Naperville, Illinois Property Taxes
The median property tax rate in Naperville, IL is 2.07%, considerably higher than both the national median of 0.99% and the Illinois state median of 2.35%. With the median home value in Naperville at $413,130, the typical annual property tax bill reaches $8,613, exceeding the national median of $2,690. Property taxes in Naperville are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Naperville's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Naperville or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Naperville, Illinois Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
2.35%
Estimate Property Tax Bill
$4,700
Ownwell’s Naperville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Naperville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Naperville to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Naperville, Illinois
Property taxes in Naperville, Illinois, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Naperville is 2.07%, significantly higher than the U.S. national median of 0.99%. Local government entities within Naperville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Naperville estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Naperville's effective property tax rate to other areas in DuPage County and the national median. For comparison, the 60564 zip code has the highest median property tax rate of 2.42%, while the 60565 zip code has the lowest median tax rate of 2.06%. Understanding how these cities compare with Naperville provides valuable insights into the varying tax landscape across DuPage County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Naperville Tax Rate
2.07%
Average Dupage County Tax Rate
2.22%
Average Illinois Tax Rate
2.35%
Average United States Tax Rate
0.99%
Property Tax Rates Across Naperville, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60540 | 1.97% | 2.04% | 2.08% | 2.15% | 2.20% |
| 60563 | 1.85% | 1.99% | 2.07% | 2.12% | 2.19% |
| 60564 | 2.05% | 2.17% | 2.42% | 2.66% | 2.70% |
| 60565 | 1.94% | 2.00% | 2.06% | 2.08% | 2.16% |
| 60566 | N/A | N/A | N/A | N/A | N/A |
| 60567 | 2.11% | 2.11% | 2.11% | 2.11% | 2.11% |
Source: Ownwell
Property Tax Assessment Values Across Naperville, Illinois
In Naperville, Illinois, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the DuPage County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Naperville, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. Naperville's median home price is $413,130, with tax bills varying significantly; the 25th percentile tax bill is $6,064, while the 75th percentile tax bill is $10,872. The highest median tax bill is found in the 60540 zip code at $9,461, whereas the lowest is in the 60567 zip code at $2,557. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Naperville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Naperville Assessed Value
$413,130
Average Dupage County Assessed Value
$319,350
Average Illinois Assessed Value
$194,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Naperville, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60540 | $276,198 | $364,395 | $456,150 | $573,630 | $832,230 |
| 60563 | $127,860 | $214,432 | $336,195 | $484,185 | $607,935 |
| 60564 | $178,230 | $267,360 | $401,160 | $469,680 | $569,052 |
| 60565 | $184,950 | $311,640 | $406,050 | $473,775 | $565,434 |
| 60566 | N/A | N/A | N/A | N/A | N/A |
| 60567 | $121,050 | $121,050 | $121,050 | $121,050 | $121,050 |
Source: Ownwell
Property Tax Bills Across Naperville, Illinois
In Naperville, located in DuPage County, IL, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the market value of the property. Several factors influence this calculation, including the property's location, size, and any improvements made. In DuPage County, the median home price is $413,130, which provides a baseline for understanding property tax bills in the area. Homeowners in Naperville can expect their tax bills to vary significantly. For instance, those in the 25th percentile pay around $6,064 annually, while those in the 75th percentile see bills closer to $10,872. The 90th percentile tax bill reaches up to $13,954. The highest median tax bill within the city is $9,461 in the 60540 zip code, whereas the lowest is $2,557 in the 60567 zip code. These taxes are crucial as they fund local services such as schools, public safety, and infrastructure, directly impacting the quality of life for residents.
Average Naperville Tax Bill
$8,613
Average Dupage County Tax Bill
$7,313
Average Illinois Tax Bill
$4,715
Average United States Tax Bill
$2,690
Property Tax Bills Across Naperville, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60540 | $5,419 | $7,571 | $9,461 | $12,106 | $17,717 |
| 60563 | $2,481 | $4,381 | $6,827 | $10,171 | $12,808 |
| 60564 | $4,041 | $5,741 | $9,263 | $11,724 | $14,192 |
| 60565 | $3,578 | $6,258 | $8,291 | $9,841 | $11,844 |
| 60566 | N/A | N/A | N/A | N/A | N/A |
| 60567 | $2,557 | $2,557 | $2,557 | $2,557 | $2,557 |
Source: Ownwell