Sleepy Hollow, Kane County, Illinois Property Taxes

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

Median Sleepy Hollow, IL effective property tax rate: 2.57%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Sleepy Hollow, IL home value: $334,890
Median annual Sleepy Hollow, IL tax bill: $8,469, $6,069 higher than the national median property tax bill of $2,400.

How are property taxes in Kane calculated?

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

Last Updated March 1, 2025

Sleepy Hollow, Kane County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.57%

Estimate Property Tax Bill

$8,607

$7,987

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

Local government entities set tax rates, which can vary widely within a state. This variation is due to each county estimating its required budget annually to provide services and then dividing 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, in a nutshell, this is the annual process.

In Sleepy Hollow, located in Kane County, Illinois, the effective property tax rate is significantly higher than the national median. Illinois is known for having some of the highest property tax rates in the country, and Sleepy Hollow is no exception. The median property tax rate in Illinois is more than double the national median, reflecting the state's reliance on property taxes for funding local services. When comparing Sleepy Hollow’s property tax rate to other cities in Illinois, it is evident that property owners in this area face a substantial tax burden. Understanding these rates can help property owners make informed decisions and potentially seek appeals or exemptions to manage their tax liabilities effectively.

Property Tax Rates Across Sleepy Hollow, 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 Sleepy Hollow Taxx Rate

2.57%

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 Sleepy Hollow, Kane County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
60118	2.41%	2.47%	2.57%	2.59%	2.61%

Source: Ownwell

Property Tax Assessment Values Across Sleepy Hollow, Kane County, Illinois

When examining property taxes in Sleepy Hollow, 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 Sleepy Hollow.

For example, the median home price in Sleepy Hollow is $334,890, with tax bills ranging significantly across the county. Zip code 60118 has the highest median home price at $334,890.

Property Tax Assessment Values Across Sleepy Hollow, Kane County, Illinois

Source: Ownwell

$142,312

$365,554

$588,796

Median Sleepy Hollow Market Value

$334,890

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 Sleepy Hollow, Kane County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
60118	$262,500	$295,468	$334,890	$372,468	$415,441

Source: Ownwell

Property Tax Bills Across Sleepy Hollow, Kane County, Illinois

In Sleepy Hollow, located in Kane County, IL, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is a percentage of the market value, which is influenced by factors such as location, size, and property condition. With a median home price of $334,890, homeowners in this area face significant property tax bills. The median tax bill in Sleepy Hollow is notably higher than the national median, with figures ranging from $7,393 at the 25th percentile to $10,749 at the 90th percentile. This can place a considerable financial burden on homeowners, especially when compared to the national median property tax bill of $2,400. Ownwell offers a solution by providing expert property tax appeal services. By analyzing your property’s assessed value and identifying discrepancies, Ownwell can help you secure reductions in your tax bill, ultimately easing the financial strain and ensuring you only pay your fair share.

Property Tax Bills Across Sleepy Hollow, Kane County, Illinois

Source: Ownwell

$3,136

$9,682

$16,228

Median Sleepy Hollow Tax Bill

$8,469

Median Kane County Tax Bill

$6,484

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,690

Property Tax Bills Across Sleepy Hollow, Kane County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
60118	$6,297	$7,393	$8,469	$9,578	$10,749

Source: Ownwell