Frankfort property tax: where it goes
A typical Frankfort house pays about $11,780 a year on the property tax bill, including flat charges on the same bill. Estimated from public rates, not anyone's actual bill.
A Frankfort house pays 7.729% of its taxable value in property tax. For a house at $160,400 of value before exemptions with the homestead exemption, that's about $11,779 a year.
Tax is levied on Assessed value (less applicable exemptions) multiplied by the tax rate; 2025 tax-code rates from the Will County tax master.
Illinois bills a year in arrears; the 2025 tax master (4/09/26) is the latest published; 2026 rates are not set until 2027.
Pay or manage it
Who taxes this house
| Taxing agency | Rate | On $160,400 |
|---|---|---|
| Forest Preserve | 0.0824% | $126 |
| Community Mental Health Board | 0.0303% | $46 |
| Frankfort Township town funds | 0.0763% | $116 |
| Frankfort Township road funds | 0.0895% | $136 |
| Frankfort Fire Protection District | 0.7338% | $1,118 |
| Frankfort School District 157-C (schools) | 3.2139% | $4,898 |
| Lincoln-Way High School District 210 (schools) | 2.0196% | $3,078 |
| Joliet Junior College District 525 (schools) | 0.2627% | $400 |
| Village of Frankfort | 0.291% | $443 |
| Village of Frankfort road and bridge | 0.0633% | $96 |
| Frankfort Park District | 0.1983% | $302 |
| Frankfort Public Library | 0.1845% | $281 |
| Will County | 0.4834% | $737 |
| Total | 7.729% | $11,779 |
2025 tax year (bills paid 2026), Will County tax code 1906. Exemptions applied: General homestead exemption (owner-occupied; $8,000 from the 2023 tax year) ($8,000).
Ways to pay less
- 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.
Sources
Checked October 30, 2026. Every number here comes from the public sources listed, matched by our checker.
Rates change every year; this page shows when it was last checked. Nothing here is legal, tax or insurance advice.
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