Mount Prospect Property Tax Rate
Cook County, Illinois
Mount Prospect is located in Cook County, Illinois. Homeowners in Mount Prospect pay a median of $8,216 per year in property taxes on a home valued at $377,000, resulting in an effective tax rate of 2.18%. This is 14% higher than the Cook County average of 1.91%.
2.18%
vs 1.91% county avg
$8,216
Per year
$377,000
2024 estimate
55,648
Mount Prospect, IL
How Mount Prospect Compares
Cities in Cook County
Compare property tax rates for 28 cities in Cook County, Illinois.
| City | Annual Tax | Rate |
|---|---|---|
| Calumet City | $4,704 | 3.52% |
| Lansing | $4,946 | 2.94% |
| Chicago Heights | $4,127 | 2.75% |
| Oak Forest | $6,496 | 2.62% |
| Tinley Park | $7,259 | 2.51% |
| Wheeling | $5,838 | 2.39% |
| Palatine | $8,113 | 2.33% |
| Berwyn | $6,570 | 2.30% |
| Streamwood | $5,952 | 2.30% |
| Hoffman Estates | $7,802 | 2.29% |
| Oak Lawn | $6,101 | 2.28% |
| Burbank | $5,776 | 2.23% |
| Cicero | $5,248 | 2.22% |
| Arlington Heights | $8,933 | 2.22% |
| Oak Park | $10,001 | 2.19% |
| Mount Prospect | $8,216 | 2.18% |
| Skokie | $7,803 | 2.12% |
| Orland Park | $7,263 | 2.08% |
| Schaumburg | $6,395 | 2.05% |
| Elk Grove Village | $6,748 | 2.02% |
| Des Plaines | $6,254 | 1.97% |
| Evanston | $8,953 | 1.90% |
| Park Ridge | $10,001 | 1.85% |
| Niles | $6,064 | 1.73% |
| Glenview | $10,001 | 1.67% |
| Northbrook | $10,001 | 1.55% |
| Chicago | $4,814 | 1.53% |
| Wilmette | $10,001 | 1.25% |
About Property Taxes in Mount Prospect
Property taxes in Mount Prospect are collected by Cook County. Tax exemptions available to Cook County residents — including homestead, senior, and disability exemptions — also apply to homeowners in Mount Prospect. For detailed information on available exemptions and the county tax collector, see the Cook County property tax page.
Property Tax Calculator
Estimate your annual property tax in Mount Prospect
Estimated Annual Property Tax
$6,540
$545/month · Rate: 2.18%
Cook County Property Taxes
County-level data, exemptions, historical trends, and tax collector info.
View county details →Illinois Property Taxes
Statewide rates, all 102 counties, and exemptions.
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Data Source: U.S. Census Bureau, 2024 American Community Survey 5-Year Estimates. City-level tax data is derived from Census place-level statistics. Effective tax rates are calculated by dividing median real estate taxes paid by median home value. Actual property tax rates may vary based on local taxing jurisdictions, exemptions, and assessment practices. This information is for general reference only and should not be used as a substitute for professional tax advice.