Downers Grove, Dupage County, Illinois Property Taxes

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

Median Downers Grove, IL effective property tax rate: 1.86%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%. Median Downers Grove, IL home value: $368,490. Median annual Downers Grove, IL tax bill: $6,847, $4,447 higher than the national median property tax bill of $2,400.

How are property taxes in DuPage County calculated?

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

Last Updated March 1, 2025

Downers Grove, Dupage County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.86%

Estimate Property Tax Bill

$6,854

$6,360

Ownwell’s Downers Grove Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Downers Grove with just two data points.

By entering your property's estimated assessed value, our calculator applies Downers Grove’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by DuPage 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 Downers Grove, Dupage County, Illinois

Local government entities set tax rates, which can vary widely within a state. This variation arises because each county annually estimates its required budget to provide essential services and divides that amount by the total value of all taxable property within its jurisdiction. This calculation determines the property tax rate. While votes and laws play a role in setting these rates and budgets, this is essentially the annual process. In Downers Grove, located in DuPage County, IL, the effective property tax rate is 1.86%. When compared to the national median property tax rate of 1.02%, Downers Grove's rate is notably higher. This rate also reflects the highest and lowest median tax rates within the area, as both the zip codes 60515 and 60516 report the same percentage. Understanding these rates is crucial for property owners, as they directly influence the annual property tax bill. By comparing Downers Grove’s rate to the national median, property owners can better assess their property tax obligations and explore potential avenues for appeals or exemptions.

Property Tax Rates Across Downers Grove, 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 Downers Grove Taxx Rate

1.86%

Median Effective Dupage County Taxx Rate

2.22%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

0.99%

Property Tax Rates Across Downers Grove, Dupage County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
60439	N/A	N/A	N/A	N/A	N/A
60515	1.63%	1.79%	1.86%	1.91%	1.96%
60516	1.69%	1.79%	1.86%	1.90%	2.00%

Source: Ownwell

Property Tax Assessment Values Across Downers Grove, Dupage County, Illinois

When examining property taxes in Downers Grove, 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 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.

Assessment notices in DuPage County 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 Downers Grove. For example, the median home price in Downers Grove is $368,490, with tax bills ranging significantly across the county. Zip code 60515 has the highest median home price at $375,975.

Property Tax Assessment Values Across Downers Grove, Dupage County, Illinois

Source: Ownwell

$72,210

$441,000

$809,790

Median Downers Grove Market Value

$368,490

Median Dupage County Market Value

$319,350

Median Illinois Market Value

$194,700

Median United States Market Value

$244,900

Property Tax Assessment Values Across Downers Grove, Dupage County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
60439	N/A	N/A	N/A	N/A	N/A
60515	$100,380	$250,942	$375,975	$545,092	$811,869
60516	$147,270	$259,185	$364,470	$436,800	$556,245

Source: Ownwell

Property Tax Bills Across Downers Grove, Dupage County, Illinois

In Downers Grove, IL, property tax bills are determined by assessing the property's value and applying the local tax rate. The assessed value is a percentage of the property's market value, which is then multiplied by the tax rate set by DuPage County. Factors such as location, property size, and improvements can influence this assessed value. Downers Grove homeowners face significant property tax obligations, with a median tax bill of $6,881 in the 60515 zip code, compared to the national median of $2,400. The 25th percentile tax bill is $4,507, while the 75th percentile reaches $9,019, and the 90th percentile climbs to $12,921. These figures highlight the financial impact on homeowners, potentially straining budgets. Ownwell provides a solution by offering expert property tax appeal services. By reviewing assessments and identifying discrepancies, Ownwell can help homeowners reduce their tax burden. This service ensures that property taxes are fair, potentially saving homeowners thousands of dollars annually.

Property Tax Bills Across Downers Grove, Dupage County, Illinois

Source: Ownwell

$1,758

$7,802

$13,846

Median Downers Grove Tax Bill

$6,847

Median Dupage County Tax Bill

$7,313

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,690

Property Tax Bills Across Downers Grove, Dupage County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
60439	N/A	N/A	N/A	N/A	N/A
60515	$1,658	$4,453	$6,881	$10,193	$15,467
60516	$2,636	$4,546	$6,831	$8,272	$10,674

Source: Ownwell