Chicago suburbs  ·  2020–2024 Census data

Riverside Property Tax
Rate & Typical Bill

Homeowners in Riverside, Cook County, pay about 2.38% of their home's value in property tax each year. The median bill is $10,000+.

Riverside, IL

Effective rate
2.38%
Median tax bill
$10,000+
Median home value
$491,400
Owner-occupied homes
2,980
Rank in Cook County (1 = highest)
27 of 111

Cook County average: 1.73%

Estimated Yearly Tax by Home Value

At Riverside's typical rate of 2.38%. Exemptions lower the real bill.

Home valueProperty tax (estimate)
$250,000$5,939
$350,000$8,315
$450,000$10,691
$600,000$14,254
$800,000$19,005

Can You Deduct It?

A family with a $491,400 home in Riverside pays about $11,674 in property tax. With $120,000 of income they also pay about $5,940 in Illinois income tax, so their SALT deduction is $17,614 — 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
North RiversideCook1.81%$6,049
LyonsCook2.16%$6,016
BerwynCook2.25%$6,805
BrookfieldCook2.41%$8,049
StickneyCook2.23%$6,077
Forest ParkCook2.12%$6,481

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 Riverside, IL?

Homeowners in Riverside pay a typical effective property tax rate of 2.38% of home value per year. The median annual bill is $10,000+ and the median home value is $491,400 (U.S. Census ACS 2020–2024).

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

About $9,503 per year at Riverside's typical rate of 2.38%. The homeowner exemption and other exemptions lower the actual bill.

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

Riverside's typical rate of 2.38% is higher than the Cook County average of 1.73%.

Can I deduct property taxes paid in Riverside 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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