Gardner, Grundy County, Illinois Property Taxes
Median Gardner, IL effective property tax rate: 2.74%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Gardner, IL home value: $117,171
Median annual Gardner, IL tax bill: $3,519, $1,119 higher than the national median property tax bill of $2,400.
How are property taxes in Grundy calculated?
Property taxes in Gardner, 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 Gardner’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Gardner, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Gardner, Grundy County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.74%
Estimate Property Tax Bill
$3,210
$2,979
Property Tax Rates Across Gardner, Grundy County, Illinois
Local government entities set tax rates, which can vary widely within a state. This variability arises because each county annually estimates its required budget to provide essential services and then divides this amount by the total assessed value of all taxable property within its jurisdiction. This calculation results in the property tax rate. Though there are votes and laws involved in setting these rates and budgets, this is the annual process in a nutshell.
In Gardner, located in Grundy County, the effective property tax rate is 2.74%, which is notably higher than the national median property tax rate of 1.02%. This rate places Gardner among the higher tax rates in Illinois, where property tax rates can fluctuate significantly across different regions. For homeowners, this means that tax bills can vary considerably depending on the locality within the state. Comparing Gardner’s property tax rate to the national average highlights the importance of understanding local tax obligations and seeking potential exemptions or appeals to manage property tax expenses effectively.
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 Gardner Tax Rate
2.74%
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 Grundy County Tax Rate
2.61%
Median Effective Illinois Tax Rate
2.35%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Gardner, Grundy County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60424 | 2.56% | 2.73% | 2.74% | 3.21% | 3.42% |
Source: Ownwell
Property Tax Assessment Values Across Gardner, Grundy County, Illinois
When examining property taxes in Gardner, 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 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.
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 Gardner. For example, the median home price in Gardner is $117,171, with tax bills ranging significantly across the county. 60424 has the highest median home price at $117,171.
Property Tax Assessment Values Across Gardner, Grundy County, Illinois
Source: Ownwell
$52,952
$138,277
$223,602
Median Gardner Market Value
$117,171
Median Grundy County Market Value
$145,632
Median Illinois Market Value
$194,700
Median United States Market Value
$235,294
Property Tax Assessment Values Across Gardner, Grundy County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60424 | $31,996 | $63,704 | $117,171 | $180,033 | $253,318 |
Source: Ownwell
Property Tax Bills Across Gardner, Grundy County, Illinois
In Gardner, located in Grundy County, IL, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. Factors such as local government budgets, school funding needs, and public services influence the tax rate. Homeowners in Gardner face a median tax bill of $3,519, which is significantly higher than the national median of $2,400. For some, tax bills can reach up to $8,410, placing a notable financial burden on residents.
Ownwell offers a solution for homeowners looking to reduce their property tax bills. By providing professional property tax appeal services, Ownwell helps identify discrepancies in property assessments that may lead to overpayment. Our team of experts works to ensure that homeowners receive fair assessments, potentially saving them hundreds to thousands of dollars annually. This service not only alleviates financial pressure but also ensures peace of mind for property owners.
Median Gardner Tax Bill
$3,519
Median Grundy County Tax Bill
$3,869
Median Illinois Tax Bill
$4,715
Median United States Tax Bill
$2,400
Property Tax Bills Across Gardner, Grundy County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60424 | $898 | $1,909 | $3,519 | $5,684 | $8,410 |
Source: Ownwell