Illinois Property Tax Calculator
Calculate Illinois property taxes. Effective rate: 2.27%. Estimate annual and monthly property tax on your home.
How This Calculator Works
Calculation methodology and assumptions
Property tax is calculated by multiplying the assessed value of your property by the local tax rate. In Illinois, the effective property tax rate averages 2.27%. This calculator uses the effective rate, which accounts for the difference between assessed and market value. Illinois offers a homestead exemption of up to $10,000 for owner-occupied primary residences.
Frequently Asked Questions
What is the property tax rate in Illinois?
Illinois's effective property tax rate is 2.27%. On a $255,000 home, that's approximately $5,789 per year or $482/month.
Does Illinois have a homestead exemption?
Yes, Illinois offers a homestead exemption of up to $10,000 on your primary residence, reducing your taxable assessed value.
When are property taxes due in Illinois?
Property tax due dates vary by county in Illinois. Most counties bill semi-annually or annually. Check with your county assessor's office for specific dates. Many mortgage lenders collect property taxes monthly as part of escrow.
How does Illinois's property tax compare to other states?
Illinois's rate of 2.27% is among the highest in the nation. Only states like New Jersey (2.49%) and Illinois (2.27%) are higher.
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