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Streamwood, Cook County, Illinois Property Taxes

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Property Taxes in Streamwood, Illinois

  • Median Streamwood, Illinois effective property tax rate: 2.67%, significantly higher than the national median of 1.02%, and higher than the Illinois state median of 2.33%.

  • Median Streamwood, Illinois home value: $230,000

  • Median annual Streamwood, Illinois tax bill: $6,091, $3,691 higher than the national median property tax bill of $2,400.

How are property taxes in Cook calculated?

Property taxes in Streamwood, 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 Streamwood's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Streamwood, knowing local tax details benefits homeowners and investors.

Last Updated April 13, 2026

Streamwood, Cook County, Illinois Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.67%

Estimate Property Tax Bill

$6,141

$5,699

SAVE WITH OWNWELL

$774

Average Annual Tax Savings

How Does the Streamwood Property Tax Calculator Work?

Use this Streamwood property tax calculator to estimate your annual tax bill. Enter your property's assessed value and our calculator applies Streamwood's median effective tax rate of 2.67% — based on actual property records in Cook County — to generate your estimate.

Enter your property's estimated assessed value — the figure the local assessor uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Streamwood'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 Streamwood: rates range from 2.67% in 60107 to 2.67% in 60107, primarily due to differences in school district levies and local assessment districts. Streamwood's median property tax bill is $6,091, compared with the national median property tax bill of $2,400.

If your estimate is higher than expected, Ownwell can appeal your Streamwood assessment — you only pay if we save you money.

About Streamwood Property Taxes

About Property Taxes in Streamwood, Cook, Illinois

Streamwood’s median effective property tax rate of 2.67% is higher than the Illinois state median of 2.33% and higher than the national median of 1.02%. This rate reflects the Cook County base levy combined with local school district levies and special service areas (SSAs) that vary by subdivision throughout the city.

Property tax rates are not uniform across Streamwood. Homeowners in the 60107 ZIP code carry a median effective rate of 2.67%, while those in the lowest ZIP also pay 2.67%. This spread is 0 percentage points across the same city, reflecting how school district boundaries and local assessment districts are drawn across Cook County. Understanding which part of Streamwood you live in can make a meaningful difference to your annual tax bill.

Streamwood homeowners who believe their assessed value is too high can file a formal appeal with the local Assessor’s Office before the deadline each year.

If your estimated bill above 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 Streamwood, 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 Streamwood's effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S.

Property Tax Rates Across Streamwood, Cook County, Illinois

Source: Ownwell

1.11%

5.02%

8.93%

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 Streamwood Tax Rate

2.67%

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%

Property Tax Rates Across Streamwood, Cook County, Illinois

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
601072.19%2.51%2.67%3.08%3.08%

Source: Ownwell

Property Tax Assessment Values Across Streamwood, Cook County, Illinois

When examining property taxes in Streamwood, 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. Cook County 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 are sent in the spring each year and typically reach your mailbox by the middle of the month. Each property owner receives a notice with both values and an estimate of the property tax bill. The median home price in Streamwood is $230,000, and the median tax bill is $6,091. The highest median home price is in 60107 at $230,000.

Property Tax Assessment Values Across Streamwood, Cook County, Illinois

Source: Ownwell

$28,470

$625,355

$1,222,240

Median Streamwood Market Value

$230,000

Median Cook County Market Value

$248,820

Median Illinois Market Value

$227,888

Median United States Market Value

$235,294

Property Tax Assessment Values Across Streamwood, Cook County, Illinois

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
60107$166,720$200,000$230,000$270,000$310,010

Source: Ownwell

Property Tax Bills Across Streamwood, Cook County, Illinois

Property tax bills in Streamwood are calculated by applying the local tax rate to a home’s assessed value, which is based on the market value of the property. The bill is then shaped by taxing district budgets and any exemptions a homeowner qualifies for. For a home with a $230,000 median price, that assessment can translate into a substantial annual bill, especially in a county where the median property tax bill is $6,091 in ZIP code 60107. That is well above the $2,400 national median property tax bill and the 1.02% national median property tax rate.

What homeowners pay can vary widely, with bills ranging from $4,992 at the 25th percentile to $7,392 at the 75th percentile and $8,803 at the 90th percentile. If your assessed value is too high, you may be paying more than necessary. Ownwell helps homeowners challenge inaccurate assessments and identify exemptions that can lower their property tax bills, potentially saving money year after year.

Property Tax Bills Across Streamwood, Cook County, Illinois

Source: Ownwell

$634

$15,281

$29,928

Median Streamwood Tax Bill

$6,091

Median Cook County Tax Bill

$5,588

Median Illinois Tax Bill

$5,277

Median United States Tax Bill

$2,400

Property Tax Bills Across Streamwood, Cook County, Illinois

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
60107$3,668$4,992$6,091$7,392$8,803

Source: Ownwell

Don't miss the deadline to appeal!

Frequently Asked Property Tax Questions in Streamwood, Illinois

How are property taxes calculated in Streamwood, Illinois?
Property taxes in Streamwood, Illinois are calculated by multiplying your property's assessed value by the applicable tax rate set by local taxing authorities. The assessed value is determined by the county assessor and may differ from your property's market value depending on local assessment ratios and exemptions.
How do I appeal my property taxes in Streamwood, Illinois?
To appeal your property taxes in Streamwood, Illinois, you typically need to file a formal protest or appeal with your local appraisal district or assessor's office by the stated deadline. You'll need evidence such as comparable sales, a recent independent appraisal, or documentation of property condition issues. Ownwell can handle this entire process for you.
What property tax exemptions are available in Streamwood, Illinois?
Common property tax exemptions in Streamwood, Illinois include homestead exemptions for primary residences, senior citizen exemptions, veteran exemptions, and disability exemptions. Exemption amounts and eligibility requirements vary by county. Contact your local appraisal district or check Ownwell for details specific to your property.
When are property taxes due in Streamwood, Illinois?
Property tax deadlines in Streamwood, Illinois vary by county but typically include an assessment notice period in spring or early summer, followed by an appeal deadline, and a tax payment due date in the fall or winter. Check with your county assessor's office for specific dates in your area.
How can Ownwell help reduce my property taxes in Streamwood, Illinois?
Ownwell provides professional property tax appeal services in Streamwood, Illinois. Our team analyzes your assessment, gathers evidence, files all paperwork, and represents you at hearings — all with no upfront cost. You only pay a percentage of your savings if we successfully lower your tax bill.