Chicago suburbs  ·  2020–2024 Census data

Glencoe Property Tax
Rate & Typical Bill

Homeowners in Glencoe, Cook County, pay about 1.42% of their home's value in property tax each year. The median bill is $10,000+.

Glencoe, IL

Effective rate
1.42%
Median tax bill
$10,000+
Median home value
$1,432,500
Owner-occupied homes
2,738
Rank in Cook County (1 = highest)
108 of 111

Cook County average: 1.73%

Estimated Yearly Tax by Home Value

At Glencoe's typical rate of 1.42%. Exemptions lower the real bill.

Home valueProperty tax (estimate)
$250,000$3,541
$350,000$4,957
$450,000$6,373
$600,000$8,498
$800,000$11,331

Can You Deduct It?

A family with a $1,432,500 home in Glencoe pays about $20,289 in property tax. With $120,000 of income they also pay about $5,940 in Illinois income tax, so their SALT deduction is $26,229 — 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
WinnetkaCook1.73%$10,000+
NorthfieldCook1.34%$10,000+
NorthbrookCook1.45%$10,000+
Highland ParkLake2.08%$10,000+
KenilworthCook1.89%$10,000+
WilmetteCook1.76%$10,000+

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 Glencoe, IL?

Homeowners in Glencoe pay a typical effective property tax rate of 1.42% of home value per year. The median annual bill is $10,000+ and the median home value is $1,432,500 (U.S. Census ACS 2020–2024).

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

About $5,665 per year at Glencoe's typical rate of 1.42%. The homeowner exemption and other exemptions lower the actual bill.

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

Glencoe's typical rate of 1.42% is lower than the Cook County average of 1.73%.

Can I deduct property taxes paid in Glencoe 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.

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