Calculating Property taxes (Cook County)

Estimated Market Value (per Cook County)  $100,000 

County Assessment Level (Residential)        x     10%

Assessed Valuation                                          10,000

State Equalization Factor (changing yearly)  x  2.9627

Equalized Valuation (EAV)                               29,627

Homeowner's Exemption                               - 10,000

EAV After Exemptions                                      19,627

Tax Rate (Total) (Changes Yearly)                 x   9.35%

Total Taxes Payable                                  $ 1,835.12