Maple Park, Kane County, Illinois Property Taxes

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

Median Maple Park, IL effective property tax rate: 2.85%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Maple Park, IL home value: $276,459
Median annual Maple Park, IL tax bill: $7,663, $5,263 higher than the national median property tax bill of $2,400.

How are property taxes in Kane calculated?

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

Last Updated March 1, 2025

Maple Park, Kane County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.85%

Estimate Property Tax Bill

$7,879

$7,312

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

Local government entities are responsible for setting tax rates, which can vary widely within Illinois. Each year, counties like Kane estimate their required budget to provide essential services and divide 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, this is the annual process in a nutshell.

In Maple Park, located in Kane County, the effective property tax rate is 2.85%. This is significantly higher than the national median property tax rate of 1.02%. Compared to other cities in Illinois, Maple Park's rate is on the higher end, reflecting the county's budgetary needs and property values. Despite the higher rate, understanding this process can help residents better anticipate their annual property tax bills and explore potential appeal or exemption opportunities. By comparing Maple Park's property tax rate to both state and national medians, residents can gain valuable insights into their property tax obligations.

Property Tax Rates Across Maple Park, 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 Maple Park Taxx Rate

2.85%

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 Maple Park, Kane County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
60151	2.58%	2.74%	2.85%	2.95%	3.08%

Source: Ownwell

Property Tax Assessment Values Across Maple Park, Kane County, Illinois

When examining property taxes in Maple Park, 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 Assessor's 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.

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 Maple Park.

For example, the median home price in Maple Park is $276,459, with tax bills ranging significantly across the county. Zip code 60151 has the highest median home price at $276,459.

Property Tax Assessment Values Across Maple Park, Kane County, Illinois

Source: Ownwell

$142,312

$365,554

$588,796

Median Maple Park Market Value

$276,459

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 Maple Park, Kane County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
60151	$145,552	$202,694	$276,459	$355,818	$454,065

Source: Ownwell

Property Tax Bills Across Maple Park, Kane County, Illinois

In Maple Park, Illinois, property tax bills are determined based on the assessed value of a home, which is a percentage of its market value. This assessed value is then multiplied by the local tax rate to calculate the annual tax bill. With a median home price of $276,459, homeowners in Maple Park face property tax bills significantly higher than the national median, with the median tax bill reaching $7,663. This is due in part to the local tax rate and the assessed value of properties in the area. Homeowners in the 25th percentile pay around $5,542, while those in the 75th percentile see bills close to $9,998. These high tax bills can place a financial burden on homeowners, making it crucial to explore potential savings. Ownwell can assist by reviewing your property's assessed value and identifying opportunities for appealing the assessment or obtaining exemptions, potentially reducing your tax burden and ensuring you're not overpaying.

Property Tax Bills Across Maple Park, Kane County, Illinois

Source: Ownwell

$3,136

$9,682

$16,228

Median Maple Park Tax Bill

$7,663

Median Kane County Tax Bill

$6,484

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,690

Property Tax Bills Across Maple Park, Kane County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
60151	$3,707	$5,542	$7,663	$9,998	$12,814

Source: Ownwell