How much are property taxes in Prospect Heights, IL?
Homeowners in Prospect Heights, IL pay a median of $7,289 (±$1,090) a year in real estate taxes (2020–2024 American Community Survey, table B25103).
Homes with a mortgage pay a median of $8,869.
Homes without a mortgage pay a median of $5,880.
That is about 2.1% of the median home value of $346,500.
In Prospect Heights, the median real estate tax went from $6,479 in 2015–2019 to $7,289 in 2020–2024 (+12.5%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Figures last updated on .
- Median real estate taxes
- $7,289 (±$1,090)
- With a mortgage
- $8,869
- Without a mortgage
- $5,880
- Share of median value
- 2.1%
Real estate taxes in Prospect Heights against Cook County, its state and the nation
| Prospect Heights | Cook County | Illinois | United States | |
|---|---|---|---|---|
| Median real estate taxes | $7,289 (±$1,090) | $6,191 (±$30) | $5,298 (±$22) | $3,119 |
| Homes with a mortgage | $8,869 (±$952) | $6,502 (±$41) | $5,833 (±$28) | $3,489 |
| Homes without a mortgage | $5,880 (±$1,527) | $5,638 (±$66) | $4,463 (±$30) | $2,576 |
| Median home value | $346,500 (±$36,356) | $324,500 (±$1,460) | $263,300 (±$797) | $332,700 |
In Prospect Heights, the median real estate tax is higher than in Cook County ($6,191).
It is also higher than in Illinois ($5,298).
It is higher than the national figure ($3,119).
In Cook County, Prospect Heights ranks 52 of 147 places with a published estimate, from highest to lowest median real estate taxes.
Statewide, it ranks 210 of 2,625.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
Taxes as a share of home value in Prospect Heights
The median tax ($7,289) is 2.1% of the median home value ($346,500).
Across Cook County the same ratio is 1.9%.
Across Illinois it is 2.0%.
This is a ratio of two medians, a rough effective rate: not the tax rate or mill rate the town, county or school district sets, and not any one home’s bill.
Owners report what they paid and what they think their home is worth; the assessor’s office publishes the actual rates and assessments.
How property taxes in Prospect Heights have changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median real estate taxes | $6,479 (±$685) | $7,289 (±$1,090) | +12.5% | No measurable change after inflation |
| Median home value | $284,300 (±$23,663) | $346,500 (±$36,356) | +21.9% | No measurable change after inflation |
| Median owner cost with a mortgage | $1,977 (±$205) | $2,506 (±$247) | +26.8% | No measurable change after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median real estate taxes in places near Prospect Heights
| Place | Distance | Median real estate taxes | Compared with this place |
|---|---|---|---|
| Prospect Heights | — | $7,289 (±$1,090) | — |
| Wheeling Township | 0.9 mi | $8,190 (±$168) | Not measurably different |
| Wheeling | 1.8 mi | $6,029 (±$457) | Lower |
| Arlington Heights | 2.7 mi | $8,759 (±$196) | Higher |
| Mount Prospect | 2.8 mi | $8,425 (±$207) | Higher |
| Buffalo Grove | 4.6 mi | $10,000 or more | — |
| Northfield Township | 4.8 mi | $10,000 or more | — |
| Des Plaines | 5.0 mi | $6,344 (±$153) | Not measurably different |
| Riverwoods | 5.1 mi | $10,000 or more | — |
Nearby places with a measurably lower figure: Wheeling, IL ($6,029).
Nearby places with a measurably higher figure: Arlington Heights, IL ($8,759), Mount Prospect, IL ($8,425).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median real estate taxes across Cook County, place by place
| Rank | Place | Median real estate taxes |
|---|---|---|
| 46 | Lyons Township | $7,541 (±$270) |
| 47 | Orland Park | $7,524 (±$302) |
| 48 | Tinley Park | $7,455 (±$258) |
| 49 | Rosemont | $7,384 (±$1,859) |
| 50 | Orland Township | $7,350 (±$208) |
| 51 | Maine Township (Cook County) | $7,303 (±$176) |
| 52 | Prospect Heights | $7,289 (±$1,090) |
| 53 | Elmwood Park | $7,029 (±$415) |
| 54 | Lynwood | $6,966 (±$1,049) |
| 55 | Countryside | $6,887 (±$632) |
| 56 | Rich Township | $6,874 (±$311) |
| 57 | Schaumburg Township | $6,847 (±$168) |
| 58 | Matteson | $6,829 (±$533) |
Showing 13 of 147 places in Cook County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
What you can do on Seayora in Prospect Heights
One account for renting, owning, managing and fixing homes, with these figures beside you.
Own or manage a rental?
List it, sign the lease and collect rent online, with the figures for Prospect Heights beside you.
Create a landlord account · See what landlords get
Looking for a place to rent?
Browse homes for rent near Prospect Heights, save the ones you like and apply online.
Browse rentals · Create a renter account
Do repairs, renovations or maintenance?
Get found by owners and renters near Prospect Heights, and send estimates and invoices from your phone.
Questions about Prospect Heights
How much are property taxes in Prospect Heights?
The median real estate tax paid by homeowners in Prospect Heights, IL is $7,289 (±$1,090) a year (2020–2024 American Community Survey).
What is the property tax rate in Prospect Heights?
The Census Bureau does not publish tax rates; as a rough guide, the median tax paid is 2.1% of the median home value in Prospect Heights, and the actual rate is set by the town, county and school district.
Have property taxes in Prospect Heights gone up?
In Prospect Heights, the median real estate tax went from $6,479 in 2015–2019 to $7,289 in 2020–2024 (+12.5%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Are property taxes in Prospect Heights higher than in Cook County?
In Prospect Heights, the median real estate tax is higher than in Cook County ($6,191).
It is also higher than in Illinois ($5,298).
It is higher than the national figure ($3,119).
Sources
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Prospect Heights city, Illinois
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Prospect Heights city, Illinois
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2015–2019 ACS 5-year estimates — Prospect Heights city, Illinois
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Prospect Heights city, Illinois
- Median Selected Monthly Owner Costs (B25088), 2015–2019 ACS 5-year estimates — Prospect Heights city, Illinois
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Prospect Heights city, Illinois (place:62016, in state:17).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B25103_001E, B25103_001M, B25077_001E, B25077_001M, B25088_002E, B25088_002M from the 2019 release.
The API needs a free key.
B25103_001E, B25103_001M, B25103_002E, B25103_002M, B25103_003E, B25103_003M, DP04_0089E, DP04_0089M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
- Housing in Prospect Heights at a glance
- Median rent in Prospect Heights
- Rent by bedrooms in Prospect Heights
- Rent burden in Prospect Heights
- Renters and owners in Prospect Heights
- Income and affordability in Prospect Heights
- Home values in Prospect Heights
- Homeowner costs in Prospect Heights
- Types of homes in Prospect Heights
- Bedrooms in Prospect Heights
- Age of homes in Prospect Heights
- Vacancy rate in Prospect Heights
- Heating fuel in Prospect Heights
- Commute and cars in Prospect Heights
- Crime reported to police in Prospect Heights
- Population growth in Prospect Heights
- How long people stay in Prospect Heights
- Crowding and facilities in Prospect Heights
- Fair Market Rent in Prospect Heights
- Illinois landlord and tenant rules
- Housing across Cook County
- Illinois places ranked by property taxes
- Housing data for every place in Illinois