Huntley, Kane County, Illinois Property Taxes
Median Huntley, IL effective property tax rate: 2.34%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Huntley, IL home value: $270,996
Median annual Huntley, IL tax bill: $6,152, $3,752 higher than the national median property tax bill of $2,400.
How are property taxes in Kane calculated?
Property taxes in Huntley, 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 Huntley’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Huntley, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Huntley, Kane County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.34%
Estimate Property Tax Bill
$6,341
$5,885
Property Tax Rates Across Huntley, Kane County, Illinois
Local government entities in Illinois set property tax rates, and these can vary significantly across different areas. This variation is due to each county's annual calculation of its budgetary needs, which is then divided by the total assessed value of all taxable property within the county. This process determines the property tax rate. While votes and legislation influence these rates and budgets, this is the basic annual procedure.
In Huntley, located in Kane County, the effective property tax rate is notably higher than the national median. Comparing Huntley's rate to other cities in Illinois, as well as the state's median and the national median, provides valuable insight into regional tax burdens. Illinois, known for its relatively high property tax rates, contrasts with the national median, which is significantly lower. Understanding these differences is crucial for property owners in managing their tax liabilities effectively. By being aware of how these rates are determined and how they compare regionally and nationally, property owners can make more informed decisions regarding property tax appeals and exemptions.
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 Huntley Tax Rate
2.34%
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 Tax Rate
2.60%
Median Effective Illinois Tax Rate
2.35%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Huntley, Kane County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60142 | 1.43% | 2.19% | 2.34% | 2.43% | 2.49% |
Source: Ownwell
Property Tax Assessment Values Across Huntley, Kane County, Illinois
When examining property taxes in Huntley, 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 Huntley.
For example, the median home price in Huntley is $270,996, with tax bills ranging significantly across the county. Zip code 60142 has the highest median home price at $270,996.
Property Tax Assessment Values Across Huntley, Kane County, Illinois
Source: Ownwell
$142,312
$365,554
$588,796
Median Huntley Market Value
$270,996
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 Huntley, Kane County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60142 | $186,592 | $227,770 | $270,996 | $333,748 | $403,920 |
Source: Ownwell
Property Tax Bills Across Huntley, Kane County, Illinois
Median Huntley Tax Bill
$6,152
Median Kane County Tax Bill
$6,484
Median Illinois Tax Bill
$4,715
Median United States Tax Bill
$2,400
Property Tax Bills Across Huntley, Kane County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60142 | $3,440 | $4,772 | $6,152 | $7,927 | $9,819 |
Source: Ownwell