Big Rock, Kane County, Illinois Property Taxes

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

Median Big Rock, IL effective property tax rate: 2.30%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Big Rock, IL home value: $268,628
Median annual Big Rock, IL tax bill: $6,097, $3,697 higher than the national median property tax bill of $2,400.

How are property taxes in Kane calculated?

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

Last Updated March 1, 2025

Big Rock, Kane County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.3%

Estimate Property Tax Bill

$6,178

$5,733

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

Local government entities are responsible for setting tax rates, leading to significant variations across a state. This occurs because each county annually calculates its budgetary needs to provide essential services, dividing this by the total value of all taxable properties within its jurisdiction. This calculation determines the property tax rate. While the process involves votes and legislative measures, this is the core of how tax rates are established each year.

In Big Rock, located in Kane County, property tax rates are notably higher than the national median property tax rate of 1.02%. In fact, Big Rock shares the highest median tax rate in Illinois at 2.30%, which is more than double the national average. This makes it crucial for property owners in Big Rock to be proactive in understanding their property tax obligations and seeking potential appeals or exemptions. By comparing Big Rock's effective property tax rate with other cities in Illinois, as well as state and national medians, property owners can gain insights into their tax responsibilities and explore opportunities to reduce their tax burden effectively.

Property Tax Rates Across Big Rock, 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 Big Rock Tax Rate

2.30%

Median Effective Kane County Tax Rate

2.60%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Big Rock, Kane County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
60511	2.12%	2.23%	2.30%	2.43%	2.55%

Source: Ownwell

Property Tax Assessment Values Across Big Rock, Kane County, Illinois

When examining property taxes in Big Rock, 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 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 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 Big Rock.

For example, the median home price in Big Rock is $268,628, with tax bills ranging significantly across the county. Zip code 60511 has the highest median home price at $268,628.

Property Tax Assessment Values Across Big Rock, Kane County, Illinois

Source: Ownwell

$142,312

$365,554

$588,796

Median Big Rock Market Value

$268,628

Median Kane County Market Value

$253,745

Median Illinois Market Value

$194,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Big Rock, Kane County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
60511	$175,360	$214,501	$268,628	$338,134	$450,341

Source: Ownwell

Property Tax Bills Across Big Rock, Kane County, Illinois

In Big Rock, located in Kane 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. With a median home price of $268,628, homeowners in Big Rock face property tax bills that vary widely. The tax bill at the 25th percentile is $4,947, while it rises to $7,699 at the 75th percentile, and reaches $10,380 at the 90th percentile. The median tax bill in the area stands at $6,097, significantly higher than the national median of $2,400. This disparity highlights the financial burden on homeowners, making effective tax management crucial. Ownwell assists homeowners by identifying potential savings through appealing assessed values and ensuring applicable exemptions are claimed. By leveraging expert knowledge of local tax regulations, Ownwell can help reduce property tax bills, providing substantial financial relief to homeowners in Big Rock.

Property Tax Bills Across Big Rock, Kane County, Illinois

Source: Ownwell

$3,136

$9,682

$16,228

Median Big Rock Tax Bill

$6,097

Median Kane County Tax Bill

$6,484

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Big Rock, Kane County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
60511	$3,997	$4,947	$6,097	$7,699	$10,380

Source: Ownwell