |
0.5 |
0.061 |
0.5 |
||
| Mosquito Abatement |
0.011 |
0.08 |
0.011 |
0.1 |
0.011 |
0.1 |
||
| TB District |
0.006 |
0.04 |
0.006 |
0.0 |
0.006 |
0.0 |
||
| Total |
14.443 |
100 |
12.027 |
100 |
13.151 |
100 |
||
| NOTE: Rich contains a blended rate for two grammar schools, | ||||||||
| one in Homewood (3.998) & one in Flossmoor (4.081) | ||||||||
Click here for more information from the Cook County Assessor's Office.
Last Revised: June 27, 2004 02:12 PM