Calculate using real Elgin data. Median home price: $265,000. Property tax rate: 1.95%.
The effective property tax rate in Elgin, IL is 1.95%. On the median home value of $265,000, that equals approximately $5,168 per year.
At the 1.95% effective rate, a $265,000 home in Elgin, IL would pay about $5,168 annually, or $431 per month.
The 1.95% rate in Elgin, IL is above the national average of roughly 1.1%.