Sugar Grove, Kane County, Illinois Property Taxes
Median Sugar Grove, IL effective property tax rate: 2.89%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Sugar Grove, IL home value: $315,885
Median annual Sugar Grove, IL tax bill: $8,436, $6,036 higher than the national median property tax bill of $2,400.
How are property taxes in Kane County calculated?
Property taxes in Sugar 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 Sugar Grove’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Sugar Grove, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Sugar Grove, Kane County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.89%
Estimate Property Tax Bill
$9,129
$8,472
Property Tax Rates Across Sugar Grove, Kane County, Illinois
Local government entities in Illinois set property tax rates, which can vary significantly across the state. Each year, Kane County, like others, estimates its budgetary needs for public services and divides this by the total assessed value of all taxable properties within its boundaries. This calculation determines the property tax rate. Though setting these rates involves votes and legal frameworks, this is essentially the annual process.
In Sugar Grove, located in Kane County, the effective property tax rate stands at 2.89%, which is notably higher than the national median property tax rate of 1.02%. This high rate reflects the county's budgetary requirements and the value of local properties. When compared to other cities in Illinois and the national median, Sugar Grove's rate is on the higher end of the spectrum, highlighting the importance of understanding local tax obligations. This information is crucial for property owners considering tax appeals or exemptions, as it underscores the potential for significant savings.
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 Sugar Grove Taxx Rate
2.89%
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 Sugar Grove, Kane County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60554 | 2.27% | 2.57% | 2.89% | 2.98% | 3.03% |
Source: Ownwell
Property Tax Assessment Values Across Sugar Grove, Kane County, Illinois
When examining property taxes in Sugar Grove, 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 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 Sugar Grove. For example, the median home price in Sugar Grove is $315,885, with tax bills ranging significantly across the county. Zip code 60554 has the highest median home price at $315,885.
Property Tax Assessment Values Across Sugar Grove, Kane County, Illinois
Source: Ownwell
$142,312
$365,554
$588,796
Median Sugar Grove Market Value
$315,885
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 Sugar Grove, Kane County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60554 | $195,399 | $244,158 | $315,885 | $369,944 | $432,873 |
Source: Ownwell
Property Tax Bills Across Sugar Grove, Kane County, Illinois
Median Sugar Grove Tax Bill
$8,436
Median Kane County Tax Bill
$6,484
Median Illinois Tax Bill
$4,715
Median United States Tax Bill
$2,690
Property Tax Bills Across Sugar Grove, Kane County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60554 | $5,194 | $6,622 | $8,436 | $10,542 | $12,515 |
Source: Ownwell