Frankfort, IL · Updated Oct 2026

What a Frankfort home costs each year

Property tax, water, trash and energy from public rates. Look up your address to make it yours, and see how to pay less.

Suggestions as you type come from Google; the lookup uses free public map services to find who serves it. Not stored unless you save your house.

Example · a Frankfort house

$15,383a year · $1,282 a month

Starts at $160,400 of value before exemptions. Typical use.

Property tax$11,779
7.729% of $160,400, less $8,000 general homestead exemption
Electricity and gas$1,932
609 kWh a month $1,462 · 31 therms $469
Water and sewer$1,368
7,000 gallons a month on Village of Frankfort: water $38, sewer $76 a month
Trash$304
Garbage and recycling, $25 a month
Home insuranceNot included
We don't have a typical premium for this city yet. Add yours with Adjust.

A typical Frankfort house costs about $15,400 a year: $11,780 property tax and charges, $1,370 water and sewer, $300 trash, $1,930 electricity and gas; home insurance is not included (no typical premium yet). Estimated from public rates, not anyone's actual bill.

Rates checked Oct 30, 2026. Insurance: what you enter, or a typical premium until you do. Sources are listed at the bottom.

Ways to pay less

One change saves this house about $539 a year:

Bring water use down to 3 units
$539 a year
Above 3 units a month, Village of Frankfort charges $7.49 a unit instead of $0.00.
How: Most of the top tier is outdoor watering: fix leaks and water less often in summer.

Worth checking

Seniors 65+: senior homestead exemption
This exemption lowers the equalized assessed value of your property by $8,000, and may be claimed in addition to the General Homestead Exemption.
How: Use the Senior Homestead Exemption Form from the Frankfort Township Assessor; drop it at the assessor's or Will County Supervisor of Assessments office.
Disabled persons' homestead exemption
This exemption lowers the equalized assessed value of your property by $2,000 and may be claimed in addition to the Homestead Exemption and the Senior Citizen Homestead Exemptions, if applicable.
How: First-time applicants use the Disabled Person's Homestead Form and Physician's Statement from the assessor.
Disabled veterans: standard homestead exemption
If the veteran has a service-connected disability of 30% or more but less than 50%, then the annual exemption is $2,500; if the veteran has a service-connected disability of 50% or more but less than 70%, then the annual exemption is $5,000.
How: Apply with the Frankfort Township Assessor or the Will County Supervisor of Assessments office.
Returning veterans: homestead exemption
It lowers the Equalized Assessed Value of your property by $5,000 a year for the first two years you return from active duty in an armed conflict.
How: Fill out the form once; the exemption carries over to the second year.

Who serves this house

Water: Village of Frankfort; As of May 1, 2026: Water $5.60 per 1,000 gallons.
Property tax: 7.73% of value; 2025 tax year (bills paid 2026), Will County tax code 1906
Garbage: Homewood Disposal Service (incorporated residents); Garbage and recycling services are provided by Homewood Disposal Service for incorporated residents.
Sewer: Village of Frankfort; Frankfort operates its own water and sewer system.
Electricity: ComEd; Contact Commonwealth Edison (ComEd) or call ComEd Customer Service at (800) 334-7661
Gas: Nicor Gas; Contact Nicor Gas or call (888) 642-6748

Pay or manage your bills

Your water

Source: The Village of Frankfort's water supply is sourced from a series of underground wells within a shallow aquifer.
2025 report: In 2025, as in previous years, the finished water coming from each of Frankfort's wells met or surpassed all federal and state drinking water standards.

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How these numbers are made

Property tax uses the Will County 2025 tax master for tax code 1906 (Village of Frankfort, Frankfort Fire District, Frankfort Park District, School District 157-C, High School District 210), total 7.7290 per $100 of assessed value. The Village sits in a dozen tax codes (for example 1934 to 1977 and the Mokena fire/park codes 1907) with totals from 7.24 to 8.55; 1906 was chosen as the core village pairing and parcel counts per code were not published.
The starting value is the DataUSA 2024 median property value of $481,200 divided by 3, because Illinois taxes assessed value at about one third of market value; an official assessor median was not found. The $8,000 general homestead exemption comes off that value. The one-third convention is Will County's stated assessed-to-market ratio (33.33%). The Will County equalization factor for Frankfort Township is 1.0415 for the 2026 assessment year (payable 2027); the factor for the 2025 tax year was not found and is not applied to the model.
Water is $5.60 and sewer $11.33 per 1,000 gallons (May 1, 2026) with a minimum charge on 2,000 gallons for all accounts, modelled as a fixed charge of 2,000 gallons at each rate (water $11.20, sewer $22.66) that covers the first 2,000 gallons. Garbage and recycling are $19.97 + $5.40 flat per month on the water bill.
Electricity is the ComEd January 2026 delivery sheet plus the October 2026 Price to Compare and Renewable Energy Adjustment; gas is Nicor Rate 1 with the October 2026 gas cost. No Village electric or gas utility tax was found in official sources, so none is added.
Home insurance is not included: no official Frankfort or Illinois premium survey was found. The village stormwater page lists no fee, so none is added.
Nothing here is legal, tax or insurance advice.

Sources

How Frankfort compares

A typical Frankfort house against the 132 Illinois cities we cover, using the same default numbers as the total above.

Per year	Frankfort	Median	Where it falls
Property tax rate	7.73%	8.23%	lower than 80 of the other 131 Illinois cities we cover
Water	$452	$872	lower than 127 of the other 131 Illinois cities we cover
Sewer and utility-bill fees	$915	$535	higher than 105 of the other 123 Illinois cities we cover
Trash	$304	$283	higher than 77 of the other 127 Illinois cities we cover
Electricity and gas	$1,932	$2,163	lower than 92 of the other 131 Illinois cities we cover
Total	$15,383	$11,701	higher than 115 of the other 131 Illinois cities we cover

Cities bill differently (some put trash on the tax bill, some cover more services), so a higher number isn't necessarily worse. The property tax rate is compared instead of dollars because house values differ.

Questions to ask your candidates

Each one starts from a number above. Any candidate can answer them.

1. Water

The fact: Water here costs about $452 a year at typical use, lower than 127 of the other 131 Illinois cities we cover.

Ask: "Water here costs about $452 a year at typical use, lower than 127 of the other 131 Illinois cities we cover. What drives that cost, and would you change anything?"

2. Sewer and utility-bill fees

The fact: Sewer and flat utility-bill charges here come to about $915 a year, higher than 105 of the other 123 Illinois cities we cover. Some cities bill sewer on the property tax bill instead, which is not counted here.

Ask: "Sewer and flat utility-bill charges here cost about $915 a year, higher than 105 of the other 123 Illinois cities we cover. What drives that cost, and would you change anything?"

Common questions about Frankfort house costs

What is the property tax rate in Frankfort?

About 7.73% of the value before exemptions a year (2025 tax year (bills paid 2026), Will County tax code 1906), plus flat charges on the same bill.

How much is property tax on a $500,000 house in Frankfort?

About $38,027 a year on $500,000 of the value before exemptions with the general homestead exemption.

How much is the water bill in Frankfort?

About $114 a month for water and sewer at typical use (7,000 gallons a month) on Village of Frankfort.

How much does trash pickup cost in Frankfort?

$25 a month for a house.

Can seniors lower their property tax or bills in Frankfort?

Yes. Seniors 65+: senior homestead exemption: This exemption lowers the equalized assessed value of your property by $8,000, and may be claimed in addition to the General Homestead Exemption.

How much does a house in Frankfort cost to run each year?

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