Dundee, Kane County, Illinois Property Taxes
Median Dundee, IL effective property tax rate: 2.44%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Dundee, IL home value: $360,954
Median annual Dundee, IL tax bill: $9,316, $6,916 higher than the national median property tax bill of $2,400.
How are property taxes in Kane calculated?
Property taxes in Dundee, 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 Dundee’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Dundee, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Dundee, Kane County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.44%
Estimate Property Tax Bill
$8,807
$8,173
Property Tax Rates Across Dundee, Kane County, Illinois
Local government entities are responsible for setting property tax rates, and these rates can differ significantly within a state. This variation occurs because each county calculates its budgetary needs for public services annually and then divides this amount by the total assessed value of all taxable properties within the county. This calculation determines the property tax rate for the year.
Though the process involves votes and legislation to finalize tax rates and budgets, this annual calculation is the core of how property taxes are determined. In Dundee, located in Kane County, you can compare its effective property tax rate with other cities in Illinois and the median property tax rates for both Illinois and the United States.
With a median property tax rate of 2.44%, Dundee's rate is significantly higher than the national median of 1.02%. This reflects the local government's budgetary requirements and the value of taxable properties in the area. Understanding these differences can be crucial for property owners looking to manage their tax liabilities effectively.
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 Dundee Taxx Rate
2.44%
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 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 Dundee, Kane County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60118 | 2.21% | 2.34% | 2.44% | 2.71% | 2.84% |
Source: Ownwell
Property Tax Assessment Values Across Dundee, Kane County, Illinois
When examining property taxes in Dundee, 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 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 Dundee.
For example, the median home price in Dundee is $360,954, with tax bills ranging significantly across the county. Zip code 60118 has the highest median home price at $360,954.
Property Tax Assessment Values Across Dundee, Kane County, Illinois
Source: Ownwell
$142,312
$365,554
$588,796
Median Dundee Market Value
$360,954
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 Dundee, Kane County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60118 | $188,655 | $305,063 | $360,954 | $417,494 | $504,030 |
Source: Ownwell
Property Tax Bills Across Dundee, Kane County, Illinois
Property tax bills in Dundee, Kane County, IL are determined by assessing the property's market value and applying the local tax rate. The median home price in Dundee is $360,954, and property tax bills vary significantly, with the 25th percentile at $7,102 and the 75th percentile reaching $10,739. The highest median tax bill in the area is $9,316, which is considerably above the national median property tax bill of $2,400. This disparity highlights the substantial financial impact on homeowners in Dundee, as they face one of the highest property tax burdens in the nation.
Factors affecting the tax bill include the assessed value of the home, which is influenced by market conditions and any improvements made to the property. Ownwell can assist homeowners in Dundee by providing expert property tax appeal and exemption services, potentially lowering their tax bills. By ensuring that properties are fairly assessed and identifying applicable exemptions, Ownwell helps homeowners achieve significant savings and reduce their financial burden.
Median Dundee Tax Bill
$9,316
Median Kane County Tax Bill
$6,484
Median Illinois Tax Bill
$4,715
Median United States Tax Bill
$2,690
Property Tax Bills Across Dundee, Kane County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60118 | $4,075 | $7,102 | $9,316 | $10,739 | $12,293 |
Source: Ownwell