Schaumburg, Cook County, Illinois Property Taxes
Property Taxes in Schaumburg, Illinois
Median Schaumburg, Illinois effective property tax rate: 2.49%, significantly higher than the national median of 1.02%, and higher than the Illinois state median of 2.33%.
Median Schaumburg, Illinois home value: $257,010
Median annual Schaumburg, Illinois tax bill: $6,074, $3,674 higher than the national median property tax bill of $2,400.
How are property taxes in Cook calculated?
Property taxes in Schaumburg, Illinois are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Schaumburg's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Schaumburg, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Schaumburg, Cook County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.49%
Estimate Property Tax Bill
$6,400
$5,939
$774
Average Annual Tax Savings
How Does the Schaumburg Property Tax Calculator Work?
Use this Schaumburg property tax calculator to estimate your annual tax bill. Enter your property's assessed value and our calculator applies Schaumburg's median effective tax rate of 2.49% — based on actual property records in Cook County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Schaumburg's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Schaumburg: rates range from $3,901 in 60195 to $6,775 in 60173, primarily due to differences in school district levies and local assessment districts. Schaumburg's median tax bill is higher than the $2,400 national median property tax bill and higher than the 2.33% Illinois median property tax rate.
If your estimate is higher than expected, Ownwell can appeal your Schaumburg assessment — you only pay if we save you money.
About Schaumburg Property Taxes
About Property Taxes in Schaumburg, Cook, Illinois
Schaumburg’s median effective property tax rate of 2.49% is higher than the Illinois state median of 2.33% and higher than the national median of 1.02%. This rate reflects Cook County levies plus local school district taxes and special service areas that can vary by subdivision throughout the village.
Property tax rates are not uniform across Schaumburg. Homeowners in the 60195 ZIP code face a median effective rate of 2.72%, while those in 60193 pay 2.48%. That spread shows how school district boundaries and local assessment districts can affect what you owe from one part of the village to another.
Schaumburg homeowners who believe their assessed value is too high can file a formal appeal with the Cook County Assessor’s Office before the deadline each year.
If your estimated bill seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Schaumburg, Cook County, Illinois
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate.
While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
Below, you can compare Schaumburg's effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S.
Our median effective property tax rate (tax bill Ă· assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Schaumburg Tax Rate
2.49%
Our median effective property tax rate (tax bill Ă· assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Cook County Tax Rate
2.14%
Median Effective Illinois Tax Rate
2.33%
Median Effective United States Tax Rate
1.02%
Schaumburg, Illinois vs Similar Illinois Cities
Our median effective property tax rate (tax bill Ă· assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Arlington Heights Tax Rate
2.52%
Our median effective property tax rate (tax bill Ă· assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Chicago Tax Rate
1.66%
Our median effective property tax rate (tax bill Ă· assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Cicero Tax Rate
2.83%
Our median effective property tax rate (tax bill Ă· assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Evanston Tax Rate
2.28%
Property Tax Rates Across Schaumburg, Cook County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60173 | 1.96% | 2.33% | 2.61% | 2.80% | 2.81% |
| 60193 | 1.86% | 2.28% | 2.48% | 2.80% | 2.80% |
| 60194 | 1.96% | 2.29% | 2.48% | 2.80% | 2.80% |
| 60195 | 2.04% | 2.29% | 2.72% | 2.80% | 2.80% |
| 60159 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
$774
Average Annual Tax Savings
Save on Your Property Taxes and More With Ownwell
Property Tax Assessment Values Across Schaumburg, Cook County, Illinois
When examining property taxes in Schaumburg, Illinois, understanding the distinction between "market value" and "assessed value" is crucial.
The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Cook County appraisal district estimates the market value for tax purposes.
The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
Assessment notices:
In Cook County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of May.
Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Schaumburg.
For example, the median home price in Schaumburg is $257,010, with tax bills ranging significantly across the county. 60173 has the highest median home price at $274,970.
Property Tax Assessment Values Across Schaumburg, Cook County, Illinois
Source: Ownwell
$28,470
$625,355
$1,222,240
Median Schaumburg Market Value
$257,010
Median Cook County Market Value
$248,820
Median Illinois Market Value
$227,888
Median United States Market Value
$235,294
Schaumburg, Illinois vs Similar Illinois Cities
Our median effective property tax rate (tax bill Ă· assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Arlington Heights Market Value
$340,010
Our median effective property tax rate (tax bill Ă· assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Chicago Market Value
$240,000
Our median effective property tax rate (tax bill Ă· assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Cicero Market Value
$200,000
Our median effective property tax rate (tax bill Ă· assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Evanston Market Value
$345,300
Property Tax Assessment Values Across Schaumburg, Cook County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60173 | $115,180 | $145,730 | $274,970 | $480,038 | $580,000 |
| 60193 | $154,890 | $188,060 | $270,000 | $340,010 | $410,000 |
| 60194 | $157,160 | $182,650 | $223,020 | $325,000 | $376,648 |
| 60195 | $109,410 | $123,320 | $161,590 | $328,890 | $390,000 |
| 60159 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
$774
Average Annual Tax Savings
Save on Your Property Taxes and More With Ownwell
Property Tax Bills Across Schaumburg, Cook County, Illinois
Property tax bills in Schaumburg are based on the assessed value of a home, local tax rates, and the budgets set by taxing bodies in Cook County. When a home’s assessed value rises, the tax bill can increase, even if the homeowner’s income does not. With a median home price of $257,010, homeowners in Schaumburg often face bills well above the national median property tax bill of $2,400.
The typical tax bill can vary widely across the city, with the 25th percentile at $4,287 and the 75th percentile at $8,595. In the highest-tax ZIP code, the median bill reaches $6,775, while the lowest is $3,901. These differences show how much location and assessment details can affect what homeowners pay.
Ownwell helps homeowners review their assessments, identify savings opportunities, and appeal unfair property tax bills. By challenging an inflated assessed value, Ownwell can help reduce what you owe and keep more money in your pocket.
Median Schaumburg Tax Bill
$6,074
Median Cook County Tax Bill
$5,588
Median Illinois Tax Bill
$5,277
Median United States Tax Bill
$2,400
Schaumburg, Illinois vs Similar Illinois Cities
Our median effective property tax rate (tax bill Ă· assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Arlington Heights Tax Bill
$8,400
Our median effective property tax rate (tax bill Ă· assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Chicago Tax Bill
$3,796
Our median effective property tax rate (tax bill Ă· assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Cicero Tax Bill
$5,644
Our median effective property tax rate (tax bill Ă· assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Evanston Tax Bill
$7,604
Property Tax Bills Across Schaumburg, Cook County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60173 | $2,722 | $3,759 | $6,775 | $12,517 | $15,403 |
| 60193 | $3,046 | $4,339 | $6,354 | $8,595 | $10,373 |
| 60194 | $3,387 | $4,379 | $5,683 | $8,035 | $9,712 |
| 60195 | $2,576 | $3,064 | $3,901 | $7,727 | $9,996 |
| 60159 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
$774
Average Annual Tax Savings
Save on Your Property Taxes and More With Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Tax Bill | |
| Issued | February 1 |
| Due Date #1 | March 1 |
| Due Date #2 | August 1 |
Links | |
|---|---|
| Cook Assessor’s Office | |
| Phone | (312) 443-7550 |
| Website | assessorpropertydetails.cookcountyil.gov |