Glendale Heights, Illinois Property Taxes
The median property tax rate in Glendale Heights, IL is 3.03%, considerably higher than both the national median of 0.99% and the Illinois state median of 2.35%. With the median home value in Glendale Heights at $224,730, the typical annual property tax bill reaches $6,620, far exceeding the national median of $2,690. Property taxes in Glendale Heights are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Glendale Heights' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Glendale Heights 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
Glendale Heights, 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 Glendale Heights Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Glendale Heights with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Glendale Heights 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 Glendale Heights, Illinois
Property taxes in Glendale Heights, Illinois, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Glendale Heights is 3.03%, significantly higher than both the Illinois state median and the U.S. national median of 0.99%. Local government entities within Glendale Heights set these rates annually, and they can vary significantly across different neighborhoods. Each year, Glendale Heights 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 Glendale Heights' effective property tax rate to other areas in DuPage County and the national median. For comparison, the 60139 zip code has the highest median property tax rate of 3.03%, while the 60188 zip code has the lowest median tax rate of 2.13%. Understanding how these cities compare with Glendale Heights 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 Glendale Heights Tax Rate
3.03%
Average Dupage County Tax Rate
2.22%
Average Illinois Tax Rate
2.35%
Average United States Tax Rate
0.99%
Property Tax Rates Across Glendale Heights, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60139 | 2.63% | 2.86% | 3.03% | 3.10% | 3.15% |
| 60188 | 2.13% | 2.13% | 2.13% | 2.13% | 2.13% |
Source: Ownwell
Property Tax Assessment Values Across Glendale Heights, Illinois
In Glendale Heights, 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 Glendale Heights, 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. The median home price in Glendale Heights is $224,730, with tax bills ranging from $5,152 at the 25th percentile to $9,079 at the 90th percentile. The highest median tax bill is $7,852 in zip code 60188, while the lowest is $6,619 in zip code 60139. 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 Glendale Heights helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Glendale Heights, Illinois
Source: Ownwell
$2,760
$1,600,770
$3,198,780
Average Glendale Heights Assessed Value
$224,730
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 Glendale Heights, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60139 | $115,320 | $181,200 | $224,730 | $253,508 | $299,910 |
| 60188 | $368,280 | $368,280 | $368,280 | $368,280 | $368,280 |
Source: Ownwell
Property Tax Bills Across Glendale Heights, Illinois
In Glendale Heights, located in DuPage County, IL, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local government assesses properties to determine their taxable value, which is then multiplied by the local tax rate to calculate the annual tax bill. Various factors, such as property size, location, and improvements, influence the assessed value. For homeowners in Glendale Heights, property tax bills can vary significantly. For example, the median home price is $224,730, and tax bills range from the 25th percentile at $5,152 to the 75th percentile at $7,698. Those in the 90th percentile face tax bills around $9,079. Compared to the national median property tax rate of 0.99%, homeowners in Glendale Heights often experience higher tax rates, reflecting the area's property values and local tax policies. This can significantly impact household finances, making it essential for homeowners to understand their tax liabilities and explore potential exemptions or appeals.
Average Glendale Heights Tax Bill
$6,620
Average Dupage County Tax Bill
$7,313
Average Illinois Tax Bill
$4,715
Average United States Tax Bill
$2,690
Property Tax Bills Across Glendale Heights, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60139 | $3,259 | $5,152 | $6,619 | $7,697 | $9,080 |
| 60188 | $7,852 | $7,852 | $7,852 | $7,852 | $7,852 |
Source: Ownwell