Chicago suburbs  ·  2020–2024 Census data

Wheeling Property Tax
Rate & Typical Bill

Homeowners in Wheeling, Cook County, pay about 2.14% of their home's value in property tax each year. The median bill is $6,029.

Wheeling, IL

Effective rate
2.14%
Median tax bill
$6,029
Median home value
$266,200
Owner-occupied homes
9,508
Rank in Cook County (1 = highest)
46 of 111

Cook County average: 1.73%

Estimated Yearly Tax by Home Value

At Wheeling's typical rate of 2.14%. Exemptions lower the real bill.

Home valueProperty tax (estimate)
$250,000$5,361
$350,000$7,505
$450,000$9,649
$600,000$12,866
$800,000$17,154

Can You Deduct It?

A family with a $266,200 home in Wheeling pays about $5,708 in property tax. With $120,000 of income they also pay about $5,940 in Illinois income tax, so their SALT deduction is $11,648 — 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
Prospect HeightsCook2.12%$7,289
RiverwoodsLake2.15%$10,000+
Buffalo GroveLake2.56%$10,000+
Arlington HeightsCook1.98%$8,759
DeerfieldLake2.47%$10,000+
LincolnshireLake2.38%$10,000+

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 Wheeling, IL?

Homeowners in Wheeling pay a typical effective property tax rate of 2.14% of home value per year. The median annual bill is $6,029 and the median home value is $266,200 (U.S. Census ACS 2020–2024).

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

About $8,577 per year at Wheeling's typical rate of 2.14%. The homeowner exemption and other exemptions lower the actual bill.

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

Wheeling's typical rate of 2.14% is higher than the Cook County average of 1.73%.

Can I deduct property taxes paid in Wheeling 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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