Chicago suburbs  ·  2020–2024 Census data

Schaumburg Property Tax
Rate & Typical Bill

Homeowners in Schaumburg, Cook County, pay about 1.93% of their home's value in property tax each year. The median bill is $6,617.

Schaumburg, IL

Effective rate
1.93%
Median tax bill
$6,617
Median home value
$330,400
Owner-occupied homes
19,926
Rank in Cook County (1 = highest)
71 of 111

Cook County average: 1.73%

Estimated Yearly Tax by Home Value

At Schaumburg's typical rate of 1.93%. Exemptions lower the real bill.

Home valueProperty tax (estimate)
$250,000$4,821
$350,000$6,750
$450,000$8,678
$600,000$11,571
$800,000$15,428

Can You Deduct It?

A family with a $330,400 home in Schaumburg pays about $6,372 in property tax. With $120,000 of income they also pay about $5,940 in Illinois income tax, so their SALT deduction is $12,312 — 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
RoselleDuPage2.06%$7,008
Hoffman EstatesCook2.15%$8,096
Rolling MeadowsCook2.18%$6,636
Hanover ParkDuPage2.06%$6,294
StreamwoodCook2.17%$6,040
ItascaDuPage2.00%$8,071

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 Schaumburg, IL?

Homeowners in Schaumburg pay a typical effective property tax rate of 1.93% of home value per year. The median annual bill is $6,617 and the median home value is $330,400 (U.S. Census ACS 2020–2024).

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

About $7,714 per year at Schaumburg's typical rate of 1.93%. The homeowner exemption and other exemptions lower the actual bill.

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

Schaumburg's typical rate of 1.93% is higher than the Cook County average of 1.73%.

Can I deduct property taxes paid in Schaumburg 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.

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