When you fall in love with a Wilmette home, remember that taxes are part of the equation. Wilmette’s median effective property tax rate is around 1.9%, resulting in a median annual bill of roughly $12,000 (Ownwell).
Did You Know? Wilmette contributes only about 12% of that bill — the majority supports its award-winning schools and park districts (wilmette.gov).
Why Taxes Are Higher Here
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High home values. Median home prices top $1 million.
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Top-tier public schools. District 39 and New Trier require consistent funding.
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Comprehensive services. Wilmette offers robust parks, public safety, and infrastructure.
How to Estimate Your Bill
Multiply your home value by 1.9%.
Example: $900,000 home → $17,100 annual tax bill.
Factor in possible exemptions (senior, homestead, veteran) to reduce it slightly.
The Reassessment Cycle
Cook County reassesses properties every three years. When values rise sharply, so can taxes. Wilmette’s next major reassessment is scheduled for 2026, so new buyers should budget accordingly.
Appeal and Savings Tips
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Review your tax bill annually.
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Compare assessed value to recent sales.
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File an appeal if you believe your assessment is too high.
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Ask your agent for local tax appeal resources.
How Taxes Affect Affordability
Your PITI (principal, interest, taxes, insurance) determines total monthly cost. Even with a low interest rate, property taxes can add $1,000–$1,600 to monthly payments on a $1 million home.
Transparency Matters
Before making an offer, ask your agent to review tax records for that property. Some homes carry special assessments for sewer or storm-water projects. A clear understanding keeps you budget-ready.
🏠 Plan Your Next Move Wisely
Explore Wilmette Homes for Sale and review estimated taxes on each listing to see how they fit your budget.
🌟 Work with Sarah Jividen Real Estate
Sarah helps North Shore buyers understand every detail of home ownership costs — including property taxes — so you can buy with confidence and clarity. 📲 Contact Sarah Jividen Real Estate
