Illinois

Property Tax Rates & Rules

2.07%

Effective Rate

$5,485

Median Annual Tax

$265k

Median Home Value

Available

Homestead Exempt

Full Tax Details

Avg Effective Rate2.07%

Median Home Value$265,000

Median Annual Tax$5,485

Assessment Ratio33.33%

Homestead ExemptionYes

Senior ExemptionYes

Highest Rate CountyLake

Lowest Rate CountyHardin

Payment ScheduleTwo installments: June 1 and Sept 1 (Cook County varies).

Assessment Method

Equalized Assessed Value (EAV) is 1/3 of market value; Cook County differs.

Homestead Exemption Details

General Homestead Exemption ($6,000-$10,000 depending on county).

Senior Exemption Details

Senior Citizens Homestead Exemption and Senior Freeze available.

How to Appeal Your Assessment

File with County Board of Review within 30 days of assessment notice.

Official Source

Illinois Tax Authority

Last verified: 2026-03-31 · Always confirm current rates before making real estate decisions.