Lee, Dekalb County, Illinois Property Taxes

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

Median LEE, IL effective property tax rate: 2.35%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median LEE, IL home value: $145,544
Median annual LEE, IL tax bill: $3,270, $870 higher than the national median property tax bill of $2,400.

How are property taxes in DeKalb calculated?

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

Last Updated March 1, 2025

Lee, Dekalb County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.35%

Estimate Property Tax Bill

$3,420

$3,174

Ownwell’s LEE Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in LEE with just two data points. By entering your property's estimated assessed value, our calculator applies LEE’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. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Lee, Dekalb County, Illinois

Local government entities are responsible for setting tax rates, which can vary significantly within Illinois. This is because each year, counties like DeKalb estimate the budget needed to provide essential services and divide that by the total value of all taxable property within their jurisdiction. This calculation determines the property tax rate for the area. Although the process involves votes and laws, this is the core of how property tax rates are set annually.

In Lee, located in DeKalb County, the effective property tax rate stands at 2.35%, which is notably higher than the national median property tax rate of 1.02%. This means that property owners in Lee are likely to face higher property tax bills compared to many other regions across the country. When compared to the median property tax rates in Illinois and the U.S., Lee's rate is at the higher end of the spectrum. Understanding these rates can be crucial for property owners considering an appeal or exemption to potentially reduce their tax burden.

Property Tax Rates Across Lee, 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 Lee Taxx Rate

2.35%

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 Lee, Dekalb County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
60530	1.94%	2.18%	2.35%	2.72%	2.87%

Source: Ownwell

Property Tax Assessment Values Across Lee, Dekalb County, Illinois

When examining property taxes in LEE, 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 April. 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 LEE.

For example, the median home price in LEE is $145,544, with tax bills ranging significantly across the county. Zip code 60530 has the highest median home price at $145,544.

Property Tax Assessment Values Across Lee, Dekalb County, Illinois

Source: Ownwell

$145,544

$224,239

$302,934

Median Lee Market Value

$145,544

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 Lee, Dekalb County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
60530	$82,010	$108,052	$145,544	$198,323	$280,460

Source: Ownwell

Property Tax Bills Across Lee, Dekalb County, Illinois

In Lee, property tax bills are calculated based on the assessed value of a home, which is determined by the DeKalb County tax assessor. The assessed value is a percentage of the property's market value, and this figure is multiplied by the local tax rate to determine the tax bill. Factors such as local government budgets and school district needs can influence the tax rate, impacting the final bill homeowners receive. In Lee, the median home price is $145,544, with property tax bills ranging significantly. For instance, the tax bill at the 25th percentile is $2,261, while at the 75th percentile, it rises to $4,754, and the 90th percentile reaches $7,943. This variation can pose a financial challenge for homeowners, especially when compared to the national median property tax bill of $2,400. Ownwell can assist homeowners by providing property tax appeal and exemption services, potentially reducing their tax burden. By analyzing property assessments and identifying discrepancies, Ownwell helps ensure that homeowners in Lee are not overpaying on their property taxes.

Property Tax Bills Across Lee, Dekalb County, Illinois

Source: Ownwell

$3,270

$5,340

$7,410

Median Lee Tax Bill

$3,270

Median Dekalb County Tax Bill

$5,206

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,690

Property Tax Bills Across Lee, Dekalb County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
60530	$1,652	$2,261	$3,270	$4,754	$7,943

Source: Ownwell