Carpentersville, Kane County, Illinois Property Taxes

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

Median Carpentersville, IL effective property tax rate: 2.63%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Carpentersville, IL home value: $182,846
Median annual Carpentersville, IL tax bill: $4,778, $2,378 higher than the national median property tax bill of $2,400.

How are property taxes in Kane County calculated?

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

Last Updated March 1, 2025

Carpentersville, Kane County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.63%

Estimate Property Tax Bill

$4,809

$4,462

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

Local government entities are responsible for setting property tax rates, which can differ significantly within a state. This variation occurs because each county calculates its necessary budget for services annually and divides this by the total value of all taxable property within the area. This forms the property tax rate. Even though votes and laws play a role in determining these rates and budgets, this is essentially the yearly procedure. Carpentersville in Kane County, Illinois, presents an interesting case for property taxes. Carpentersville's effective property tax rate stands at 2.63%, which is notably higher than the national median property tax rate of 1.02%. This places Carpentersville at the higher end of the spectrum, given that the median property tax rate in Illinois also aligns with this rate. Homeowners in Carpentersville may find their property tax bills significantly higher than the national median property tax bill of $2,400. Comparing Carpentersville's property tax rate with other cities in Illinois and the U.S. can provide valuable insights for property owners and prospective buyers.

Property Tax Rates Across Carpentersville, 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 Carpentersville Taxx Rate

2.63%

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 Carpentersville, Kane County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
60110	2.36%	2.56%	2.63%	2.76%	2.90%

Source: Ownwell

Property Tax Assessment Values Across Carpentersville, Kane County, Illinois

When examining property taxes in Carpentersville, 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. Assessment notices: In Kane 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 Carpentersville. For example, the median home price in Carpentersville is $182,846, with tax bills ranging significantly across the county. Zip code 60110 has the highest median home price at $182,846.

Property Tax Assessment Values Across Carpentersville, Kane County, Illinois

Source: Ownwell

$142,312

$365,554

$588,796

Median Carpentersville Market Value

$182,846

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 Carpentersville, Kane County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
60110	$145,086	$159,684	$182,846	$234,497	$313,048

Source: Ownwell

Property Tax Bills Across Carpentersville, Kane County, Illinois

In Carpentersville, Kane County, IL, property tax bills are primarily determined by the assessed value of the home, which is based on a percentage of the market value. The local tax rate is then applied to this assessed value to calculate the annual tax bill. With a median home price of $182,846, homeowners in the area face a median property tax bill of $4,778. This figure is significantly higher than the national median property tax bill of $2,400, reflecting the local tax rate's impact. Factors such as property size, location, and improvements can influence the assessed value, thereby affecting the tax bill. Homeowners may find these taxes burdensome, particularly when compared to the national median property tax rate of 1.02%. Ownwell offers a solution by helping homeowners appeal their property tax assessments and explore exemptions, potentially reducing their tax bills. By leveraging expertise and local market knowledge, Ownwell assists homeowners in navigating the complexities of property tax regulations, ensuring they pay only what is necessary.

Property Tax Bills Across Carpentersville, Kane County, Illinois

Source: Ownwell

$3,136

$9,682

$16,228

Median Carpentersville Tax Bill

$4,778

Median Kane County Tax Bill

$6,484

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,690

Property Tax Bills Across Carpentersville, Kane County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
60110	$3,444	$4,110	$4,778	$6,189	$8,502

Source: Ownwell