Batavia, Illinois Property Taxes
The median property tax rate in Batavia, IL is 2.72%, considerably higher than both the national median of 0.99% and the Illinois state median of 2.35%. With the median home value in Batavia at $317,018, the typical annual property tax bill reaches $8,529, far exceeding the national median of $2,690. Property taxes in Batavia 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 Batavia'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 Batavia or another part of Kane County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Batavia, 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 Batavia Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Batavia with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Batavia 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 Batavia, Illinois
Property taxes in Batavia, Illinois, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Batavia is 2.72%, significantly higher than both the Illinois state median and the U.S. national median of 0.99%. Local government entities within Batavia set these rates annually, and they can vary significantly across different neighborhoods. Each year, Batavia 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 Batavia's effective property tax rate to other counties in Illinois and the national median. For comparison, the 60510 zip code has the highest median property tax rate of 2.72%, while the 60510 zip code also has the lowest median tax rate of 2.72%. Understanding how these cities compare with Batavia 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 Batavia Tax Rate
2.72%
Average Kane County Tax Rate
2.60%
Average Illinois Tax Rate
2.35%
Average United States Tax Rate
0.99%
Property Tax Rates Across Batavia, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60510 | 2.50% | 2.62% | 2.72% | 2.78% | 2.85% |
Source: Ownwell
Property Tax Assessment Values Across Batavia, Illinois
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Batavia, 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 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 Batavia, 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. With a median home price of $317,018, the median tax bill ranges significantly, with the 25th percentile at $6,385 and the 75th percentile at $10,847. The highest and lowest median tax bills in Batavia are both $8,529, found in the 60510 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Batavia Assessed Value
$317,018
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 Batavia, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60510 | $192,739 | $243,793 | $317,018 | $398,608 | $488,885 |
Source: Ownwell
Property Tax Bills Across Batavia, Illinois
In Batavia, located in Kane County, IL, property tax bills are calculated based on the assessed value of a property, which is determined by the local assessor's office. The assessed value is a percentage of the property's market value. For instance, if the median home price in Batavia is $317,018, the assessed value will be a fraction of this amount. Once the assessed value is established, the local tax rate is applied to calculate the tax bill. Factors such as property size, location, and improvements can influence the assessed value. In Batavia, property tax bills can vary significantly, with the 25th percentile tax bill at $6,385 and the 75th percentile reaching $10,847. For homeowners, this means that property taxes can be a substantial annual expense, impacting overall affordability. The highest median tax bill in Batavia stands at $8,529, which is significantly higher than the national median property tax rate of 0.99%. This underscores the importance for homeowners to understand their property assessments and potential tax liabilities.
Average Batavia Tax Bill
$8,529
Average Kane County Tax Bill
$6,484
Average Illinois Tax Bill
$4,715
Average United States Tax Bill
$2,690
Property Tax Bills Across Batavia, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60510 | $4,988 | $6,385 | $8,529 | $10,847 | $13,489 |
Source: Ownwell