Chicago suburbs  ·  2020–2024 Census data

Streamwood Property Tax
Rate & Typical Bill

Homeowners in Streamwood, Cook County, pay about 2.17% of their home's value in property tax each year. The median bill is $6,040.

Streamwood, IL

Effective rate
2.17%
Median tax bill
$6,040
Median home value
$271,200
Owner-occupied homes
11,622
Rank in Cook County (1 = highest)
40 of 111

Cook County average: 1.73%

Estimated Yearly Tax by Home Value

At Streamwood's typical rate of 2.17%. Exemptions lower the real bill.

Home valueProperty tax (estimate)
$250,000$5,430
$350,000$7,602
$450,000$9,774
$600,000$13,032
$800,000$17,376

Can You Deduct It?

A family with a $271,200 home in Streamwood pays about $5,890 in property tax. With $120,000 of income they also pay about $5,940 in Illinois income tax, so their SALT deduction is $11,830 — 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
BartlettDuPage2.37%$9,136
Hanover ParkDuPage2.06%$6,294
Hoffman EstatesCook2.15%$8,096
South BarringtonCook1.85%$10,000+
SchaumburgCook1.93%$6,617
RoselleDuPage2.06%$7,008

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 Streamwood, IL?

Homeowners in Streamwood pay a typical effective property tax rate of 2.17% of home value per year. The median annual bill is $6,040 and the median home value is $271,200 (U.S. Census ACS 2020–2024).

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

About $8,688 per year at Streamwood's typical rate of 2.17%. The homeowner exemption and other exemptions lower the actual bill.

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

Streamwood's typical rate of 2.17% is higher than the Cook County average of 1.73%.

Can I deduct property taxes paid in Streamwood 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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