Illinois Estate Tax and Farmland: Why the $4 Million Exemption Catches More Farm Families Than It Should

Illinois Estate Tax and Farmland: Why the $4 Million Exemption Catches More Farm Families Than It Should

Illinois Estate Tax and Farmland: Why the $4 Million Exemption Catches More Farm Families Than It ShouldJared Williams, Managing Broker of Archer Realty
Published on: 22/10/2026

Illinois exempts only $4 million per individual from estate tax — not portable between spouses. A farm worth $5 million can owe roughly $285,000 at the state level.

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