Dwight, Grundy County, Illinois Property Taxes

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

Median Dwight, IL effective property tax rate: 3.14%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Dwight, IL home value: $92,187
Median annual Dwight, IL tax bill: $3,378, $978 higher than the national median property tax bill of $2,400.

How are property taxes in Grundy calculated?

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

Last Updated March 1, 2025

Dwight, Grundy County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

3.14%

Estimate Property Tax Bill

$2,895

$2,686

Ownwell’s Dwight Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Dwight with just two data points. By entering your property's estimated assessed value, our calculator applies Dwight’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 Dwight, Grundy County, Illinois

Local government entities are responsible for setting property tax rates, leading to significant variations within a state. This is because each county, like Grundy, annually estimates its required budget for services and divides it by the total value of all taxable property in the area, resulting in the property tax rate. While votes and laws play a role, this summarizes the annual process. In Dwight, located in Grundy County, the effective property tax rate stands out when compared to other cities in Illinois. Interestingly, Dwight's rate is notably higher than the national median property tax rate of 1.02% and the median property tax bill of $2400. This highlights the importance of understanding local tax rates as they can significantly impact property owners. By comparing Dwight’s effective property tax rate to other cities in Illinois and the national average, property owners can gain a clearer perspective on their financial obligations. Understanding these variations is crucial for homeowners seeking to manage their expenses effectively.

Property Tax Rates Across Dwight, 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 Dwight Taxx Rate

3.14%

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 Dwight, Grundy County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
60420	2.43%	2.84%	3.14%	3.35%	3.56%

Source: Ownwell

Property Tax Assessment Values Across Dwight, Grundy County, Illinois

When examining property taxes in Dwight, 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 Dwight. For example, the median home price in Dwight is $92,187, with tax bills ranging significantly across the county. Zip code 60420 has the highest median home price at $92,187.

Property Tax Assessment Values Across Dwight, Grundy County, Illinois

Source: Ownwell

$52,952

$138,277

$223,602

Median Dwight Market Value

$92,187

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 Dwight, Grundy County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
60420	$20,944	$53,637	$92,187	$182,730	$290,123

Source: Ownwell

Property Tax Bills Across Dwight, Grundy County, Illinois

In Dwight, located in Grundy County, IL, property tax bills are determined by assessing the property's market value and applying the local tax rate. The median home price in Dwight is $92,187, and the property tax bill can vary significantly depending on the property's assessed value. For example, homeowners in the 25th percentile pay around $2,051, while those in the 75th percentile face bills as high as $6,366. The 90th percentile sees property tax bills reaching up to $9,104. These figures are notably higher than the national median property tax bill of $2,400, which can place a financial strain on homeowners. Ownwell offers a solution by providing property tax appeal and exemption services to help reduce these burdensome costs. By leveraging their expertise, Ownwell can assist homeowners in Dwight to potentially lower their assessed values and, consequently, their tax bills. This not only alleviates financial pressure but also ensures homeowners are not overpaying compared to the national median property tax rate of 1.02%.

Property Tax Bills Across Dwight, Grundy County, Illinois

Source: Ownwell

$1,077

$3,591

$6,104

Median Dwight Tax Bill

$3,378

Median Grundy County Tax Bill

$3,869

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,690

Property Tax Bills Across Dwight, Grundy County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
60420	$961	$2,051	$3,378	$6,366	$9,104

Source: Ownwell