Campton Hills, Illinois Property Taxes
The median property tax rate in Campton Hills, IL is 2.28%, significantly higher than both the national median of 0.99% and the Illinois state median of 2.35%. With the median home value in Campton Hills at $259,583, the typical annual property tax bill reaches $6,523, far exceeding the national median of $2,690. Property taxes in Campton Hills 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 Campton Hills' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Campton Hills 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
Campton Hills, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.28%
Estimate Property Tax Bill
$5,918
$5,783
Ownwell’s Campton Hills Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Campton Hills with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Campton Hills 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 Campton Hills, Illinois
Property taxes in Campton Hills, Illinois, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Campton Hills is 2.28%, significantly higher than both the Illinois state median and the U.S. national median of 0.99%. Local government entities within Campton Hills set these rates annually, and they can vary significantly across different neighborhoods. Each year, Campton Hills 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 Campton Hills' effective property tax rate to other counties in Illinois and the national median. For comparison, the 60183 zip code has the highest median property tax rate of 2.28%, while the 60175 zip code has the lowest median tax rate of 2.26%. Understanding how these cities compare with Campton Hills 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 Campton Hills Tax Rate
2.28%
Average Kane County Tax Rate
2.60%
Average Illinois Tax Rate
2.35%
Average United States Tax Rate
0.99%
Property Tax Rates Across Campton Hills, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60175 | 1.98% | 2.09% | 2.26% | 2.44% | 2.54% |
| 60183 | 2.28% | 2.28% | 2.28% | 2.28% | 2.28% |
Source: Ownwell
Property Tax Assessment Values Across Campton Hills, Illinois
In Campton Hills, Illinois, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value represents 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 Campton Hills, 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 Campton Hills helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $6,654 in the 60175 zip code, while the lowest is $5,628 in the 60183 zip code.
Property Tax Assessment Values Across Campton Hills, Illinois
Source: Ownwell
$142,312
$365,554
$588,796
Average Campton Hills Assessed Value
$259,583
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 Campton Hills, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60175 | $267,719 | $279,923 | $300,262 | $320,602 | $332,806 |
| 60183 | $246,927 | $246,927 | $246,927 | $246,927 | $246,927 |
Source: Ownwell
Property Tax Bills Across Campton Hills, Illinois
In Campton Hills, located in Kane County, IL, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is typically a percentage of the market value, which in Campton Hills is influenced by the median home price of $259,583. Homeowners in this region face property tax bills that vary widely, with the 25th percentile at $6,075 and the 75th percentile at $6,654. The 90th percentile tax bill reaches up to $6,732, indicating that some homeowners pay significantly higher taxes. The local tax rate in Kane County is notably higher than the national median property tax rate of 0.99%. This higher rate can result in substantial annual tax bills, impacting the overall affordability of homeownership in the area. Factors such as local government budgets, school funding, and public services all play a role in determining the final tax rate and, consequently, the tax bill for homeowners. Understanding these elements can help residents better anticipate their property tax obligations.
Average Campton Hills Tax Bill
$6,523
Average Kane County Tax Bill
$6,484
Average Illinois Tax Bill
$4,715
Average United States Tax Bill
$2,690
Property Tax Bills Across Campton Hills, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60175 | $6,549 | $6,588 | $6,654 | $6,719 | $6,758 |
| 60183 | $5,628 | $5,628 | $5,628 | $5,628 | $5,628 |
Source: Ownwell