What is the property tax rate in Illinois?

The effective rate on owner-occupied homes is 1.88% of market value, from the Lincoln Institute 50-State Property Tax Comparison Study and Tax Foundation data for tax year 2023. Your county and city set the actual bill.

Does Illinois have a state income tax?

Flat 4.95%. Rates are the Tax Foundation table as of January 1, 2025.

Illinois taxes at a glance

Q: What is the vehicle sales tax in Illinois?

6.25% state (local adds; Chicago area higher). Trade-in credit: Yes (used trades: credit capped at $10,000 on the trade value).

Property, income and vehicle taxes side by side, plus what a typical mortgage costs here this week. Rates from the Tax Foundation and Lincoln Institute; mortgage rate from Freddie Mac via FRED.

Property tax

1.88%

effective rate on owner-occupied homes, 2023 · rank 2 of 50 (1 = highest)

On a $400,000 home that is about $7,520 a year, or $627 a month in escrow.

Income tax

4.95%

Flat 4.95% · 2025

On $75,000 of taxable income a flat 4.95% is about $3,712 a year.

What a $400,000 home costs here this week 20% down, 30-year fixed at 7.32% (Freddie Mac, 2026-10-22)

$2,198principal & interest

$627property tax (escrow)

$2,825before insurance & HOA

7.54%60-month new-car loan (banks, 2026-08)

Mortgage calculator Rent vs buy Car payment

Vehicle sales tax

6.25% state (local adds; Chicago area higher) · trade-in credit: Yes (used trades: credit capped at $10,000 on the trade value). Full table with doc-fee caps: car sales tax by state.

Sources: property tax: Lincoln Institute of Land Policy 50-State Property Tax Comparison Study and Tax Foundation, tax year 2023. Income tax: Tax Foundation, State Individual Income Tax Rates and Brackets, 2025. Vehicle sales tax: state revenue departments (see the table). Mortgage rate: Freddie Mac PMMS via FRED MORTGAGE30US, 2026-10-22. Local rates, exemptions (homestead, senior, veteran) and county add-ons change the real bill.

Other states

AL · AK · AZ · AR · CA · CO · CT · DE · DC · FL · GA · HI · ID · IL · IN · IA · KS · KY · LA · ME · MD · MA · MI · MN · MS · MO · MT · NE · NV · NH · NJ · NM · NY · NC · ND · OH · OK · OR · PA · RI · SC · SD · TN · TX · UT · VT · VA · WA · WV · WI · WY