Homeowners in Manhattan, Will County, pay about 2.41% of their home's value in property tax each year. The median bill is $8,785.
At Manhattan's typical rate of 2.41%. Exemptions lower the real bill.
| Home value | Property tax (estimate) |
|---|---|
| $250,000 | $6,018 |
| $350,000 | $8,426 |
| $450,000 | $10,833 |
| $600,000 | $14,444 |
| $800,000 | $19,258 |
A family with a $332,600 home in Manhattan pays about $8,007 in property tax. With $120,000 of income they also pay about $5,940 in Illinois income tax, so their SALT deduction is $13,947 — 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 |
|---|---|---|---|
| Ingalls Park | Will | 2.06% | $3,199 |
| Preston Heights | Will | 1.65% | $1,949 |
| Ridgewood | Will | 2.00% | $3,271 |
| Elwood | Will | 1.94% | $4,507 |
| New Lenox | Will | 2.25% | $9,276 |
| Frankfort | Will | 2.31% | $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.
Homeowners in Manhattan pay a typical effective property tax rate of 2.41% of home value per year. The median annual bill is $8,785 and the median home value is $332,600 (U.S. Census ACS 2020–2024).
About $9,629 per year at Manhattan's typical rate of 2.41%. The homeowner exemption and other exemptions lower the actual bill.
Manhattan's typical rate of 2.41% is higher than the Will County average of 2.10%.
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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