Aurora, Kane County, Illinois Property Taxes

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

Median Aurora, IL effective property tax rate: 2.53%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Aurora, IL home value: $177,898
Median annual Aurora, IL tax bill: $4,305, $1,905 higher than the national median property tax bill of $2,400.

How are property taxes in Kane calculated?

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

Last Updated March 1, 2025

Aurora, Kane County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.53%

Estimate Property Tax Bill

$4,501

$4,177

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

Property Tax Rates Across Aurora, Kane County, Illinois

Local government entities set property tax rates, which can vary significantly within Illinois. Each year, counties estimate their necessary budget to provide services, dividing that by the total value of all taxable property within their 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.

In Aurora, located in Kane County, the effective property tax rate is notably higher than the national median of 1.02%. Illinois itself has a median property tax rate of 2.53%, one of the highest in the nation. Within Aurora, tax rates can fluctuate, with some areas reaching as high as 2.80% and others as low as 2.23%. This variance highlights the importance of understanding local tax dynamics, as even within the same city, property tax obligations can differ substantially. Comparing Aurora's rates to other cities in Illinois and the national median underscores the significance of these local rates and the potential impact on homeowners' finances.

Property Tax Rates Across Aurora, Kane County, Illinois

Source: Ownwell

2.23%

2.57%

2.91%

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 Aurora Taxx Rate

2.53%

Median Effective Kane County Taxx Rate

2.60%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

0.99%

Property Tax Rates Across Aurora, Kane County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
60502	2.12%	2.31%	2.80%	3.05%	3.08%
60503	N/A	N/A	N/A	N/A	N/A
60504	2.19%	2.27%	2.34%	2.53%	2.53%
60505	1.70%	2.04%	2.23%	2.53%	2.53%
60506	2.25%	2.55%	2.68%	2.78%	2.95%

Source: Ownwell

Property Tax Assessment Values Across Aurora, Kane County, Illinois

When examining property taxes in Aurora, 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 Kane County assessment 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. Assessment notices: Kane 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 Aurora. For example, the median home price in Aurora is $177,898, with tax bills ranging significantly across the county. 60502 has the highest median home price at $347,551.

Property Tax Assessment Values Across Aurora, Kane County, Illinois

Source: Ownwell

$142,312

$365,554

$588,796

Median Aurora Market Value

$177,898

Median Kane County Market Value

$253,745

Median Illinois Market Value

$194,700

Median United States Market Value

$244,900

Property Tax Assessment Values Across Aurora, Kane County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
60502	$232,833	$276,510	$347,551	$392,464	$438,723
60503	N/A	N/A	N/A	N/A	N/A
60504	$150,627	$172,632	$208,475	$250,303	$273,682
60505	$96,041	$115,855	$142,312	$178,540	$228,016
60506	$129,908	$164,445	$204,094	$259,295	$308,817

Source: Ownwell

Property Tax Bills Across Aurora, Kane County, Illinois

In Aurora, Illinois, property tax bills are determined by assessing the fair market value of a home and applying the local tax rate. The median home price in Aurora is $177,898, and property tax bills vary significantly across different areas. For instance, the lowest median tax bill in the region is $3,136, while the highest reaches $8,768, notably in the 60502 zip code. These figures are considerably higher than the national median property tax bill of $2,400. Factors such as location, property size, and local government budgets influence the assessed value and resulting tax bill. This can place a financial burden on homeowners, making it essential to ensure that assessments are accurate and fair. Ownwell assists homeowners by providing property tax appeal and exemption services. By reviewing assessments and identifying discrepancies, Ownwell can help reduce tax liabilities, potentially saving homeowners thousands of dollars. This service is invaluable for those looking to manage their property tax expenses effectively.

Property Tax Bills Across Aurora, Kane County, Illinois

Source: Ownwell

$3,136

$9,682

$16,228

Median Aurora Tax Bill

$4,305

Median Kane County Tax Bill

$6,484

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,690

Property Tax Bills Across Aurora, Kane County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
60502	$4,932	$7,021	$8,768	$11,059	$13,454
60503	N/A	N/A	N/A	N/A	N/A
60504	$3,480	$3,954	$4,850	$5,948	$7,426
60505	$1,761	$2,405	$3,136	$4,012	$5,152
60506	$2,897	$4,165	$5,320	$6,922	$8,601

Source: Ownwell