Homeowners in Preston Heights, Will County, pay about 1.65% of their home's value in property tax each year. The median bill is $1,949.
At Preston Heights's typical rate of 1.65%. Exemptions lower the real bill.
| Home value | Property tax (estimate) |
|---|---|
| $250,000 | $4,113 |
| $350,000 | $5,758 |
| $450,000 | $7,403 |
| $600,000 | $9,871 |
| $800,000 | $13,161 |
A family with a $144,100 home in Preston Heights pays about $2,371 in property tax. With $120,000 of income they also pay about $5,940 in Illinois income tax, so their SALT deduction is $8,311 — 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 |
| Ridgewood | Will | 2.00% | $3,271 |
| Joliet | Will | 2.04% | $5,694 |
| Fairmont | Will | 1.82% | $3,153 |
| Crest Hill | Will | 2.01% | $4,663 |
| Elwood | Will | 1.94% | $4,507 |
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 Preston Heights pay a typical effective property tax rate of 1.65% of home value per year. The median annual bill is $1,949 and the median home value is $144,100 (U.S. Census ACS 2020–2024).
About $6,581 per year at Preston Heights's typical rate of 1.65%. The homeowner exemption and other exemptions lower the actual bill.
Preston Heights's typical rate of 1.65% is lower 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.
We check whether you should itemize, claim every Illinois credit and file on time — in English, Russian or Ukrainian.