2026 federal, state and local taxes
Estimate your 2026 Illinois property tax. At the state's 2.08% average rate, a $265,000 home pays about $5,512 a year.
| Home Value | IL Effective Rate | Annual Property Tax | Monthly Escrow | At the U.S. Average (0.90%) |
|---|---|---|---|---|
| $250,000 | 2.08% | $5,200 | $433 | $2,250 |
| $350,000 | 2.08% | $7,280 | $607 | $3,150 |
| $500,000 | 2.08% | $10,400 | $867 | $4,500 |
| $650,000 | 2.08% | $13,520 | $1,127 | $5,850 |
| $800,000 | 2.08% | $16,640 | $1,387 | $7,200 |
| $1,000,000 | 2.08% | $20,800 | $1,733 | $9,000 |
| State | Average Rate | Typical Home | Bill on Typical Home | Bill on $350,000 |
|---|---|---|---|---|
| Illinois | 2.08% | $265,000 | $5,512 | $7,280 |
| Wisconsin | 1.51% | $295,000 | $4,455 | $5,285 |
| Iowa | 1.43% | $215,000 | $3,075 | $5,005 |
| Missouri | 0.88% | $250,000 | $2,200 | $3,080 |
| Indiana | 0.77% | $240,000 | $1,848 | $2,695 |
| Kentucky | 0.77% | $210,000 | $1,617 | $2,695 |
Statewide average effective rates; local rates vary a lot within each state.
Pick a state to see its 2026 tax rules and results for common salaries or home values.
Illinois's average effective property tax rate is 2.08% of a home's value each year, the highest in the country. On the state's typical home, worth about $265,000, that comes to roughly $5,512 a year, or $459 a month in escrow.
Because home prices differ so much, the yearly bill ranks differently from the rate: Illinois's bill on a typical home is the 9th largest of 51 (50 states and D.C.). On a $350,000 home it would be about $7,280.
Of Illinois's neighbors, Indiana (0.77%), Kentucky (0.77%), Missouri (0.88%), Iowa (1.43%) and Wisconsin (1.51%) have a lower average rate; the table below lists them all.
These are Illinois averages; your county, city and school district set the actual bill.
About $6,240 a year ($520 a month) at Illinois's 2.08% average rate. A $500,000 house would pay about $10,400.
Yes. Illinois's average rate of 2.08% is the highest in the country.
Illinois's state rate is 6.25% and local add-ons average 2.73%, for a combined average of 8.98%, the 8th highest of 51 (50 states and D.C.).