Chicago suburbs  ·  2020–2024 Census data

Lockport Property Tax
Rate & Typical Bill

Homeowners in Lockport, Will County, pay about 2.01% of their home's value in property tax each year. The median bill is $7,909.

Lockport, IL

Effective rate
2.01%
Median tax bill
$7,909
Median home value
$316,000
Owner-occupied homes
8,380
Rank in Will County (1 = highest)
17 of 27

Will County average: 2.10%

Estimated Yearly Tax by Home Value

At Lockport's typical rate of 2.01%. Exemptions lower the real bill.

Home valueProperty tax (estimate)
$250,000$5,037
$350,000$7,052
$450,000$9,067
$600,000$12,090
$800,000$16,119

Can You Deduct It?

A family with a $316,000 home in Lockport pays about $6,367 in property tax. With $120,000 of income they also pay about $5,940 in Illinois income tax, so their SALT deduction is $12,307 — 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
FairmontWill1.82%$3,153
RidgewoodWill2.00%$3,271
New LenoxWill2.25%$9,276
Homer GlenWill2.17%$9,017
Crest HillWill2.01%$4,663
Ingalls ParkWill2.06%$3,199

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 Lockport, IL?

Homeowners in Lockport pay a typical effective property tax rate of 2.01% of home value per year. The median annual bill is $7,909 and the median home value is $316,000 (U.S. Census ACS 2020–2024).

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

About $8,060 per year at Lockport's typical rate of 2.01%. The homeowner exemption and other exemptions lower the actual bill.

Is property tax in Lockport higher than the Will County average?

Lockport's typical rate of 2.01% is lower than the Will County average of 2.10%.

Can I deduct property taxes paid in Lockport 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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