How Much Are Property Taxes in Illinois?

How Much Are Property Taxes in Illinois?

How Much Are Property Taxes in Illinois?

Illinois has one of the highest average property tax rates in the country, according to Tax-Rates.org. The exact property tax depends on the county in which the property is located. However, the median property tax rate is $3,507 per a year for a home worth the median value of $202,200.

Each year, Illinois counties collect an average of 1.73 percent of a property’s market value as property tax, explains Tax-Rates.org. Property located in Lake County has the highest property tax in the state, with an average of $6,285 yearly, while Hardin County has the lowest, with an average of $447 per year.