Chicago suburbs  ·  2020–2024 Census data

River Forest Property Tax
Rate & Typical Bill

Homeowners in River Forest, Cook County, pay about 2.15% of their home's value in property tax each year. The median bill is $10,000+.

River Forest, IL

Effective rate
2.15%
Median tax bill
$10,000+
Median home value
$687,300
Owner-occupied homes
3,911
Rank in Cook County (1 = highest)
42 of 111

Cook County average: 1.73%

Estimated Yearly Tax by Home Value

At River Forest's typical rate of 2.15%. Exemptions lower the real bill.

Home valueProperty tax (estimate)
$250,000$5,372
$350,000$7,521
$450,000$9,669
$600,000$12,892
$800,000$17,190

Can You Deduct It?

A family with a $687,300 home in River Forest pays about $14,768 in property tax. With $120,000 of income they also pay about $5,940 in Illinois income tax, so their SALT deduction is $20,708 — 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
Oak ParkCook2.51%$10,000+
MaywoodCook2.56%$6,590
Forest ParkCook2.12%$6,481
Elmwood ParkCook1.96%$7,029
River GroveCook1.48%$5,591
Melrose ParkCook1.79%$5,717

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 River Forest, IL?

Homeowners in River Forest pay a typical effective property tax rate of 2.15% of home value per year. The median annual bill is $10,000+ and the median home value is $687,300 (U.S. Census ACS 2020–2024).

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

About $8,595 per year at River Forest's typical rate of 2.15%. The homeowner exemption and other exemptions lower the actual bill.

Is property tax in River Forest higher than the Cook County average?

River Forest's typical rate of 2.15% is higher than the Cook County average of 1.73%.

Can I deduct property taxes paid in River Forest 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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