How much are property taxes in Franklin Park, IL?
Homeowners in Franklin Park, IL pay a median of $6,561 (±$164) a year in real estate taxes (2020–2024 American Community Survey, table B25103).
Homes with a mortgage pay a median of $6,706.
Homes without a mortgage pay a median of $6,326.
That is about 2.3% of the median home value of $287,000.
In Franklin Park, the median real estate tax went from $5,910 in 2015–2019 to $6,561 in 2020–2024 (+11.0%).
Prices (CPI-U) rose 22.7% over the same years, so it rose more slowly than prices: a measurable decrease after inflation.
Figures last updated on .
- Median real estate taxes
- $6,561 (±$164)
- With a mortgage
- $6,706
- Without a mortgage
- $6,326
- Share of median value
- 2.3%
Real estate taxes in Franklin Park against Cook County, its state and the nation
| Franklin Park | Cook County | Illinois | United States | |
|---|---|---|---|---|
| Median real estate taxes | $6,561 (±$164) | $6,191 (±$30) | $5,298 (±$22) | $3,119 |
| Homes with a mortgage | $6,706 (±$257) | $6,502 (±$41) | $5,833 (±$28) | $3,489 |
| Homes without a mortgage | $6,326 (±$204) | $5,638 (±$66) | $4,463 (±$30) | $2,576 |
| Median home value | $287,000 (±$10,466) | $324,500 (±$1,460) | $263,300 (±$797) | $332,700 |
In Franklin Park, the median real estate tax is higher than in Cook County ($6,191).
It is also higher than in Illinois ($5,298).
It is higher than the national figure ($3,119).
In Cook County, Franklin Park ranks 70 of 147 places with a published estimate, from highest to lowest median real estate taxes.
Statewide, it ranks 284 of 2,625.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
Taxes as a share of home value in Franklin Park
The median tax ($6,561) is 2.3% of the median home value ($287,000).
Across Cook County the same ratio is 1.9%.
Across Illinois it is 2.0%.
This is a ratio of two medians, a rough effective rate: not the tax rate or mill rate the town, county or school district sets, and not any one home’s bill.
Owners report what they paid and what they think their home is worth; the assessor’s office publishes the actual rates and assessments.
How property taxes in Franklin Park have changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median real estate taxes | $5,910 (±$95) | $6,561 (±$164) | +11.0% | Down after inflation |
| Median home value | $203,800 (±$7,738) | $287,000 (±$10,466) | +40.8% | Up after inflation |
| Median owner cost with a mortgage | $1,864 (±$53) | $2,073 (±$119) | +11.2% | Down after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median real estate taxes in places near Franklin Park
| Place | Distance | Median real estate taxes | Compared with this place |
|---|---|---|---|
| Franklin Park | — | $6,561 (±$164) | — |
| Leyden Township | 0.6 mi | $6,344 (±$122) | Lower |
| Schiller Park | 1.6 mi | $6,034 (±$475) | Lower |
| Northlake | 2.0 mi | $6,005 (±$209) | Lower |
| Stone Park | 2.3 mi | $6,021 (±$1,184) | Not measurably different |
| River Grove | 2.3 mi | $5,591 (±$382) | Lower |
| Melrose Park | 2.4 mi | $5,717 (±$238) | Lower |
| Elmwood Park | 3.4 mi | $7,029 (±$415) | Higher |
| Norridge | 3.5 mi | $6,328 (±$253) | Not measurably different |
Nearby places with a measurably lower figure: Leyden Township, IL ($6,344), Schiller Park, IL ($6,034), Northlake, IL ($6,005).
Nearby places with a measurably higher figure: Elmwood Park, IL ($7,029).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median real estate taxes across Cook County, place by place
| Rank | Place | Median real estate taxes |
|---|---|---|
| 64 | Hickory Hills | $6,715 (±$322) |
| 65 | Rolling Meadows | $6,636 (±$348) |
| 66 | Schaumburg | $6,617 (±$190) |
| 67 | Maywood | $6,590 (±$401) |
| 68 (tie) | Oak Forest | $6,589 (±$292) |
| 68 (tie) | Elk Grove Township | $6,589 (±$186) |
| 70 | Franklin Park | $6,561 (±$164) |
| 71 | Forest Park | $6,481 (±$1,191) |
| 72 | Palos Township | $6,479 (±$187) |
| 73 | Proviso Township | $6,477 (±$107) |
| 74 | Hanover Township (Cook County) | $6,457 (±$154) |
| 75 | Bedford Park | $6,373 (±$709) |
| 76 (tie) | Des Plaines | $6,344 (±$153) |
Showing 13 of 147 places in Cook County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Franklin Park
How much are property taxes in Franklin Park?
The median real estate tax paid by homeowners in Franklin Park, IL is $6,561 (±$164) a year (2020–2024 American Community Survey).
What is the property tax rate in Franklin Park?
The Census Bureau does not publish tax rates; as a rough guide, the median tax paid is 2.3% of the median home value in Franklin Park, and the actual rate is set by the town, county and school district.
Have property taxes in Franklin Park gone up?
In Franklin Park, the median real estate tax went from $5,910 in 2015–2019 to $6,561 in 2020–2024 (+11.0%).
Prices (CPI-U) rose 22.7% over the same years, so it rose more slowly than prices: a measurable decrease after inflation.
Are property taxes in Franklin Park higher than in Cook County?
In Franklin Park, the median real estate tax is higher than in Cook County ($6,191).
It is also higher than in Illinois ($5,298).
It is higher than the national figure ($3,119).
Sources
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Franklin Park village, Illinois
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Franklin Park village, Illinois
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2015–2019 ACS 5-year estimates — Franklin Park village, Illinois
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Franklin Park village, Illinois
- Median Selected Monthly Owner Costs (B25088), 2015–2019 ACS 5-year estimates — Franklin Park village, Illinois
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Franklin Park village, Illinois (place:27702, in state:17).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B25103_001E, B25103_001M, B25077_001E, B25077_001M, B25088_002E, B25088_002M from the 2019 release.
The API needs a free key.
B25103_001E, B25103_001M, B25103_002E, B25103_002M, B25103_003E, B25103_003M, DP04_0089E, DP04_0089M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
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