Glen Ellyn, Illinois Property Taxes
The median property tax rate in Glen Ellyn, IL is 2.38%, considerably higher than both the national median of 0.99% and the Illinois state median of 2.35%. With the median home value in Glen Ellyn at $397,200, the typical annual property tax bill reaches $9,296, far exceeding the national median of $2,690. Property taxes in Glen Ellyn are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Glen Ellyn's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Glen Ellyn or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Glen Ellyn, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.38%
Estimate Property Tax Bill
$9,453
$8,772
Ownwell’s Glen Ellyn Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Glen Ellyn with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Glen Ellyn to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by DuPage County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Glen Ellyn, Illinois
Property taxes in Glen Ellyn, Illinois, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Glen Ellyn is 2.38%, significantly higher than both the Illinois state median and the U.S. national median of 0.99%. Local government entities within Glen Ellyn set these rates annually, and they can vary significantly across different neighborhoods. Each year, Glen Ellyn estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Glen Ellyn's effective property tax rate to other counties in Illinois and the national median. For comparison, the 60137 zip code has the highest median property tax rate of 2.38%, while the same 60137 zip code also has the lowest median tax rate of 2.38%. Understanding how these cities compare with Glen Ellyn provides valuable insights into the varying tax landscape across DuPage County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Glen Ellyn Tax Rate
2.38%
Average Dupage County Tax Rate
2.22%
Average Illinois Tax Rate
2.35%
Average United States Tax Rate
0.99%
Property Tax Rates Across Glen Ellyn, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60137 | 2.12% | 2.27% | 2.38% | 2.44% | 2.50% |
Source: Ownwell
Property Tax Assessment Values Across Glen Ellyn, Illinois
In Glen Ellyn, Illinois, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the DuPage County Assessor for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Glen Ellyn, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Glen Ellyn's median home price is $397,200, with tax bills ranging from $6,577 at the 25th percentile to $19,467 at the 90th percentile. The zip code 60137 has both the highest and lowest median tax bill at $9,296. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Glen Ellyn Assessed Value
$397,200
Average Dupage County Assessed Value
$319,350
Average Illinois Assessed Value
$194,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Glen Ellyn, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60137 | $154,254 | $278,310 | $397,200 | $570,240 | $796,788 |
Source: Ownwell
Property Tax Bills Across Glen Ellyn, Illinois
Property tax bills in Glen Ellyn, located in DuPage County, IL, are calculated based on the assessed value of the property. The assessed value is determined by the local assessor's office and is typically a percentage of the property's market value. For instance, in Glen Ellyn, the median home price is $397,200. The tax rate is then applied to this assessed value to calculate the tax bill. Various factors influence the final tax bill, including the property's location, size, and any applicable exemptions. For example, the tax bill for properties in the 25th percentile is around $6,577, while those in the 75th percentile can reach up to $13,629. At the 90th percentile, homeowners might see tax bills as high as $19,467. These amounts are significantly higher than the national median property tax rate of 0.99%, reflecting the higher property values and tax rates in the region. For homeowners, this means that property taxes can be a substantial part of their annual expenses, influencing decisions about buying, selling, and maintaining property in Glen Ellyn.
Average Glen Ellyn Tax Bill
$9,296
Average Dupage County Tax Bill
$7,313
Average Illinois Tax Bill
$4,715
Average United States Tax Bill
$2,690
Property Tax Bills Across Glen Ellyn, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60137 | $3,240 | $6,577 | $9,296 | $13,629 | $19,467 |
Source: Ownwell