Will County, Illinois property tax
The median homeowner in Will County, Illinois pays $6,993 a year in property tax on a home worth $298,000, an effective rate of 2.35%. The national effective rate is 0.98%.
What the rate means here
At 2.35%, Will County taxes property more heavily than the country as a whole, which sits at 0.98%. A high rate applied to a home worth $298,000 is what makes the bill $6,993. Counties in this position usually fund schools locally and have little commercial or industrial base to spread the burden across.
It ranks #8 of 97 Illinois counties by effective rate, against a statewide 2.07%, and #36 nationally. The state runs from 2.68% in Lake County down to 0.82% in Pulaski County.
The median home costs 2.76 times the median household income of $107,799, against 3.86 nationally, which is a comfortable ratio by American standards. 82.52% of occupied homes are owned rather than rented, and cheap housing relative to income is usually why. At 698,450 residents the county is large enough that its median blends several distinct housing markets.
The rate is derived rather than quoted. How and why.
What that costs at different home values
Arithmetic at the county effective rate, before any exemption or assessment cap.
Housing and income
| Will County | Illinois | United States | |
|---|---|---|---|
| Effective property tax | 2.35% | 2.07% | 0.98% |
| Median tax bill | $6,993 | $5,189 | $2,969 |
| Median home value | $298,000 | $250,500 | $303,400 |
| Median gross rent | $1,413 | $1,227 | $1,348 |
| Median household income | $107,799 | $81,702 | $78,538 |
| Home price to income | 2.76× | 3.07× | 3.86× |
| Rent as share of income | 15.73% | 18.02% | 20.6% |
| Owner-occupied | 82.52% | 66.84% | 65.02% |
Source: U.S. Census Bureau, American Community Survey 2023 five-year estimates. Population 698,450.
Nearby counties of similar size
| County | Rate | Median bill | Home value |
|---|---|---|---|
| Lake County | 2.68% | $8,743 | $326,600 |
| Kane County | 2.39% | $7,230 | $303,000 |
| DuPage County | 2.09% | $7,833 | $374,100 |
| McHenry County | 2.49% | $7,153 | $286,900 |
| Winnebago County | 2.48% | $3,850 | $155,100 |
Will County property tax: common questions
What is the property tax rate in Will County, Illinois?
The effective rate is 2.35% of home value, from a median tax bill of $6,993 against a median home value of $298,000. That is 1.37 points above the national 0.98%.
How much is property tax on a $400,000 home in Will County?
Roughly $9,400 a year at the county effective rate of 2.35%.
Is Will County expensive compared with the rest of Illinois?
It ranks #8 of 97 Illinois counties by effective property tax rate, and #36 of 2,826 nationally. That is 0.28 points above the Illinois average of 2.07%.
What does housing cost in Will County?
The median home is worth $298,000 and median gross rent is $1,413 a month. Median household income is $107,799, which puts the home at 2.76 times annual income and rent at 15.73% of it.