Burlington, Illinois Property Taxes
The median property tax rate in Burlington, IL is 2.91%, considerably higher than both the national median of 0.99% and the Illinois state median of 2.35%. With the median home value in Burlington at $210,959, the typical annual property tax bill reaches $6,113, exceeding the national median of $2,690. Property taxes in Burlington 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 Burlington'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 Burlington 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
Burlington, 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 Burlington Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Burlington with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Burlington 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 Burlington, Illinois
Property taxes in Burlington, Illinois, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Burlington is 2.91%, significantly higher than both the Illinois state median and the U.S. national median of 0.99%. Local government entities within Burlington set these rates annually, and they can vary significantly across different neighborhoods. Each year, Burlington 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 Burlington’s effective property tax rate to other counties in Illinois and the national median. For comparison, the 60109 zip code has the highest median property tax rate of 2.91%, while the same zip code also has the lowest median tax rate of 2.91%. Understanding how these cities compare with Burlington provides valuable insights into the varying tax landscape across Kane County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Burlington Tax Rate
2.91%
Average Kane County Tax Rate
2.60%
Average Illinois Tax Rate
2.35%
Average United States Tax Rate
0.99%
Property Tax Rates Across Burlington, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60109 | 2.63% | 2.82% | 2.91% | 3.04% | 3.18% |
Source: Ownwell
Property Tax Assessment Values Across Burlington, Illinois
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Burlington, Illinois. 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 Kane 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 Burlington, 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. 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 Burlington helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $6,113 in zip code 60109, while the lowest is also $6,113 in the same zip code.
Average Burlington Assessed Value
$210,959
Average Kane County Assessed Value
$253,745
Average Illinois Assessed Value
$194,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Burlington, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60109 | $155,979 | $178,650 | $210,959 | $324,440 | $395,081 |
Source: Ownwell
Property Tax Bills Across Burlington, Illinois
In Burlington, located in Kane County, IL, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. This assessed value is a percentage of the market value of the property. The median home price in Burlington is $210,959. Tax rates are applied to the assessed value to calculate the final tax bill. Several factors influence the property tax bill, including the home's location, size, and any applicable exemptions or deductions. In Burlington, the property tax bills vary significantly, with the 25th percentile at $5,066 and the 75th percentile reaching $9,303. Homeowners in the 90th percentile face tax bills as high as $11,857. These property tax rates can have a substantial impact on homeowners, affecting their overall cost of living and potentially influencing decisions about buying or selling property. Compared to the national median property tax rate of 0.99%, Burlington's property tax rates are notably higher, reflecting the specific fiscal policies and public service needs of Kane County.
Average Burlington Tax Bill
$6,113
Average Kane County Tax Bill
$6,484
Average Illinois Tax Bill
$4,715
Average United States Tax Bill
$2,690
Property Tax Bills Across Burlington, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60109 | $4,374 | $5,066 | $6,113 | $9,303 | $11,857 |
Source: Ownwell