Willowbrook, Illinois Property Taxes
The median property tax rate in Willowbrook, IL is 1.66%, considerably higher than both the national median of 0.99% and the Illinois state median of 2.35%. With the median home value in Willowbrook at $220,800, the typical annual property tax bill reaches $3,618, exceeding the national median of $2,690. Property taxes in Willowbrook 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 Willowbrook'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 Willowbrook 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
Willowbrook, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.66%
Estimate Property Tax Bill
$3,665
$3,582
Ownwell’s Willowbrook Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Willowbrook with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Willowbrook 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 Willowbrook, Illinois
Property taxes in Willowbrook, Illinois, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Willowbrook is 1.66%, significantly higher than both the Illinois state median and the U.S. national median of 0.99%. Local government entities within Willowbrook set these rates annually, and they can vary significantly across different neighborhoods. Each year, Willowbrook 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 Willowbrook's effective property tax rate to other counties in Illinois and the national median. For comparison, the 60527 zip code has the highest median property tax rate of 1.66%, while the same zip code also has the lowest median tax rate of 1.66%. Understanding how these cities compare with Willowbrook 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 Willowbrook Tax Rate
1.66%
Average Dupage County Tax Rate
2.22%
Average Illinois Tax Rate
2.35%
Average United States Tax Rate
0.99%
Property Tax Rates Across Willowbrook, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60527 | 1.40% | 1.56% | 1.66% | 1.92% | 2.02% |
Source: Ownwell
Property Tax Assessment Values Across Willowbrook, Illinois
In Willowbrook, Illinois, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value represents 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 Willowbrook, 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. For instance, the median home price in Willowbrook is $220,800, with tax bills ranging from $2,078 at the 25th percentile to $10,010 at the 90th percentile. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Willowbrook, Illinois
Source: Ownwell
$2,760
$1,600,770
$3,198,780
Average Willowbrook Assessed Value
$220,800
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 Willowbrook, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60527 | $92,040 | $125,700 | $220,800 | $396,585 | $585,630 |
Source: Ownwell
Property Tax Bills Across Willowbrook, Illinois
In Willowbrook, located in DuPage County, IL, property tax bills are calculated based on the assessed value of the home, which is determined by the local assessor's office. The assessed value is typically a percentage of the market value of the property. For instance, if a home has a market value of $220,800, the assessed value will be a fraction of this amount, subject to local assessment ratios. The property tax rate, which in Willowbrook can vary, is then applied to the assessed value to determine the tax bill. For example, in Willowbrook, the median tax bill is $3,618, significantly higher than the national median property tax rate of 0.99%. Homeowners in the 25th percentile pay around $2,078, while those in the 75th percentile face bills of approximately $7,124. At the 90th percentile, tax bills can reach up to $10,010. These taxes fund essential local services such as schools, infrastructure, and emergency services, directly impacting the quality of life for residents.
Average Willowbrook Tax Bill
$3,618
Average Dupage County Tax Bill
$7,313
Average Illinois Tax Bill
$4,715
Average United States Tax Bill
$2,690
Property Tax Bills Across Willowbrook, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60527 | $1,331 | $2,078 | $3,618 | $7,124 | $10,010 |
Source: Ownwell