Homeowners in Franklin Park, Cook County, pay about 2.20% of their home's value in property tax each year. The median bill is $6,561.
At Franklin Park's typical rate of 2.20%. Exemptions lower the real bill.
| Home value | Property tax (estimate) |
|---|---|
| $250,000 | $5,508 |
| $350,000 | $7,711 |
| $450,000 | $9,914 |
| $600,000 | $13,219 |
| $800,000 | $17,625 |
A family with a $287,000 home in Franklin Park pays about $6,323 in property tax. With $120,000 of income they also pay about $5,940 in Illinois income tax, so their SALT deduction is $12,263 — 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 |
|---|---|---|---|
| Schiller Park | Cook | 1.96% | $6,034 |
| Northlake | Cook | 1.70% | $6,005 |
| Stone Park | Cook | 2.15% | $6,021 |
| River Grove | Cook | 1.48% | $5,591 |
| Melrose Park | Cook | 1.79% | $5,717 |
| Elmwood Park | Cook | 1.96% | $7,029 |
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 Franklin Park pay a typical effective property tax rate of 2.20% of home value per year. The median annual bill is $6,561 and the median home value is $287,000 (U.S. Census ACS 2020–2024).
About $8,812 per year at Franklin Park's typical rate of 2.20%. The homeowner exemption and other exemptions lower the actual bill.
Franklin Park's typical rate of 2.20% is higher 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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