Chicago suburbs  ·  2020–2024 Census data

Wilmington Property Tax
Rate & Typical Bill

Homeowners in Wilmington, Will County, pay about 1.96% of their home's value in property tax each year. The median bill is $4,423.

Wilmington, IL

Effective rate
1.96%
Median tax bill
$4,423
Median home value
$223,800
Owner-occupied homes
1,479
Rank in Will County (1 = highest)
21 of 27

Will County average: 2.10%

Estimated Yearly Tax by Home Value

At Wilmington's typical rate of 1.96%. Exemptions lower the real bill.

Home valueProperty tax (estimate)
$250,000$4,892
$350,000$6,849
$450,000$8,805
$600,000$11,741
$800,000$15,654

Can You Deduct It?

A family with a $223,800 home in Wilmington pays about $4,379 in property tax. With $120,000 of income they also pay about $5,940 in Illinois income tax, so their SALT deduction is $10,319 — 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
BraidwoodWill1.35%$3,686
ElwoodWill1.94%$4,507
ManhattanWill2.41%$8,785
Preston HeightsWill1.65%$1,949
ShorewoodWill2.16%$7,463
JolietWill2.04%$5,694

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 Wilmington, IL?

Homeowners in Wilmington pay a typical effective property tax rate of 1.96% of home value per year. The median annual bill is $4,423 and the median home value is $223,800 (U.S. Census ACS 2020–2024).

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

About $7,827 per year at Wilmington's typical rate of 1.96%. The homeowner exemption and other exemptions lower the actual bill.

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

Wilmington's typical rate of 1.96% is lower than the Will County average of 2.10%.

Can I deduct property taxes paid in Wilmington 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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