Property tax in Illinois
The effective rate is about 1.88% of the home's value a year (Tax Foundation, 2024). On a $400,000 home that is about $7,520 a year (our calculation). Rates vary a lot by county and town.
Property tax
1.88%
of home value a year
Tax on a $400,000 home
$7,520
A month
$627
Rank
50 of 51
1 = lowest
| State | Property tax | Rank |
|---|---|---|
| Vermont | 1.51% | 48 |
| Connecticut | 1.54% | 49 |
| Illinois | 1.88% | 50 |
| New Jersey | 1.88% | 51 |
Common questions
What is the property tax rate in Illinois?
The effective rate is about 1.88% of the home's value a year (Tax Foundation, 2024). On a $400,000 home that is about $7,520 a year (our calculation). Rates vary a lot by county and town.
Does Illinois have high property taxes?
Illinois ranks 50 of 51 (1 = lowest effective rate), based on Tax Foundation's 2024 figures.
See the full monthly cost of a home with the mortgage calculator.
More for Illinois: monthly budget · take-home pay · rent.