Chicago suburbs  ·  2020–2024 Census data

Crestwood Property Tax
Rate & Typical Bill

Homeowners in Crestwood, Cook County, pay about 1.69% of their home's value in property tax each year. The median bill is $4,174.

Crestwood, IL

Effective rate
1.69%
Median tax bill
$4,174
Median home value
$195,200
Owner-occupied homes
3,737
Rank in Cook County (1 = highest)
95 of 111

Cook County average: 1.73%

Estimated Yearly Tax by Home Value

At Crestwood's typical rate of 1.69%. Exemptions lower the real bill.

Home valueProperty tax (estimate)
$250,000$4,223
$350,000$5,912
$450,000$7,601
$600,000$10,135
$800,000$13,513

Can You Deduct It?

A family with a $195,200 home in Crestwood pays about $3,297 in property tax. With $120,000 of income they also pay about $5,940 in Illinois income tax, so their SALT deduction is $9,237 — 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.

Run your own numbers

Compare Nearby Towns

TownCountyRateMedian bill
MidlothianCook2.40%$5,252
RobbinsCook1.99%$2,723
AlsipCook2.34%$5,257
Oak ForestCook2.46%$6,589
PosenCook1.90%$3,253
Blue IslandCook2.27%$4,550

Source: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates. Unofficial estimate, not a tax bill. Updated 2026-10-08.

Property Tax FAQ

What is the property tax rate in Crestwood, IL?

Homeowners in Crestwood pay a typical effective property tax rate of 1.69% of home value per year. The median annual bill is $4,174 and the median home value is $195,200 (U.S. Census ACS 2020–2024).

How much is property tax on a $400,000 home in Crestwood?

About $6,757 per year at Crestwood's typical rate of 1.69%. The homeowner exemption and other exemptions lower the actual bill.

Is property tax in Crestwood higher than the Cook County average?

Crestwood's typical rate of 1.69% is about the same as the Cook County average of 1.73%.

Can I deduct property taxes paid in Crestwood on my 2026 federal return?

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.

Let a CPA Run Your Numbers

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