Homeowners in Chicago, Cook County, pay about 1.45% of their home's value in property tax each year. The median bill is $4,943.
At Chicago's typical rate of 1.45%. Exemptions lower the real bill.
| Home value | Property tax (estimate) |
|---|---|
| $250,000 | $3,623 |
| $350,000 | $5,072 |
| $450,000 | $6,521 |
| $600,000 | $8,694 |
| $800,000 | $11,592 |
A family with a $334,100 home in Chicago pays about $4,841 in property tax. With $120,000 of income they also pay about $5,940 in Illinois income tax, so their SALT deduction is $10,781 — under the $40,400 cap. That alone does not beat the $32,200 standard deduction for married couples; mortgage interest and charity decide the rest.
| Town | County | Rate | Median bill |
|---|---|---|---|
| Cicero | Cook | 1.90% | $5,465 |
| Stickney | Cook | 2.23% | $6,077 |
| Berwyn | Cook | 2.25% | $6,805 |
| Oak Park | Cook | 2.51% | $10,000+ |
| Riverside | Cook | 2.38% | $10,000+ |
| Forest Park | Cook | 2.12% | $6,481 |
Source: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates. Unofficial estimate, not a tax bill. Updated 2026-10-08.
Homeowners in Chicago pay a typical effective property tax rate of 1.45% of home value per year. The median annual bill is $4,943 and the median home value is $334,100 (U.S. Census ACS 2020–2024).
About $5,796 per year at Chicago's typical rate of 1.45%. The homeowner exemption and other exemptions lower the actual bill.
Chicago's typical rate of 1.45% is lower than the Cook County average of 1.73%.
Yes, if you itemize. For 2026, property tax plus Illinois income tax count toward the SALT deduction, capped at $40,400 ($20,200 if married filing separately) and reduced above $505,000 of income. Itemizing helps only if your total deductions beat the standard deduction: $32,200 married filing jointly, $16,100 single, $24,150 head of household.
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