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United States › Illinois › Will County › Frankfort

Frankfort property tax, in one number.

2.08%+effective rate, at least (tax capped at $10,000)

Half of Frankfort homeowners pay $10,000 or more a year in property tax, on a median home value of $481,200. The Census Bureau stops counting at $10,000, so the real median bill is higher and the effective rate of at least 2.08% is a floor.

Estimate my tax
Census ACS 5-year estimates, 2020–2024. Rate = median tax paid ÷ median home value.
Data from public sources
U.S. Census BureauAmerican Community Survey2020–2024 estimates

Frankfort at a glance

Five numbers that shape a typical property tax bill here.

$481,200
Median home value
$10,000+
Median tax paid
$10,000+
With a mortgage
$10,000+
Mortgage paid off
94.8%
Of homes owner-occupied
Estimate my tax

Property tax calculator

Enter a home value to see a typical yearly bill at Frankfort's average effective rate, or pick another area.

Estimate only. Uses average effective rates and doesn't apply homestead, senior or other exemptions, which lower many bills.
Estimated yearly tax
–
about – a month
$10,000+
Median yearly tax paid
ACS 2020–2024, owner-occupied homes
  • Share of income.The median bill equals about 6.5% of the median household income of $154,375. Because reported bills stop at $10,000, the real share is higher.

The data, charted

Effective rate compared

ACS 2020–2024

Owners vs renters

6,789 occupied homes, ACS 2020–2024
Owner-occupied 94.8%Renter-occupied 5.2%

Cities in Will County

Effective rate, ACS 2020–2024

Frankfort compared

ACS 2020–2024
AreaMedian taxHome valueRate
Frankfort$10,000+$481,2002.08%+
Will County$7,173$319,6002.24%
Illinois$5,298$263,3002.01%
United States$3,119$332,7000.94%

Other cities in Will County

Effective property tax rates nearby.

Crete
2.96%
$6,760 median
Manhattan
2.64%
$8,785 median
Lockport
2.50%
$7,909 median
Bolingbrook
2.46%
$7,748 median
Romeoville
2.43%
$6,235 median
New Lenox
2.32%
$9,276 median
Mokena
2.28%
$9,160 median
Frankfort
2.08%+
$10,000+ median

Nearby

Good to know

What is the property tax rate in Frankfort?

At least 2.08%. The median homeowner pays $10,000 or more a year on a $481,200 home. The Census Bureau caps reported taxes at $10,000, so the true median bill and rate are higher (ACS 2020–2024).

Why is my bill different from this estimate?

Your bill depends on your home's assessed value from the county assessor, the exact taxing units where you live (county, city, school district, special districts) and any exemptions you get. These figures are medians across all owner-occupied homes, not a bill for any address.

How current is this data?

It comes from the U.S. Census Bureau's American Community Survey 5-year estimates for 2020–2024, the latest release. Homeowners report the taxes they paid, so the numbers lag current bills by one to two years. We update the site when the Census Bureau publishes new estimates each December.

Estimates, not your tax bill. These are Census survey medians for all owner-occupied homes (2020–2024). Your bill depends on your assessed value, the taxing units at your address and any exemptions. For your actual bill, check with your county assessor or tax collector. How we calculate this.

More: Will County · all Illinois counties · calculator for any county