Property tax in Illinois: 2.01%
The median Illinois homeowner pays $5,298 a year on a home worth $263,300, an effective rate of 2.01%. That ranks 2nd of 51, between New Jersey (2.11%) and Connecticut (1.81%). At the median state's 0.8% the same $263,300 home would owe $3,186 less a year.
In dollars, Illinois has the 20th-lowest median home value and the 6th-largest median bill of the 51. By home value it sits between Wisconsin ($266,500, taxed at 1.42%) and South Carolina ($259,000, 0.48%).
| Rank | State | Effective rate | Median bill | Median home value |
|---|---|---|---|---|
| 1 | New Jersey | 2.11% | $9,590 | $454,400 |
| 2 | Illinois | 2.01% | $5,298 | $263,300 |
| 3 | Connecticut | 1.81% | $6,643 | $366,900 |
| 4 | New Hampshire | 1.66% | $6,667 | $402,500 |
Illinois property tax by home price
At county rates the median-value home would owe $5,213 a year in Cook County and $7,056 in Lake County, against $5,298 at the statewide figure.
| Home value | Per year | Per month | vs. median state (0.8%) |
|---|---|---|---|
| $130,000 (half the median) | $2,613 | $218 | +$1,573 |
| $263,300 (median) | $5,292 | $441 | +$3,186 |
| $395,000 (1.5× the median) | $7,940 | $662 | +$4,780 |
| $525,000 (twice the median) | $10,553 | $879 | +$6,353 |
Property tax by county in Illinois
Across the 5 largest Illinois counties, measured effective rates run from 1.98% in Cook County to 2.68% in Lake County; 4 of them sit above the statewide 2.01%.
| County | Main cities | Population | Effective rate | Median home value | Median tax |
|---|---|---|---|---|---|
| Cook County | Chicago | 5,185,812 | 1.98% | $305,200 | $6,053 |
| DuPage County | Naperville, Wheaton | 927,263 | 2.09% | $374,100 | $7,833 |
| Lake County | Waukegan | 711,885 | 2.68% | $326,600 | $8,743 |
| Will County | Joliet | 698,450 | 2.35% | $298,000 | $6,993 |
| Kane County | Aurora, Elgin | 516,097 | 2.39% | $303,000 | $7,230 |