Clare, Dekalb County, Illinois Property Taxes

Name: Property Tax Bills Across Clare, Dekalb County, Illinois
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median CLARE, IL effective property tax rate: 3.07%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median CLARE, IL home value: $223,052
Median annual CLARE, IL tax bill: $6,277, $3,877 higher than the national median property tax bill of $2,400.

How are property taxes in DeKalb calculated?

Property taxes in CLARE, IL are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding CLARE’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in CLARE, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Clare, Dekalb County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

3.07%

Estimate Property Tax Bill

$6,848

$6,354

Ownwell’s Clare Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Clare with just two data points. By entering your property's estimated assessed value, our calculator applies Clare’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in DeKalb County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Clare, Dekalb County, Illinois

Local government entities determine property tax rates, which can vary significantly across regions. This variation is primarily due to each county's annual budget requirements. Each year, counties calculate their budget needs to fund local services and divide this amount by the total assessed value of all taxable properties in their area, resulting in the property tax rate. Although the process involves votes and legislative measures, this is the basic annual procedure.

In Clare, located in DeKalb County, Illinois, the effective property tax rate stands at 3.07%, which is noticeably higher than both the state and national averages. The median property tax rate in Illinois is among the highest in the country, which can be attributed to the state's reliance on property taxes to fund public services. Compared to the national median property tax rate of 1.02%, Clare's rate is considerably elevated, impacting homeowners with higher tax bills. Understanding these differences is crucial for property owners seeking to manage their tax liabilities effectively. By comparing Clare’s property tax rate with other regions, homeowners can better navigate potential tax appeals and exemptions to reduce their financial burden.

Property Tax Rates Across Clare, Dekalb County, Illinois

Source: Ownwell

2.35%

2.89%

3.43%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Clare Taxx Rate

3.07%

Median Effective Dekalb County Taxx Rate

2.86%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

0.99%

Property Tax Rates Across Clare, Dekalb County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
60111	2.41%	2.69%	3.07%	3.41%	3.68%

Source: Ownwell

Property Tax Assessment Values Across Clare, Dekalb County, Illinois

When examining property taxes in Clare, IL, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The DeKalb County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In DeKalb County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Clare. For example, the median home price in Clare is $223,052, with tax bills ranging significantly across the county. Zip code 60111 has the highest median home price at $223,052.

Property Tax Assessment Values Across Clare, Dekalb County, Illinois

Source: Ownwell

$145,544

$224,239

$302,934

Median Clare Market Value

$223,052

Median Dekalb County Market Value

$185,016

Median Illinois Market Value

$194,700

Median United States Market Value

$244,900

Property Tax Assessment Values Across Clare, Dekalb County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
60111	$108,135	$147,547	$223,052	$311,327	$422,712

Source: Ownwell

Property Tax Bills Across Clare, Dekalb County, Illinois

In Clare, located in DeKalb County, IL, property tax bills are calculated based on the assessed value of a home, which is a percentage of the market value. The tax rate is applied to this assessed value to determine the final tax bill. Several factors influence this, including local tax levies and the specific needs of the community. Homeowners in Clare face a median property tax bill significantly higher than the national median, with the 25th percentile at $4,440 and the 75th percentile at $10,117. This can pose a substantial financial burden, especially when compared to the national median property tax bill of $2,400. Ownwell offers valuable assistance to homeowners by providing property tax appeal and exemption services. By evaluating your property's assessed value and ensuring it aligns with current market conditions, Ownwell can help you potentially reduce your tax bill. This not only eases the financial burden but also ensures that you are paying a fair amount relative to your property's actual value.

Property Tax Bills Across Clare, Dekalb County, Illinois

Source: Ownwell

$3,270

$5,340

$7,410

Median Clare Tax Bill

$6,277

Median Dekalb County Tax Bill

$5,206

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,690

Property Tax Bills Across Clare, Dekalb County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
60111	$2,658	$4,440	$6,277	$10,117	$14,056

Source: Ownwell