Eola, Dupage County, Illinois Property Taxes
Median Eola, IL effective property tax rate: 2.07%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Eola, IL home value: $72,210
Median annual Eola, IL tax bill: $1,758, $642 lower than the national median property tax bill of $2,400.
How are property taxes in DuPage calculated?
Property taxes in Eola, 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 Eola’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Eola, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Eola, Dupage County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.07%
Estimate Property Tax Bill
$1,495
$1,387
Property Tax Rates Across Eola, Dupage County, Illinois
Local government entities in Illinois set property tax rates, which can vary significantly within the state. This variation is largely due to each county's annual budgeting process. Counties estimate the funds needed to provide essential services and then divide that amount by the total assessed value of all taxable property within their jurisdiction. This calculation determines the property tax rate for the year. While the process involves votes and legislation to finalize tax rates and budgets, this is the fundamental method used annually.
In Eola, located in DuPage County, the effective property tax rate stands at 2.07%, which is notably higher than the national median of 1.02%. This rate is consistent across the county, with both the highest and lowest rates being the same. Compared to the national median property tax bill of $2,400, residents in Eola may find their property tax bills to be significantly higher. Understanding these rates is crucial for property owners who wish to appeal or seek exemptions, as it directly impacts their annual expenses.
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 Eola Tax Rate
2.07%
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 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 Eola, Dupage County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60519 | 1.78% | 1.87% | 2.07% | 2.07% | 2.07% |
Source: Ownwell
Property Tax Assessment Values Across Eola, Dupage County, Illinois
When examining property taxes in Eola, 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 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 Eola. For example, the median home price in Eola is $72,210, with tax bills ranging significantly across the county. Zip code 60519 has the highest median home price at $72,210.
Property Tax Assessment Values Across Eola, Dupage County, Illinois
Source: Ownwell
$72,210
$441,000
$809,790
Median Eola Market Value
$72,210
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 Eola, Dupage County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60519 | $23,688 | $26,520 | $72,210 | $191,745 | $265,032 |
Source: Ownwell
Property Tax Bills Across Eola, Dupage County, Illinois
In Eola, located in DuPage County, IL, property tax bills are calculated based on a combination of the assessed value of a home and the local tax rate. The assessed value is a percentage of the market value, and the local government sets the tax rate to meet budget needs. This region's property tax rates can result in varying bills, with the 25th percentile at $598 and the 75th percentile reaching $3,654. The highest median tax bill in the area is $1,758, which is notably lower than the national median property tax bill of $2,400. These taxes fund essential services like schools and infrastructure, directly impacting homeowners' finances.
Ownwell offers a valuable service to homeowners by helping them appeal their property tax assessments. By reviewing and potentially reducing the assessed value, Ownwell can lower the tax burden for homeowners. This service is especially beneficial in areas like Eola, where understanding the intricacies of property tax assessments can lead to significant savings. With Ownwell's expertise, homeowners can ensure they are not overpaying on their property taxes.
Median Eola Tax Bill
$1,758
Median Dupage County Tax Bill
$7,313
Median Illinois Tax Bill
$4,715
Median United States Tax Bill
$2,400
Property Tax Bills Across Eola, Dupage County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60519 | $548 | $598 | $1,758 | $3,654 | $5,473 |
Source: Ownwell