Willowbrook, Illinois Property Taxes
The median property tax rate in Willowbrook, IL is 2.12%, considerably higher than both the national median of 0.99% and the Illinois state median of 2.35%. With the median home value in Willowbrook at $618,150, the typical annual property tax bill reaches $12,742, far exceeding the national median of $2,690. Property taxes in Willowbrook 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 Willowbrook'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 Willowbrook 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
Willowbrook, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.12%
Estimate Property Tax Bill
$13,105
$12,805
$1,148
Average Willowbrook, Illinois Tax Savings
Ownwell’s Willowbrook Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Willowbrook with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Willowbrook to estimate your property tax bill. This insightful tool not only helps you understand potential tax liabilities but also illustrates how Ownwell can assist in reducing property taxes in Willowbrook. 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 Willowbrook, Illinois
Property taxes in Willowbrook, Illinois, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Willowbrook is 2.12%, significantly higher than both the Illinois state median and the U.S. national median of 0.99%. Local government entities within Willowbrook set these rates annually, and they can vary across different neighborhoods. Each year, Willowbrook 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 Willowbrook's effective property tax rate to other counties in Illinois and the national median. For comparison, the 60527 zip code has the highest median property tax rate of 2.12%, while the same 60527 zip code also has the lowest median tax rate of 2.12%. Understanding how these cities compare with Willowbrook provides valuable insights into the varying tax landscape across Cook County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Willowbrook Tax Rate
2.12%
Average Cook County Tax Rate
2.01%
Average Illinois Tax Rate
2.35%
Average United States Tax Rate
0.99%
Property Tax Rates Across Willowbrook, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60527 | 2.06% | 2.11% | 2.12% | 2.38% | 2.59% |
Source: Ownwell
$1,148
Average Willowbrook Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Willowbrook, Illinois
In Willowbrook, 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 Cook County Assessor's Office 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 Willowbrook, 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. The median home price in Willowbrook is $618,150, with tax bills ranging significantly. For instance, the 25th percentile tax bill is $7,526, while the 75th percentile reaches $22,077. The highest and lowest median tax bills in the 60527 zip code are both $12,742. Being aware of these valuation processes in Willowbrook helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Willowbrook Assessed Value
$618,150
Average Cook County Assessed Value
$210,000
Average Illinois Assessed Value
$194,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Willowbrook, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60527 | $160,653 | $271,420 | $618,150 | $949,788 | $1,354,345 |
Source: Ownwell
$1,148
Average Willowbrook Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Willowbrook, Illinois
Property tax bills in Willowbrook, located in Cook County, IL, are calculated based on the assessed value of a property and the local tax rate. The median home price in Willowbrook is $618,150, and property tax rates in the area can result in significant annual tax bills. For instance, the 25th percentile tax bill is $7,526, while the 75th percentile tax bill reaches $22,077, with the 90th percentile soaring to $28,842. The highest median tax bill in the area is $12,742, found in the 60527 zip code. Property tax bills are determined by multiplying the assessed value of the property by the local tax rate. Factors such as property improvements, market conditions, and local government budgets can influence the assessed value. High property taxes can strain homeowners' finances, making it essential to ensure that assessments are accurate. Ownwell can help homeowners in Willowbrook save on their property tax bills by providing expert property tax appeal and exemption services. By challenging over-assessments and securing eligible exemptions, Ownwell can reduce the financial burden on homeowners, ensuring they only pay their fair share.
Average Willowbrook Tax Bill
$12,742
Average Cook County Tax Bill
$4,680
Average Illinois Tax Bill
$4,715
Average United States Tax Bill
$2,690
Property Tax Bills Across Willowbrook, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60527 | $5,017 | $7,526 | $12,742 | $22,077 | $28,842 |
Source: Ownwell
$1,148
Average Willowbrook Tax Savings
Save on your property taxes & more with Ownwell.
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Tax Bill | |
| Issued | February 1 |
| Due Date #1 | March 1 |
| Due Date #2 | August 1 |
Links | |
|---|---|
| Cook Assessor’s Office | |
| Phone | (312) 443-7550 |
| Website | assessorpropertydetails.cookcountyil.gov |
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