St Charles, Illinois Property Taxes
The median property tax rate in St. Charles, IL is 2.41%, considerably higher than both the national median of 0.99% and the Illinois state median of 2.35%. With the median home value in St. Charles, the typical annual property tax bill reaches $691, which is significantly lower than the national median of $2,690. Property taxes in St. Charles 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 St. Charles'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 St. Charles 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
St Charles, Illinois Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
2.35%
Estimate Property Tax Bill
$4,700
Ownwell’s ST CHARLES Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in ST CHARLES with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in ST CHARLES 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 the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across St Charles, Illinois
Property taxes in St. Charles, Illinois, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in St. Charles is 2.41%, significantly higher than both the Illinois state median and the U.S. national median of 0.99%. Local government entities within St. Charles set these rates annually, and they can vary significantly across different neighborhoods. Each year, St. Charles 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 St. Charles's effective property tax rate to other counties in Illinois and the national median. For comparison, the zip code 60174 has the highest median property tax rate of 2.41%, while the same zip code also has the lowest median tax rate of 2.41%. Understanding how these areas compare with St. Charles 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 St Charles Tax Rate
2.41%
Average Dupage County Tax Rate
2.22%
Average Illinois Tax Rate
2.35%
Average United States Tax Rate
0.99%
Property Tax Rates Across St Charles, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60174 | 2.41% | 2.41% | 2.41% | 2.43% | 2.45% |
Source: Ownwell
Property Tax Assessment Values Across St Charles, Illinois
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in ST CHARLES, IL. 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 Appraisal District 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 ST CHARLES, 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. Being aware of these valuation processes in ST CHARLES helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 60174, while the lowest is also 60174, both at $691.
Average St Charles Assessed Value
$28,650
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 St Charles, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60174 | $6,474 | $14,790 | $28,650 | $126,345 | $184,962 |
Source: Ownwell
Property Tax Bills Across St Charles, Illinois
Property tax bills in St. Charles, located in DuPage County, IL, are calculated based on the assessed value of the property. The assessment is typically a percentage of the property's market value, which is determined by the county assessor's office. Once the assessed value is established, the local tax rate is applied to calculate the annual tax bill. Factors influencing the tax bill include the property's location, size, and any applicable exemptions or abatements. In St. Charles, the median home price stands at $28,650, with property tax bills varying significantly. For instance, the 25th percentile tax bill is $357, while the 75th percentile reaches $3,048, and the 90th percentile climbs to $4,462. The highest median tax bill in the area is $691, found in the 60174 zip code. For homeowners, these taxes fund essential services such as schools, public safety, and infrastructure. Compared to the national median property tax rate of 0.99%, the rates in St. Charles can have a considerable impact on household budgets, emphasizing the importance of accurate assessments and potential appeals.
Average St Charles Tax Bill
$691
Average Dupage County Tax Bill
$7,313
Average Illinois Tax Bill
$4,715
Average United States Tax Bill
$2,690
Property Tax Bills Across St Charles, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60174 | $157 | $357 | $691 | $3,048 | $4,462 |
Source: Ownwell