Chicago suburbs  ·  2020–2024 Census data

Shorewood Property Tax
Rate & Typical Bill

Homeowners in Shorewood, Will County, pay about 2.16% of their home's value in property tax each year. The median bill is $7,463.

Shorewood, IL

Effective rate
2.16%
Median tax bill
$7,463
Median home value
$337,800
Owner-occupied homes
6,632
Rank in Will County (1 = highest)
13 of 27

Will County average: 2.10%

Estimated Yearly Tax by Home Value

At Shorewood's typical rate of 2.16%. Exemptions lower the real bill.

Home valueProperty tax (estimate)
$250,000$5,405
$350,000$7,566
$450,000$9,728
$600,000$12,971
$800,000$17,295

Can You Deduct It?

A family with a $337,800 home in Shorewood pays about $7,303 in property tax. With $120,000 of income they also pay about $5,940 in Illinois income tax, so their SALT deduction is $13,243 — 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
JolietWill2.04%$5,694
Crystal LawnsWill1.80%$4,710
Crest HillWill2.01%$4,663
Preston HeightsWill1.65%$1,949
PlainfieldWill2.14%$9,490
ElwoodWill1.94%$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.

Property Tax FAQ

What is the property tax rate in Shorewood, IL?

Homeowners in Shorewood pay a typical effective property tax rate of 2.16% of home value per year. The median annual bill is $7,463 and the median home value is $337,800 (U.S. Census ACS 2020–2024).

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

About $8,647 per year at Shorewood's typical rate of 2.16%. The homeowner exemption and other exemptions lower the actual bill.

Is property tax in Shorewood higher than the Will County average?

Shorewood's typical rate of 2.16% is higher than the Will County average of 2.10%.

Can I deduct property taxes paid in Shorewood 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

We check whether you should itemize, claim every Illinois credit and file on time — in English, Russian or Ukrainian.