Chicago is in Cook County, which has among the highest property tax rates in Illinois. Compare property tax rates, calculate your bill, and see how Chicago compares to Illinois and U.S. averages.
Effective Rate
1.98%
Median Home Value
$305,200
Median Tax Bill
$6,052
Tax on $400K Home
$7,932
Calculate Property Tax in Chicago
Enter your home value to estimate your annual property tax bill.
Chicago, Illinois has an effective property tax rate of 1.98%. This is calculated as median property taxes paid divided by median home value in Cook County, based on U.S. Census Bureau ACS 2023 data.
Chicago's effective rate of 1.98% compares to Illinois's state average of 2.12%. This is lower than the state average.
The median home value in Cook County (which includes Chicago) is $305,200, based on Census ACS 2023 data.
Property tax due dates vary by Illinois county. Cook County typically follows Illinois state guidelines. Check with the county tax collector for exact deadlines.
Property tax in Chicago is calculated by multiplying your home's assessed value by the local effective tax rate (currently 1.98%). Exemptions like homestead, senior, or veteran exemptions may reduce your taxable value.