Minooka, Grundy County, Illinois Property Taxes

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

Median Minooka, IL effective property tax rate: 2.67%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Minooka, IL home value: $171,360
Median annual Minooka, IL tax bill: $4,644, $2,244 higher than the national median property tax bill of $2,400.

How are property taxes in Grundy calculated?

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

Last Updated March 1, 2025

Minooka, Grundy County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.67%

Estimate Property Tax Bill

$4,575

$4,246

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

Local government entities set tax rates, which can vary widely within a state due to each county's budgetary needs. Annually, counties estimate their required budget to provide services and divide that by the total value of all taxable property within their jurisdiction, resulting in the property tax rate. Although votes and laws play a role in setting these rates and budgets, this is essentially how the process works each year. In Minooka, located in Grundy County, Illinois, the effective property tax rate stands out when compared to other cities in Illinois and the national median. With a median property tax rate of 2.67%, Minooka's rate is significantly higher than the national median of 1.02%. This places a substantial burden on property owners, as the local rate is among the highest in the state. Understanding these differences is crucial for property owners considering an appeal or seeking exemptions. By comparing Minooka’s effective property tax rate to the national and state medians, property owners can better understand their tax obligations and explore potential savings.

Property Tax Rates Across Minooka, 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 Minooka Taxx Rate

2.67%

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 Minooka, Grundy County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
60447	2.67%	2.67%	2.67%	2.67%	2.69%

Source: Ownwell

Property Tax Assessment Values Across Minooka, Grundy County, Illinois

When examining property taxes in Minooka, Illinois, 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 the season. 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 Minooka. For example, the median home price in Minooka is $171,360, with tax bills ranging significantly across the county. Zip code 60447 has the highest median home price at $171,360.

Property Tax Assessment Values Across Minooka, Grundy County, Illinois

Source: Ownwell

$52,952

$138,277

$223,602

Median Minooka Market Value

$171,360

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 Minooka, Grundy County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
60447	$102,690	$144,696	$171,360	$222,504	$290,793

Source: Ownwell

Property Tax Bills Across Minooka, Grundy County, Illinois

In Minooka, located in Grundy County, IL, property tax bills are calculated based on the assessed value of a home, which is a percentage of the market value. The median home price in Minooka is $171,360. Property tax rates are applied to this assessed value, resulting in a tax bill that varies depending on several factors, including local tax rates and any applicable exemptions. Homeowners in Minooka typically face tax bills ranging from $3,915 at the 25th percentile to $7,979 at the 90th percentile, with a median tax bill of $4,644. This is significantly higher than the national median property tax bill of $2,400. High property taxes can be a financial burden for homeowners. Ownwell offers services to help homeowners in Minooka reduce their property tax bills by identifying potential savings through appeals and exemptions. By leveraging expert knowledge of local tax laws and assessment practices, Ownwell can potentially lower the financial burden on homeowners, ensuring they pay only their fair share.

Property Tax Bills Across Minooka, Grundy County, Illinois

Source: Ownwell

$1,077

$3,591

$6,104

Median Minooka Tax Bill

$4,644

Median Grundy County Tax Bill

$3,869

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,690

Property Tax Bills Across Minooka, Grundy County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
60447	$3,389	$3,915	$4,644	$6,114	$7,979

Source: Ownwell