Chicago suburbs  ·  2020–2024 Census data

Wadsworth Property Tax
Rate & Typical Bill

Homeowners in Wadsworth, Lake County, pay about 1.26% of their home's value in property tax each year. The median bill is $9,233.

Wadsworth, IL

Effective rate
1.26%
Median tax bill
$9,233
Median home value
$378,900
Owner-occupied homes
1,184
Rank in Lake County (1 = highest)
46 of 47

Lake County average: 2.26%

Estimated Yearly Tax by Home Value

At Wadsworth's typical rate of 1.26%. Exemptions lower the real bill.

Home valueProperty tax (estimate)
$250,000$3,152
$350,000$4,413
$450,000$5,673
$600,000$7,565
$800,000$10,086

Can You Deduct It?

A family with a $378,900 home in Wadsworth pays about $4,777 in property tax. With $120,000 of income they also pay about $5,940 in Illinois income tax, so their SALT deduction is $10,717 — 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
ZionLake3.01%$6,120
Winthrop HarborLake2.75%$7,419
Beach ParkLake1.50%$6,445
WaukeganLake2.43%$4,759
GurneeLake2.39%$8,491
Grandwood ParkLake2.96%$9,729

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 Wadsworth, IL?

Homeowners in Wadsworth pay a typical effective property tax rate of 1.26% of home value per year. The median annual bill is $9,233 and the median home value is $378,900 (U.S. Census ACS 2020–2024).

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

About $5,043 per year at Wadsworth's typical rate of 1.26%. The homeowner exemption and other exemptions lower the actual bill.

Is property tax in Wadsworth higher than the Lake County average?

Wadsworth's typical rate of 1.26% is lower than the Lake County average of 2.26%.

Can I deduct property taxes paid in Wadsworth 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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