Homeowners in Park Forest, Cook County, pay about 2.77% of their home's value in property tax each year. The median bill is $4,608.
At Park Forest's typical rate of 2.77%. Exemptions lower the real bill.
| Home value | Property tax (estimate) |
|---|---|
| $250,000 | $6,930 |
| $350,000 | $9,701 |
| $450,000 | $12,473 |
| $600,000 | $16,631 |
| $800,000 | $22,175 |
A family with a $115,300 home in Park Forest pays about $3,196 in property tax. With $120,000 of income they also pay about $5,940 in Illinois income tax, so their SALT deduction is $9,136 — 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 |
|---|---|---|---|
| Olympia Fields | Cook | 2.95% | $9,686 |
| South Chicago Heights | Cook | 1.88% | $2,971 |
| Richton Park | Cook | 2.76% | $5,897 |
| University Park | Will | 2.38% | $4,904 |
| Chicago Heights | Cook | 2.40% | $4,248 |
| Steger | Cook | 2.15% | $3,560 |
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 Park Forest pay a typical effective property tax rate of 2.77% of home value per year. The median annual bill is $4,608 and the median home value is $115,300 (U.S. Census ACS 2020–2024).
About $11,087 per year at Park Forest's typical rate of 2.77%. The homeowner exemption and other exemptions lower the actual bill.
Park Forest's typical rate of 2.77% 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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