Tujunga, Illinois Property Taxes
The median property tax rate in Tujunga, IL is 2.51%, considerably higher than both the national median of 0.99% and the Illinois state median of 2.35%. With the median home value in Tujunga, the typical annual property tax bill reaches $245, which is significantly lower than the national median of $2,690. Property taxes in Tujunga 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 Tujunga'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 Tujunga 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
Tujunga, 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 Tujunga Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Tujunga with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Tujunga 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 Tujunga, Illinois
Property taxes in Tujunga, Illinois, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Tujunga is 2.51%, significantly higher than both the Illinois state median and the U.S. national median of 0.99%. Local government entities within Tujunga set these rates annually, and they can vary significantly across different neighborhoods. Each year, Tujunga 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 Tujunga's effective property tax rate to other counties in Illinois and the national median. For comparison, the 91042 zip code has the highest median property tax rate of 2.51%, while the same zip code also has the lowest median tax rate of 2.51%. Understanding how these cities compare with Tujunga provides valuable insights into the varying tax landscape across Johnson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Tujunga Tax Rate
2.51%
Average Johnson County Tax Rate
2.14%
Average Illinois Tax Rate
2.35%
Average United States Tax Rate
0.99%
Property Tax Rates Across Tujunga, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 91042 | 2.51% | 2.51% | 2.51% | 2.51% | 2.51% |
Source: Ownwell
Property Tax Assessment Values Across Tujunga, Illinois
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Tujunga, Illinois. The market value represents 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 Johnson 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 Tujunga, 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. For example, the median home price in Tujunga is $9,741, with the highest median tax bill recorded at $245 in zip code 91042. 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 Tujunga helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Tujunga Assessed Value
$9,741
Average Johnson County Assessed Value
$71,244
Average Illinois Assessed Value
$194,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Tujunga, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 91042 | $9,741 | $9,741 | $9,741 | $9,741 | $9,741 |
Source: Ownwell
Property Tax Bills Across Tujunga, Illinois
In Tujunga, Johnson County, IL, property tax bills are calculated based on the assessed value of a home. The assessed value is a percentage of the market value, determined by the county assessor. This value is then multiplied by the local tax rate to determine the tax bill. For homeowners in Tujunga, the median home price is $9,741, and the tax bills at various percentiles (25th, 75th, and 90th) are consistently $245. This figure is significantly lower than the national median property tax rate of 0.99%. Several factors influence the tax bill, including the property's assessed value, local tax rates, and any applicable exemptions or deductions. For homeowners, understanding these components is crucial, as they directly impact the annual financial obligation. Lower property tax bills in Tujunga can make homeownership more affordable compared to other regions, potentially increasing the attractiveness of the area for both current residents and prospective buyers.
Average Tujunga Tax Bill
$245
Average Johnson County Tax Bill
$1,237
Average Illinois Tax Bill
$4,715
Average United States Tax Bill
$2,690
Property Tax Bills Across Tujunga, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 91042 | $245 | $245 | $245 | $245 | $245 |
Source: Ownwell