Chicago suburbs  ·  2020–2024 Census data

Deerfield Property Tax
Rate & Typical Bill

Homeowners in Deerfield, Lake County, pay about 2.47% of their home's value in property tax each year. The median bill is $10,000+.

Deerfield, IL

Effective rate
2.47%
Median tax bill
$10,000+
Median home value
$623,400
Owner-occupied homes
6,203
Rank in Lake County (1 = highest)
17 of 47

Lake County average: 2.26%

Estimated Yearly Tax by Home Value

At Deerfield's typical rate of 2.47%. Exemptions lower the real bill.

Home valueProperty tax (estimate)
$250,000$6,163
$350,000$8,628
$450,000$11,093
$600,000$14,791
$800,000$19,722

Can You Deduct It?

A family with a $623,400 home in Deerfield pays about $15,368 in property tax. With $120,000 of income they also pay about $5,940 in Illinois income tax, so their SALT deduction is $21,308 — 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
RiverwoodsLake2.15%$10,000+
Highland ParkLake2.08%$10,000+
NorthbrookCook1.45%$10,000+
HighwoodLake2.14%$9,161
LincolnshireLake2.38%$10,000+
WheelingCook2.14%$6,029

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 Deerfield, IL?

Homeowners in Deerfield pay a typical effective property tax rate of 2.47% of home value per year. The median annual bill is $10,000+ and the median home value is $623,400 (U.S. Census ACS 2020–2024).

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

About $9,861 per year at Deerfield's typical rate of 2.47%. The homeowner exemption and other exemptions lower the actual bill.

Is property tax in Deerfield higher than the Lake County average?

Deerfield's typical rate of 2.47% is higher than the Lake County average of 2.26%.

Can I deduct property taxes paid in Deerfield 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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