Channahon, Grundy County, Illinois Property Taxes

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

Median Channahon, IL effective property tax rate: 2.79%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Channahon, IL home value: $207,932
Median annual Channahon, IL tax bill: $5,799, $3,399 higher than the national median property tax bill of $2,400.

How are property taxes in Grundy County calculated?

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

Last Updated March 1, 2025

Channahon, Grundy County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.79%

Estimate Property Tax Bill

$5,801

$5,383

Ownwell’s Channahon Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Channahon with just two data points. By entering your property's estimated assessed value, our calculator applies Channahon’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 Grundy County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Channahon, Grundy County, Illinois

Local government entities set tax rates, which can vary widely within a state. 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 Channahon’s effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S. Channahon, located in Grundy County, has a median property tax rate of 2.79%. This rate is significantly higher than the national median property tax rate of 1.02%. However, it aligns with the highest and lowest median tax rates within the same zip code, showcasing the uniformity of tax rates in this area. Understanding these rates can help homeowners in Channahon anticipate their property tax obligations and consider potential savings through tax appeals or exemptions.

Property Tax Rates Across Channahon, Grundy County, Illinois

Source: Ownwell

1.70%

2.45%

3.20%

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 Channahon Taxx Rate

2.79%

Median Effective Grundy County Taxx Rate

2.61%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

0.99%

Property Tax Rates Across Channahon, Grundy County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
60410	2.73%	2.79%	2.79%	2.79%	2.79%

Source: Ownwell

Property Tax Assessment Values Across Channahon, Grundy County, Illinois

When examining property taxes in Channahon, 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 Grundy County Assessor's Office 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 Grundy County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Channahon.

For example, the median home price in Channahon is $207,932, with tax bills ranging significantly across the county. Zip code 60410 has the highest median home price at $207,932.

Property Tax Assessment Values Across Channahon, Grundy County, Illinois

Source: Ownwell

$52,952

$138,277

$223,602

Median Channahon Market Value

$207,932

Median Grundy County Market Value

$145,632

Median Illinois Market Value

$194,700

Median United States Market Value

$244,900

Property Tax Assessment Values Across Channahon, Grundy County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
60410	$48,549	$157,426	$207,932	$289,366	$326,486

Source: Ownwell

Property Tax Bills Across Channahon, Grundy County, Illinois

In Channahon, Grundy County, IL, property tax bills are calculated based on the assessed value of a property, which is determined by the local assessor. This assessed value is a percentage of the property's market value, and the tax rate is applied to this assessed value to determine the tax bill. The median property tax bill in Channahon stands at $5,799, significantly higher than the national median of $2,400. Factors such as local government budgets, school funding, and community services can influence the tax rate, impacting homeowners' financial responsibilities. Homeowners in Channahon face tax bills ranging from $4,390 at the 25th percentile to $9,105 at the 90th percentile, reflecting a considerable variance based on property values and tax rates within the area. Ownwell assists homeowners in Channahon by providing expert property tax appeal and exemption services. By analyzing property assessments and identifying discrepancies, Ownwell helps homeowners potentially reduce their tax bills, ensuring they pay only their fair share.

Property Tax Bills Across Channahon, Grundy County, Illinois

Source: Ownwell

$1,077

$3,591

$6,104

Median Channahon Tax Bill

$5,799

Median Grundy County Tax Bill

$3,869

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,690

Property Tax Bills Across Channahon, Grundy County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
60410	$1,309	$4,390	$5,799	$8,070	$9,105

Source: Ownwell