Pingree Grove, Kane County, Illinois Property Taxes
Median Pingree Grove, IL effective property tax rate: 2.80%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%. Median Pingree Grove, IL home value: $249,883. Median annual Pingree Grove, IL tax bill: $6,238, $3,838 higher than the national median property tax bill of $2,400.
How are property taxes in Kane County calculated?
Property taxes in Pingree Grove, 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 Pingree Grove’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Pingree Grove, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Pingree Grove, Kane County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.8%
Estimate Property Tax Bill
$6,997
$6,493
Property Tax Rates Across Pingree Grove, Kane County, Illinois
Local government entities are responsible for setting property tax rates, and these can vary significantly within a state. Annually, each county estimates its required budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction. This calculation determines the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is the fundamental annual process.
In Pingree Grove, located in Kane County, the effective property tax rate is 2.80%. This rate is notably higher than the national median property tax rate of 1.02%. When compared to other cities in Illinois, Pingree Grove's rate stands out as one of the highest, matching the median property tax rate for the entire state. The elevated tax rate reflects the local government's budgetary needs and the total assessed value of properties in the area. Understanding these rates is 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 Pingree Grove Taxx Rate
2.80%
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 Pingree Grove, Kane County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60140 | 2.10% | 2.23% | 2.80% | 2.90% | 2.97% |
Source: Ownwell
Property Tax Assessment Values Across Pingree Grove, Kane County, Illinois
When examining property taxes in Pingree Grove, 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 Pingree Grove. For example, the median home price in Pingree Grove is $249,883, with tax bills ranging significantly across the county. Zip code 60140 has the highest median home price at $249,883.
Property Tax Assessment Values Across Pingree Grove, Kane County, Illinois
Source: Ownwell
$142,312
$365,554
$588,796
Median Pingree Grove Market Value
$249,883
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 Pingree Grove, Kane County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60140 | $174,880 | $193,256 | $249,883 | $312,972 | $350,196 |
Source: Ownwell
Property Tax Bills Across Pingree Grove, Kane County, Illinois
Property tax bills in Pingree Grove, located in Kane County, IL, are determined by the assessed value of a home and the local tax rate. The assessed value is typically a percentage of the property's market value, which is then multiplied by the local tax rate to calculate the tax bill. Homeowners in Pingree Grove face a median tax bill of $6,238, which is significantly higher than the national median of $2,400. Factors influencing this high tax bill include local government budgets and the services provided in the area. This can be a substantial financial burden for homeowners, particularly when compared to the national median property tax rate of 1.02%.
Ownwell offers a solution by providing property tax appeal and exemption services, potentially reducing these high tax bills. Our expertise in navigating the complex tax appeal process can lead to significant savings for homeowners. By ensuring your property is fairly assessed, Ownwell helps alleviate the financial burden, making homeownership in Pingree Grove more affordable.
Median Pingree Grove Tax Bill
$6,238
Median Kane County Tax Bill
$6,484
Median Illinois Tax Bill
$4,715
Median United States Tax Bill
$2,690
Property Tax Bills Across Pingree Grove, Kane County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60140 | $4,384 | $5,051 | $6,238 | $8,583 | $9,634 |
Source: Ownwell