Homeowners in Palatine, Cook County, pay about 2.20% of their home's value in property tax each year. The median bill is $8,025.
At Palatine's typical rate of 2.20%. Exemptions lower the real bill.
| Home value | Property tax (estimate) |
|---|---|
| $250,000 | $5,494 |
| $350,000 | $7,691 |
| $450,000 | $9,889 |
| $600,000 | $13,185 |
| $800,000 | $17,580 |
A family with a $355,600 home in Palatine pays about $7,814 in property tax. With $120,000 of income they also pay about $5,940 in Illinois income tax, so their SALT deduction is $13,754 — 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 |
|---|---|---|---|
| Inverness | Cook | 2.19% | $10,000+ |
| Rolling Meadows | Cook | 2.18% | $6,636 |
| Arlington Heights | Cook | 1.98% | $8,759 |
| Deer Park | Lake | 2.09% | $10,000+ |
| Kildeer | Lake | 2.38% | $10,000+ |
| Barrington | Cook | 1.89% | $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 Palatine pay a typical effective property tax rate of 2.20% of home value per year. The median annual bill is $8,025 and the median home value is $355,600 (U.S. Census ACS 2020–2024).
About $8,790 per year at Palatine's typical rate of 2.20%. The homeowner exemption and other exemptions lower the actual bill.
Palatine's typical rate of 2.20% 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.
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