Carol Stream, Dupage County, Illinois Property Taxes

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

Median CAROL STREAM, IL effective property tax rate: 2.80%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median CAROL STREAM, IL home value: $279,990
Median annual CAROL STREAM, IL tax bill: $7,678, $5,278 higher than the national median property tax bill of $2,400.

How are property taxes in DuPage calculated?

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

Last Updated March 1, 2025

Carol Stream, Dupage County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.8%

Estimate Property Tax Bill

$7,840

$7,275

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

Property Tax Rates Across Carol Stream, Dupage County, Illinois

Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.

In Carol Stream, located in DuPage County, IL, property owners face an effective property tax rate of 2.80%. This rate is significantly higher than the national median property tax rate of 1.02%. The higher rate in Carol Stream reflects the local government's budgetary needs and the total assessed property values in the area.

For residents, this means a property tax bill that is potentially much higher than the national median of $2,400. Understanding these rates is crucial for property owners looking to manage their expenses. By comparing Carol Stream’s effective property tax rate to other cities in Illinois and the U.S., homeowners can gain insight into how their tax responsibilities measure up on both a state and national level.

Property Tax Rates Across Carol Stream, Dupage County, Illinois

Source: Ownwell

1.32%

2.17%

3.03%

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 Carol Stream Tax Rate

2.80%

Median Effective Dupage County Tax Rate

2.22%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Carol Stream, Dupage County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
60188	2.23%	2.55%	2.80%	2.89%	2.92%

Source: Ownwell

Property Tax Assessment Values Across Carol Stream, Dupage County, Illinois

When examining property taxes in Carol Stream, 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 DuPage County Assessor's Office 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 DuPage 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 Carol Stream. For example, the median home price in Carol Stream is $279,990, with tax bills ranging significantly across the county. The zip code 60188 has the highest median home price at $279,990.

Property Tax Assessment Values Across Carol Stream, Dupage County, Illinois

Source: Ownwell

$72,210

$441,000

$809,790

Median Carol Stream Market Value

$279,990

Median Dupage County Market Value

$319,350

Median Illinois Market Value

$194,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Carol Stream, Dupage County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
60188	$167,790	$218,955	$279,990	$338,745	$395,790

Source: Ownwell

Property Tax Bills Across Carol Stream, Dupage County, Illinois

In Carol Stream, DuPage County, IL, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. The local tax rate is then applied to this assessed value to determine the tax bill. Factors such as location, home size, and local government budgets influence the tax rate. Homeowners in Carol Stream experience median property tax bills significantly higher than the national median of $2,400, with amounts ranging from $5,683 at the 25th percentile to $11,088 at the 90th percentile. The median home price in the area is $279,990, highlighting the financial impact on homeowners. Ownwell assists homeowners by providing property tax appeal services, potentially reducing their tax burden. By analyzing property assessments and market conditions, Ownwell identifies discrepancies and files appeals on behalf of homeowners. This service can lead to substantial savings, ensuring homeowners pay only their fair share of property taxes.

Property Tax Bills Across Carol Stream, Dupage County, Illinois

Source: Ownwell

$1,758

$7,802

$13,846

Median Carol Stream Tax Bill

$7,678

Median Dupage County Tax Bill

$7,313

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Carol Stream, Dupage County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
60188	$4,055	$5,683	$7,678	$9,488	$11,088

Source: Ownwell