What is the property tax rate in Illinois?

Illinois has an effective property tax rate of 2.07%, ranking it #2 out of 50 states. The median homeowner pays $5,189 per year.

How are property taxes calculated in Illinois?

Property taxes in Illinois are calculated by multiplying the assessed value of your property by the local tax rate (millage rate). The effective rate shown here (2.07%) represents the median taxes paid as a percentage of median home value across the state.

Which county in Illinois has the lowest property taxes?

Among Illinois's 102 counties, Woodford County has one of the lowest effective property tax rates.

Does Illinois have a homestead exemption?

Yes, Illinois offers several property tax exemptions including: General Homestead, Senior Homestead, Senior Assessment Freeze, Disabled Veteran, Disability. See the exemptions section above for details.

Illinois Property Tax Rate

2023 Data · 102 Counties

2.07%effective rate

Illinois has an effective property tax rate of 2.07%, ranking it #2 among all 50 states. The median homeowner in Illinois pays $5,189 per year in property taxes on a home valued at $250,500. This rate is 118% higher than the national average of 0.95%.

Effective Tax Rate📊

2.07%

#2 of 50 states

Median Tax Paid🏠

$5,189

Per year

Median Home Value💰

$250,500

2023 estimate

Total Counties📍

102

Population: 12,692,653

Property Tax Rates by County in Illinois

Rank ▲	County	Effective Rate	Median Tax	Median Value
#1	Lake County	2.68%	$8,743	$326,600
#2	DeKalb County	2.54%	$5,889	$231,900
#3	Kendall County	2.53%	$7,556	$298,900
#4	McHenry County	2.49%	$7,153	$286,900
#5	Winnebago County	2.48%	$3,850	$155,100
#6	Stephenson County	2.46%	$3,140	$127,500
#7	Kane County	2.39%	$7,230	$303,000
#8	Will County	2.35%	$6,993	$298,000
#9	Rock Island County	2.33%	$3,372	$144,700
#10	Boone County	2.27%	$4,507	$198,600
#11	McLean County	2.27%	$4,503	$198,300
#12	Peoria County	2.24%	$3,416	$152,600
#13	Kankakee County	2.22%	$4,125	$185,700
#14	Livingston County	2.18%	$2,867	$131,500
#15	Woodford County	2.18%	$4,224	$193,800
#16	McDonough County	2.16%	$2,238	$103,500
#17	LaSalle County	2.15%	$3,336	$154,900
#18	Mason County	2.15%	$2,277	$106,100
#19	Fulton County	2.13%	$2,186	$102,500
#20	Whiteside County	2.13%	$2,676	$125,800

How Illinois Compares

Illinois

2.07%

National Average

0.95%

Neighboring States

Calculate Your Property Tax in Illinois

Property Tax Calculator

Estimate your annual property tax based on your location and home value

State

County

Home Value

$50k$2M

Apply homestead exemption ($100,000 reduction)

Estimated Annual Property Tax

$6,210

$518/month · Rate: 2.07%

Home Value

$300,000

Taxable Value

$300,000

Effective Rate

2.07%

Illinois Property Tax Exemptions

✓

General Homestead

$10,000 reduction in EAV ($8,000 in Cook County)

Primary residence owners as of January 1

✓

Senior Homestead

$8,000 reduction in EAV

Homeowners age 65+ who own and occupy as primary residence

✓

Senior Assessment Freeze

Assessed value frozen at base year level (no increases)

Homeowners age 65+ with household income of $65,000 or less

✓

Disabled Veteran

$2,500 for 30-49% disability; $5,000 for 50-69%; full exemption for 70%+ disability

Veterans with service-connected disability of 30% or more

✓

Disability

$2,000 reduction in EAV

Homeowners who are disabled as defined by federal Social Security guidelines

Nearby States

Iowa

1.43%

Indiana

0.74%

Kentucky

0.77%

Missouri

0.88%

Wisconsin

1.51%

Frequently Asked Questions

Data Source: U.S. Census Bureau, 2023 American Community Survey 5-Year Estimates. Effective tax rates are calculated by dividing median real estate taxes paid by median home value.