Annual Tax
$2,538
Effective Rate
Monthly Tax
$212
Assessed Value
$51,002
Taxable Value
$45,002
Summary
A $153,020 home in Illinois has an estimated annual property tax of $2,538 (1.88% effective rate), with homestead exemption applied.
Illinois's 1.88% effective property tax rate ranks #1 nationally (1 = highest).
Illinois offers a $6,000 homestead exemption off assessed value. This saves you approximately $338/year.
Illinois assesses property at 33.3% of market value.
Your estimated monthly property tax is $212.
Property Tax Calculation Breakdown
7 rows
| Step | Amount |
|---|---|
| Home Market Value | $153,020 |
| × Assessment Ratio (33.3%) | $51,002 |
| − Homestead Exemption | −$6,000 |
| = Taxable Value | $45,002 |
| × Tax Rate (5.6406%) | |
| = Annual Property Tax | $2,538 |
| ÷ 12 = Monthly Tax | $212 |
Property tax rates are statewide average effective rates based on 2025 data from the Tax Foundation and ACS. Actual taxes vary significantly by county, city, and school district. Contact your local assessor for exact figures. Not tax advice.