Bartlett, Illinois Property Taxes
The median property tax rate in Bartlett, IL is 2.73%, considerably higher than both the national median of 0.99% and the Illinois state median of 2.35%. With the median home value in Bartlett at $314,070, the typical annual property tax bill reaches $8,476, exceeding the national median of $2,690. Property taxes in Bartlett 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 Bartlett'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 Bartlett 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
Bartlett, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.73%
Estimate Property Tax Bill
$8,574
$8,378
Ownwell’s Bartlett Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bartlett with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bartlett 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 Bartlett, Illinois
Property taxes in Bartlett, IL, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bartlett is 2.73%, significantly higher than both the Illinois state median and the U.S. national median of 0.99%. Local government entities within Bartlett set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bartlett 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 Bartlett's effective property tax rate to other counties in Illinois and the national median. For comparison, the 60103 zip code has the highest median property tax rate of 2.73%, while the 60120 zip code has the lowest median tax rate of 2.46%. Understanding how these cities compare with Bartlett 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 Bartlett Tax Rate
2.73%
Average Dupage County Tax Rate
2.22%
Average Illinois Tax Rate
2.35%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bartlett, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60103 | 2.54% | 2.67% | 2.73% | 2.76% | 2.79% |
| 60120 | 2.46% | 2.46% | 2.46% | 2.46% | 2.46% |
Source: Ownwell
Property Tax Assessment Values Across Bartlett, Illinois
In Bartlett, 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 Assessor 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 Bartlett, 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 instance, the highest median tax bill in Bartlett is $8,480 in the 60103 zip code, while the lowest is $5,196 in the 60120 zip code. 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 Bartlett helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Bartlett Assessed Value
$314,070
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 Bartlett, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60103 | $228,744 | $267,015 | $314,070 | $369,645 | $430,836 |
| 60120 | $210,900 | $210,900 | $210,900 | $210,900 | $210,900 |
Source: Ownwell
Property Tax Bills Across Bartlett, Illinois
In Bartlett, IL, located in DuPage County, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. The local tax rate is applied to this assessed value to determine the tax bill. Various factors influence this calculation, including the property's location, size, and any applicable exemptions or deductions. Homeowners in Bartlett face a median property tax rate that is higher than the national median of 0.99%. For instance, the tax bill for a home in the 25th percentile is around $7,135, while those in the 75th percentile can expect to pay approximately $10,104. The highest median tax bill in the area reaches $8,480 in the 60103 zip code, whereas the lowest median tax bill is $5,196 in the 60120 zip code. These tax bills significantly impact homeowners, affecting their monthly budgets and overall cost of living. Understanding how these taxes are calculated can help homeowners better plan their finances and potentially seek out exemptions to reduce their tax burden.
Average Bartlett Tax Bill
$8,476
Average Dupage County Tax Bill
$7,313
Average Illinois Tax Bill
$4,715
Average United States Tax Bill
$2,690
Property Tax Bills Across Bartlett, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60103 | $5,802 | $7,135 | $8,480 | $10,105 | $11,859 |
| 60120 | $5,196 | $5,196 | $5,196 | $5,196 | $5,196 |
Source: Ownwell