How much does the Illinois homestead exemption save?

Illinois' general homestead exemption removes up to $10,000 of equalized assessed value (EAV) in Cook County ($6,000 elsewhere); property is assessed near 33⅓% of market. That removes about $30,303 of value, saving roughly $609 a year on the Illinois median home at the 2.01% median effective rate. Your saving scales with your local rate.

Who qualifies for the Illinois homestead exemption?

In general, you must own the home and use it as your primary residence (owner-occupied) as of the assessment date. File the homestead application with your county before the deadline. Confirm details with the Illinois Department of Revenue.

Is my data sent anywhere when I use this calculator?

No. All calculations run entirely in your browser using JavaScript. No home value, address or personal data is ever transmitted to any server.

Illinois Homestead Exemption Calculator 2025 — Property-Tax Savings

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Illinois Homestead Exemption Calculator 2025

A homestead exemption lowers the property tax on your primary residence. Illinois’s median effective property-tax rate is 2.01% of home value — on the Illinois median home ($263,700) that is about $5,298 a year (WalletHub ‘Property Taxes by State in 2026’ (U.S. Census Bureau ACS, collected 2026-01-29)).

Illinois’ general homestead exemption removes up to $10,000 of equalized assessed value (EAV) in Cook County ($6,000 elsewhere); property is assessed near 33⅓% of market. Because that removes about $30,303 of market value before the rate applies, it saves roughly $609 a year on the Illinois median home.

Enter your home value below. The estimate uses the Illinois median effective rate, so it is a starting point — your actual bill depends on your county’s millage and assessment. Senior, veteran and disability relief is additional. Everything runs in your browser; no value or personal data is transmitted.

Verify with the authority: confirm the current homestead rules and your local rate with the Illinois Department of Revenue.