Kane, Greene County, Illinois Property Taxes

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

Median Kane, IL effective property tax rate: 1.91%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Kane, IL home value: $46,714
Median annual Kane, IL tax bill: $758, $1,642 lower than the national median property tax bill of $2,400.

How are property taxes in Greene calculated?

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

Last Updated March 1, 2025

Kane, Greene County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.91%

Estimate Property Tax Bill

$892

$828

Ownwell’s Kane Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Kane with just two data points. By entering your property's estimated assessed value, our calculator applies Kane’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your 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 17061. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Kane, Greene County, Illinois

Local government entities set tax rates, which can vary widely within a state. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Kane’s effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S.

In Kane, located in Greene County, property owners face an effective tax rate of 1.91%, which is notably higher than the national median of 1.02%. This places Kane among the areas with the highest tax rates in Illinois, where the median tax rate also stands at 1.91%. This means property owners in Kane are likely to encounter higher tax bills compared to other regions. Understanding these rates can be crucial for property owners looking to manage their expenses effectively.

Property Tax Rates Across Kane, Greene County, Illinois

Source: Ownwell

1.60%

2.00%

2.41%

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 Kane Tax Rate

1.91%

Median Effective Greene County Tax Rate

2.00%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Kane, Greene County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62054	0.81%	1.41%	1.91%	2.59%	2.59%

Source: Ownwell

Property Tax Assessment Values Across Kane, Greene County, Illinois

When examining property taxes in Kane, 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 Greene 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 Greene 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 Kane. For example, the median home price in Kane is $46,714, with tax bills ranging significantly across the county. 62054 has the highest median home price at $46,714.

Property Tax Assessment Values Across Kane, Greene County, Illinois

Source: Ownwell

$12,179

$51,140

$90,100

Median Kane Market Value

$46,714

Median Greene County Market Value

$57,802

Median Illinois Market Value

$194,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Kane, Greene County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62054	$8,873	$23,745	$46,714	$70,494	$107,522

Source: Ownwell

Property Tax Bills Across Kane, Greene County, Illinois

In Kane, Illinois, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. This assessed value is a percentage of the home's market value. Homeowners in this region face a wide range of tax bills, with the 25th percentile at $296 and the 75th percentile reaching $1,362. The 90th percentile tax bill climbs to $2,230, surpassing the national median property tax bill of $2,400. These factors create a significant impact on homeowners, influencing affordability and overall financial planning.

Ownwell assists homeowners in Kane by providing expert property tax appeal services. By analyzing the assessed value and comparing it with similar properties, Ownwell identifies opportunities for tax reductions. This can lead to significant savings, especially for those facing higher tax bills. With Ownwell's expertise, homeowners can ensure their property taxes are fair and manageable, alleviating financial stress and enhancing their investment's value.

Property Tax Bills Across Kane, Greene County, Illinois

Source: Ownwell

$177

$857

$1,536

Median Kane Tax Bill

$758

Median Greene County Tax Bill

$1,090

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Kane, Greene County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62054	$145	$296	$758	$1,362	$2,230

Source: Ownwell