Chicago suburbs  ·  2020–2024 Census data

Markham Property Tax
Rate & Typical Bill

Homeowners in Markham, Cook County, pay about 2.09% of their home's value in property tax each year. The median bill is $3,683.

Markham, IL

Effective rate
2.09%
Median tax bill
$3,683
Median home value
$135,300
Owner-occupied homes
2,739
Rank in Cook County (1 = highest)
53 of 111

Cook County average: 1.73%

Estimated Yearly Tax by Home Value

At Markham's typical rate of 2.09%. Exemptions lower the real bill.

Home valueProperty tax (estimate)
$250,000$5,223
$350,000$7,312
$450,000$9,401
$600,000$12,535
$800,000$16,713

Can You Deduct It?

A family with a $135,300 home in Markham pays about $2,827 in property tax. With $120,000 of income they also pay about $5,940 in Illinois income tax, so their SALT deduction is $8,767 — 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
Hazel CrestCook2.86%$4,899
PosenCook1.90%$3,253
HarveyCook1.93%$2,628
MidlothianCook2.40%$5,252
DixmoorCook1.37%$2,948
Country Club HillsCook2.59%$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.

Property Tax FAQ

What is the property tax rate in Markham, IL?

Homeowners in Markham pay a typical effective property tax rate of 2.09% of home value per year. The median annual bill is $3,683 and the median home value is $135,300 (U.S. Census ACS 2020–2024).

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

About $8,357 per year at Markham's typical rate of 2.09%. The homeowner exemption and other exemptions lower the actual bill.

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

Markham's typical rate of 2.09% is higher than the Cook County average of 1.73%.

Can I deduct property taxes paid in Markham 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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