Saint Charles, Illinois Property Taxes
The median property tax rate in Saint Charles, IL is 2.48%, considerably higher than both the national median of 0.99% and the Illinois state median of 2.35%. With the median home value in Saint Charles at $348,097, the typical annual property tax bill reaches $8,615, exceeding the national median of $2,690. Property taxes in Saint Charles 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 Saint Charles'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 Saint Charles 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
Saint Charles, 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 Saint Charles Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Saint Charles with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Saint Charles 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 Saint Charles, Illinois
Property taxes in Saint Charles, Illinois, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Saint Charles is 2.48%, significantly higher than both the Illinois state median and the U.S. national median of 0.99%. Local government entities within Saint Charles set these rates annually, and they can vary significantly across different neighborhoods. Each year, Saint Charles 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 Saint Charles's effective property tax rate to other areas in Illinois and the national median. For comparison, the 60174 zip code has the highest median property tax rate of 2.51%, while the 60175 zip code has the lowest median tax rate of 2.45%. Understanding how these areas compare with Saint Charles 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 Saint Charles Tax Rate
2.48%
Average Kane County Tax Rate
2.60%
Average Illinois Tax Rate
2.35%
Average United States Tax Rate
0.99%
Property Tax Rates Across Saint Charles, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60174 | 2.29% | 2.42% | 2.51% | 2.57% | 2.69% |
| 60175 | 2.28% | 2.38% | 2.45% | 2.55% | 2.66% |
Source: Ownwell
Property Tax Assessment Values Across Saint Charles, Illinois
In Saint Charles, 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 local 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 Saint Charles, 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 Saint Charles helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the zip code with the highest median tax bill is 60175 at $10,341, while the lowest is 60174 at $7,251.
Property Tax Assessment Values Across Saint Charles, Illinois
Source: Ownwell
$142,312
$365,554
$588,796
Average Saint Charles Assessed Value
$348,097
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 Saint Charles, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60174 | $195,540 | $235,795 | $292,509 | $384,768 | $522,599 |
| 60175 | $256,531 | $330,580 | $418,205 | $542,866 | $696,378 |
Source: Ownwell
Property Tax Bills Across Saint Charles, Illinois
In Saint Charles, located in Kane County, IL, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of the market value. The local tax rate is then applied to this assessed value. For instance, with a median home price of $348,097, homeowners can expect varying tax bills depending on their property's specific assessment and applicable exemptions. Several factors influence the tax bill, including the property's location within different school districts or municipal boundaries, which can have varying tax rates. For instance, residents in zip code 60175 face the highest median tax bill at $10,341, while those in zip code 60174 encounter a lower median tax bill of $7,251. Homeowners in Saint Charles experience property tax bills ranging from the 25th percentile at $6,389 to the 90th percentile at $15,730, significantly higher than the national median property tax rate of 0.99%. These taxes fund essential public services, impacting homeowners by contributing to community infrastructure, schools, and emergency services.
Average Saint Charles Tax Bill
$8,615
Average Kane County Tax Bill
$6,484
Average Illinois Tax Bill
$4,715
Average United States Tax Bill
$2,690
Property Tax Bills Across Saint Charles, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60174 | $4,578 | $5,721 | $7,251 | $9,710 | $13,445 |
| 60175 | $6,111 | $8,032 | $10,341 | $13,511 | $17,655 |
Source: Ownwell