Morris, Grundy County, Illinois Property Taxes

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

Median Morris, IL effective property tax rate: 2.61%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Morris, IL home value: $152,614
Median annual Morris, IL tax bill: $3,977, $1,577 higher than the national median property tax bill of $2,400.

How are property taxes in Grundy calculated?

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

Last Updated March 1, 2025

Morris, Grundy County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.61%

Estimate Property Tax Bill

$3,983

$3,696

Ownwell’s Morris Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Morris with just two data points. By entering your property's estimated assessed value, our calculator applies Morris’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by Grundy 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 Morris, Grundy County, Illinois

Local government entities set tax rates, which can vary widely within a state. Why? Because 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 Morris’s effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S.

In Morris, located in Grundy County, the property tax rate is notably higher than the national median. With a median property tax rate of 2.61%, Morris stands out when compared to the national median property tax rate of 1.02%. This means homeowners in Morris may find themselves paying a significantly higher property tax bill than the national median of $2,400. Understanding these differences is crucial for property owners looking to manage their tax liabilities effectively. Whether you are a current homeowner or considering purchasing property in Morris, being informed about the local property tax landscape can aid in making financially sound decisions.

Property Tax Rates Across Morris, 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 Morris Tax Rate

2.61%

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 Morris, Grundy County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
60450	2.21%	2.42%	2.61%	2.64%	3.09%

Source: Ownwell

Property Tax Assessment Values Across Morris, Grundy County, Illinois

When examining property taxes in Morris, 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 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 Morris.

For example, the median home price in Morris is $152,614, with tax bills ranging significantly across the county. Zip code 60450 has the highest median home price at $152,614.

Property Tax Assessment Values Across Morris, Grundy County, Illinois

Source: Ownwell

$52,952

$138,277

$223,602

Median Morris Market Value

$152,614

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 Morris, Grundy County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
60450	$48,376	$102,278	$152,614	$211,878	$292,279

Source: Ownwell

Property Tax Bills Across Morris, Grundy County, Illinois

In Morris, 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. With a median home price of $152,614, property taxes can vary widely. The median tax bill is $3,977, significantly higher than the national median of $2,400. Factors influencing the tax bill include the property's assessed value and the local tax rate. In Morris, the tax bill at the 25th percentile is $2,749, while at the 75th percentile it rises to $5,658, and at the 90th percentile, it can reach as high as $7,860. This variability can significantly impact homeowners, making it crucial to ensure assessments are accurate. Ownwell assists homeowners by providing property tax appeal services, potentially lowering tax bills by ensuring fair assessments. By leveraging expertise in local tax laws and market trends, Ownwell helps homeowners navigate the complexities of property taxation, ultimately aiming to reduce financial burdens.

Property Tax Bills Across Morris, Grundy County, Illinois

Source: Ownwell

$1,077

$3,591

$6,104

Median Morris Tax Bill

$3,977

Median Grundy County Tax Bill

$3,869

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Morris, Grundy County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
60450	$1,505	$2,749	$3,977	$5,658	$7,860

Source: Ownwell