Homeowners in Homewood, Cook County, pay about 2.72% of their home's value in property tax each year. The median bill is $5,933.
At Homewood's typical rate of 2.72%. Exemptions lower the real bill.
| Home value | Property tax (estimate) |
|---|---|
| $250,000 | $6,809 |
| $350,000 | $9,533 |
| $450,000 | $12,256 |
| $600,000 | $16,342 |
| $800,000 | $21,789 |
A family with a $221,100 home in Homewood pays about $6,022 in property tax. With $120,000 of income they also pay about $5,940 in Illinois income tax, so their SALT deduction is $11,962 — 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 |
|---|---|---|---|
| Hazel Crest | Cook | 2.86% | $4,899 |
| Flossmoor | Cook | 3.24% | $10,000+ |
| Thornton | Cook | 1.46% | $4,130 |
| Glenwood | Cook | 2.42% | $5,843 |
| Markham | Cook | 2.09% | $3,683 |
| Country Club Hills | Cook | 2.59% | $5,168 |
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 Homewood pay a typical effective property tax rate of 2.72% of home value per year. The median annual bill is $5,933 and the median home value is $221,100 (U.S. Census ACS 2020–2024).
About $10,895 per year at Homewood's typical rate of 2.72%. The homeowner exemption and other exemptions lower the actual bill.
Homewood's typical rate of 2.72% 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.
We check whether you should itemize, claim every Illinois credit and file on time — in English, Russian or Ukrainian.