Wayne, Kane County, Illinois Property Taxes

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

Median Wayne, IL effective property tax rate: 2.74%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Wayne, IL home value: $561,826
Median annual Wayne, IL tax bill: $15,275, $12,875 higher than the national median property tax bill of $2,400.

How are property taxes in Kane calculated?

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

Last Updated March 1, 2025

Wayne, Kane County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.74%

Estimate Property Tax Bill

$15,394

$14,285

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

Local government entities set tax rates, which can vary widely within a state. Annually, each county 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, in a nutshell, this is the annual process. Below, you can compare Wayne’s effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S.

In Wayne, located in DuPage County, property owners experience a property tax rate that significantly exceeds the national median of 1.02%. The state's median property tax rate is also higher than the national average, reflecting the broader trend within Illinois. This elevated tax rate is indicative of the county’s approach to funding local services, which can include schools, infrastructure, and emergency services. For residents, understanding these rates is crucial as they directly impact the annual property tax bill. By comparing Wayne's tax rate to both state and national figures, property owners can better understand their financial obligations and explore potential savings through appeals and exemptions.

Property Tax Rates Across Wayne, 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 Wayne Taxx Rate

2.74%

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 Wayne, Kane County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
60184	2.56%	2.65%	2.74%	2.77%	2.85%

Source: Ownwell

Property Tax Assessment Values Across Wayne, Kane County, Illinois

When examining property taxes in Wayne, 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 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 Wayne. For example, the median home price in Wayne is $561,826, with tax bills ranging significantly across the county. 60184 has the highest median home price at $561,826.

Property Tax Assessment Values Across Wayne, Kane County, Illinois

Source: Ownwell

$142,312

$365,554

$588,796

Median Wayne Market Value

$561,826

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 Wayne, Kane County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
60184	$362,684	$462,272	$561,826	$715,312	$1,053,506

Source: Ownwell

Property Tax Bills Across Wayne, Kane County, Illinois

In Wayne, located in Kane County, IL, property tax bills are determined by assessing the market value of a home and applying the local tax rate. With a median home price of $561,826, homeowners in Wayne face property tax bills that significantly exceed the national median, reflecting the area's higher property values. The tax bill can vary widely, with amounts ranging from the 25th percentile at $12,346 to the 90th percentile at $28,473. This variability is influenced by factors such as the property's assessed value, any applicable exemptions, and the specific tax rate set by local authorities. For many homeowners, these taxes represent a substantial financial obligation, often surpassing the national median tax bill of $2,400. Ownwell offers valuable assistance by helping homeowners navigate the complexities of property tax appeals and exemptions. By leveraging expert knowledge and experience, Ownwell can identify potential savings and reduce tax burdens, ensuring homeowners in Wayne pay only their fair share.

Property Tax Bills Across Wayne, Kane County, Illinois

Source: Ownwell

$3,136

$9,682

$16,228

Median Wayne Tax Bill

$15,275

Median Kane County Tax Bill

$6,484

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,690

Property Tax Bills Across Wayne, Kane County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
60184	$9,330	$12,346	$15,275	$19,739	$28,473

Source: Ownwell