St Charles, Illinois Property Taxes
The median property tax rate in St. Charles, IL is 2.43%, considerably higher than both the national median of 0.99% and the Illinois state median of 2.35%. With the median home value in St. Charles at $356,825, the typical annual property tax bill reaches $8,507, exceeding the national median of $2,690. Property taxes in St. Charles are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding St. Charles's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of St. Charles or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
St Charles, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.43%
Estimate Property Tax Bill
$8,671
$8,473
Ownwell’s St. Charles Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in St. Charles with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in St. Charles to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across St Charles, Illinois
Property taxes in ST CHARLES, IL, are essential in funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in ST CHARLES is 2.43%, significantly higher than the U.S. national median of 0.99%. Local government entities within ST CHARLES set these rates annually, and they can vary considerably across different neighborhoods. Each year, ST CHARLES estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares ST CHARLES's effective property tax rate to other areas in Kane County and the national median. For comparison, the 60118 zip code has the highest median property tax rate of 2.74%, while the 60184 zip code has the lowest median tax rate of 2.27%. Understanding how these areas compare with ST CHARLES provides valuable insights into the varying tax landscape across Kane County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average St Charles Tax Rate
2.43%
Average Kane County Tax Rate
2.60%
Average Illinois Tax Rate
2.35%
Average United States Tax Rate
0.99%
Property Tax Rates Across St Charles, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60118 | 2.74% | 2.74% | 2.74% | 2.74% | 2.74% |
| 60119 | 2.52% | 2.52% | 2.52% | 2.52% | 2.52% |
| 60174 | 2.16% | 2.34% | 2.41% | 2.55% | 2.68% |
| 60175 | 2.10% | 2.36% | 2.44% | 2.52% | 2.61% |
| 60177 | 2.56% | 2.56% | 2.56% | 2.56% | 2.56% |
| 60184 | 2.27% | 2.27% | 2.27% | 2.27% | 2.27% |
Source: Ownwell
Property Tax Assessment Values Across St Charles, Illinois
In ST CHARLES, Illinois, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the local assessor's office in Kane County for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In ST CHARLES, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. The zip code with the highest median tax bill is 60119 at $12,995, while the lowest is 60184 at $4,418. Being aware of these valuation processes in ST CHARLES helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average St Charles Assessed Value
$356,825
Average Kane County Assessed Value
$253,745
Average Illinois Assessed Value
$194,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across St Charles, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60118 | $208,205 | $208,205 | $208,205 | $208,205 | $208,205 |
| 60119 | $515,195 | $515,195 | $515,195 | $515,195 | $515,195 |
| 60174 | $133,142 | $220,809 | $284,876 | $426,573 | $634,514 |
| 60175 | $210,621 | $302,308 | $403,752 | $612,656 | $728,577 |
| 60177 | $399,925 | $399,925 | $399,925 | $399,925 | $399,925 |
| 60184 | $194,418 | $194,418 | $194,418 | $194,418 | $194,418 |
Source: Ownwell
Property Tax Bills Across St Charles, Illinois
In ST CHARLES, IL, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. Local assessors determine this value, and it is then multiplied by the local tax rate set by various taxing authorities, such as schools, municipalities, and special districts. For homeowners in ST CHARLES, this means that the higher the assessed value of their property, the higher their tax bill will be. For instance, with a median home price of $356,825, homeowners can expect varying tax bills. The 25th percentile tax bill is around $5,606, while the 75th percentile reaches $13,425, and the 90th percentile can go up to $18,152. Notably, the highest median tax bill in the area is $12,995 in the 60119 zip code, whereas the lowest is $4,418 in the 60184 zip code. These figures indicate a significant range in tax liabilities, influenced by property value assessments and the specific tax rates applied.
Average St Charles Tax Bill
$8,507
Average Kane County Tax Bill
$6,484
Average Illinois Tax Bill
$4,715
Average United States Tax Bill
$2,690
Property Tax Bills Across St Charles, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60118 | $5,699 | $5,699 | $5,699 | $5,699 | $5,699 |
| 60119 | $12,995 | $12,995 | $12,995 | $12,995 | $12,995 |
| 60174 | $3,333 | $5,068 | $6,741 | $10,358 | $15,383 |
| 60175 | $4,653 | $7,205 | $9,843 | $14,773 | $18,152 |
| 60177 | $10,245 | $10,245 | $10,245 | $10,245 | $10,245 |
| 60184 | $4,418 | $4,418 | $4,418 | $4,418 | $4,418 |
Source: Ownwell