Plato Center, Kane County, Illinois Property Taxes

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

Median Plato Center, IL effective property tax rate: 2.62%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Plato Center, IL home value: $299,570
Median annual Plato Center, IL tax bill: $7,677, $5,277 higher than the national median property tax bill of $2,400.

How are property taxes in Kane calculated?

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

Last Updated March 1, 2025

Plato Center, Kane County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.62%

Estimate Property Tax Bill

$7,849

$7,283

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

Local government entities set tax rates, which can vary widely within a state. This is because each county annually estimates its required budget to provide services and divides that by the total value of all taxable property within its 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 Plato Center, located in Kane County, the effective property tax rate is a significant consideration for homeowners. The county's median property tax rate stands at 2.62%, which is considerably higher than the national median property tax rate of 1.02%. This means that residents in Plato Center face a higher property tax burden compared to many other areas in the country.

Comparing the property tax rates in Plato Center to other cities in Illinois and across the U.S. highlights the variance in tax burdens homeowners may experience. Understanding these differences is crucial for property owners when planning their finances, as property taxes can significantly impact the overall cost of owning a home.

Property Tax Rates Across Plato Center, 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 Plato Center Taxx Rate

2.62%

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 Plato Center, Kane County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
60124	2.53%	2.56%	2.62%	2.74%	2.87%

Source: Ownwell

Property Tax Assessment Values Across Plato Center, Kane County, Illinois

When examining property taxes in Plato Center, Illinois, 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 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 Plato Center.

For example, the median home price in Plato Center is $299,570, with tax bills ranging significantly across the county. The 60124 zip code has the highest median home price at $299,570.

Property Tax Assessment Values Across Plato Center, Kane County, Illinois

Source: Ownwell

$142,312

$365,554

$588,796

Median Plato Center Market Value

$299,570

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 Plato Center, Kane County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
60124	$154,698	$174,753	$299,570	$364,710	$402,505

Source: Ownwell

Property Tax Bills Across Plato Center, Kane County, Illinois

In Plato Center, located in Kane County, IL, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as the home's market value and any applicable exemptions can influence the assessed value. Homeowners in Plato Center face a median property tax bill significantly higher than the national median of $2400, with bills ranging from $4454 at the 25th percentile to $10970 at the 90th percentile. This can place a substantial financial burden on homeowners. However, Ownwell offers a solution by providing property tax appeal services. Our team helps homeowners identify potential discrepancies in their assessments and guides them through the appeal process. By leveraging our expertise, homeowners can potentially lower their tax bills, ensuring they only pay their fair share. This service can lead to significant savings and alleviate the financial strain of high property taxes.

Property Tax Bills Across Plato Center, Kane County, Illinois

Source: Ownwell

$3,136

$9,682

$16,228

Median Plato Center Tax Bill

$7,677

Median Kane County Tax Bill

$6,484

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,690

Property Tax Bills Across Plato Center, Kane County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
60124	$3,825	$4,454	$7,677	$9,596	$10,970

Source: Ownwell