Property Taxes
I have a question about property taxes on a property I own.
The Cook County Treasurer's Office is responsible for the collection of property taxes from property owners in Chicago. Visit their website for more information on what you owe and how to pay your bill.
What are the property taxes on lots being sold through ChiBlockBuilder?
Property taxes are determined by the Cook County Assessor based on a property’s assessed value. Assessed value is not the same as market value.
Please note that property owned by the City is not taxed because it is owned by a government agency. When buying City-owned land, taxes will be assessed per the Cook County Assessor’s schedule once ownership is transferred to a private buyer after closing.
For comparative purposes only, the 2021 taxes for vacant lots previously sold by the City to private buyers are below:
| Address | Neighborhood | 2021 taxes | Assessed value | Square feet |
| 5938 W. Iowa St. | Austin | $858.29 | $4,268 | 4,493 |
| 3459 W. Fulton St. | East Garfield Park | $1,246.44 | $6,178 | 5,258 |
| 5014 S. Laflin St. | Greater Englewood | $390.30 | $1,942 | 2,987 |
| 5006 S. Michigan Ave. | Greater Englewood | $1,938.26 | $9,610 | 5,653 |