Property Tax Guide for Buyers in Cook & DuPage County

Property Tax Guide for Buyers in Cook & DuPage County

When you're buying a home, it's easy to focus on list price — but property taxes can have just as big of an impact on your monthly payment and long-term costs. In Illinois, property taxes are among the highest in the country, but rates can vary significantly depending on where you buy.

If you're shopping in the Chicagoland area or surrounding suburbs, here’s what you need to know about estimated property tax costs in some of the most popular neighborhoods.

Average Property Tax Rates by Area

(Based on recent median values and local rates — always confirm with your lender or local assessor)

Cook County Suburbs:

• Elmwood Park – ~2.25% | $6,300/year

• River Grove – ~2.20% | $5,100/year

• Schiller Park – ~2.16% | $4,700/year

• Franklin Park – ~2.30% | $5,400/year

• Melrose Park – ~2.39% | $4,500/year

• River Forest – ~2.92% | $13,700/year

• Oak Park – ~3.39% | $10,400/year

• Dunning (Chicago) – ~2.25% | Variable depending on lot size and home value

DuPage County Suburbs:

• Elmhurst – ~1.94% | $3,200–$9,000+/year depending on neighborhood

• Addison – ~2.27% | $5,300/year

• Wood Dale – ~2.31% | $5,600/year

• Bensenville – ~2.74% | $6,100/year

• Itasca – ~2.22% | $7,100/year

• Bloomingdale – ~2.35% | $5,500/year

Lake, Cook, and DuPage County Surroundings:

• Varies widely by town and school district. Expect 2.5%–3.5% on average.

Why These Rates Matter

High property taxes can reduce your buying power or make one town more attractive than another, even with similar home prices. It’s also important to understand how school funding, municipal budgets, and exemptions (like homeowner, senior, or veteran exemptions) may impact your specific bill.

Thinking of Buying or Selling in These Areas?

Whether you’re evaluating affordability or considering a move, having a local expert help you break down property taxes, neighborhood value trends, and hidden costs can save you thousands.

Let’s Talk About Your Market

Have questions about property taxes or pricing in your neighborhood? I can walk you through what to expect based on your exact situation.

Frank Campobasso
Century 21 Circle
Call or Text: 773-425-6265
View My Reviews: https://profile.realsatisfied.com/Frank-Campobasso

ABOUT FRANK CAMPOBASSO

With over 20 years of industry experience, Frank Campobasso is a seasoned real estate expert known for marketing single-family homes, townhomes, condos, multi-unit buildings, and investment properties. He is also a highly successful buyer’s agent, known for helping clients navigate competitive markets and secure the right home at the right price. Dedicated to achieving outstanding results, Frank prioritizes customer satisfaction, ensuring that his clients’ homes sell quickly and for top dollar. His expertise in pricing, preparing, and showcasing listings has earned him recognition in leading real estate magazines, newspaper articles, and radio programs.