Kankakee County Property Taxes
The median property tax rate in Kankakee County is 3.07%, which is significantly higher than both the national median of 0.99% and the Illinois state median of 2.35%. With the median home value in Kankakee County at $137,616, the typical annual property tax bill reaches $4,151, exceeding the national median of $2,690. Property taxes in Kankakee County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Kankakee County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Kankakee or another part of Kankakee County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Kankakee County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.07%
Estimate Property Tax Bill
$4,225
$3,921
Ownwell’s Kankakee Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Kankakee with just two data points. By entering your property's estimated assessed value, our calculator uses the median tax rate in Kankakee to provide an estimate of your property tax bill. This tool is invaluable for understanding your potential tax liabilities. For more localized trends, you can navigate to city-level information further down the page. The assessed value is determined by your county and includes any exemptions applicable to your property.
Property Tax Rates Across Kankakee County, Illinois
Property taxes in Kankakee County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Kankakee County is 3.07%, which is significantly higher than both the Illinois state median and the U.S. national median of 0.99%. Local government entities within Kankakee County set these rates annually, and they can vary significantly between different areas within the county. Each year, Kankakee County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. For comparison, the city of Kankakee has one of the higher property tax rates in Illinois at 4.53%, while the city of Beecher boasts one of the lowest at 2.54%. Analyzing how Kankakee County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Kankakee County Tax Rate
3.07%
Average Illinois Tax Rate
2.35%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kankakee County, Illinois
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Aroma Park | 3.05% | 3.15% | 3.15% | 3.15% | 3.27% |
| Beecher | 2.36% | 2.52% | 2.54% | 2.67% | 4.07% |
| Bonfield | 2.18% | 2.48% | 2.68% | 3.06% | 3.49% |
| Bourbonnais | 2.17% | 2.66% | 2.86% | 3.14% | 3.51% |
| Bradley | 2.86% | 3.16% | 3.16% | 3.16% | 3.16% |
| Buckingham | 2.44% | 2.56% | 2.81% | 3.08% | 3.24% |
| Cabery | 2.30% | 2.69% | 2.97% | 3.41% | 3.48% |
| Chebanse | 2.66% | 2.76% | 2.98% | 3.25% | 3.50% |
| Custer Park | 2.53% | 2.61% | 2.73% | 2.86% | 2.93% |
| Essex | 1.82% | 2.17% | 2.57% | 3.08% | 3.56% |
| Gardner | 2.60% | 2.96% | 3.45% | 3.46% | 4.34% |
| Grant Park | 2.33% | 2.49% | 2.64% | 2.88% | 3.21% |
| Herscher | 2.36% | 2.56% | 2.84% | 3.09% | 3.21% |
| Kankakee | 2.56% | 3.00% | 4.53% | 4.53% | 4.53% |
| Manteno | 2.66% | 2.99% | 3.29% | 3.45% | 3.80% |
| Momence | 2.14% | 2.41% | 2.72% | 3.28% | 3.56% |
| Pembroke Township | 1.78% | 3.09% | 3.56% | 4.35% | 4.75% |
| Peotone | 2.82% | 2.94% | 3.19% | 3.56% | 3.95% |
| Reddick | 2.44% | 2.57% | 2.90% | 3.14% | 3.29% |
| Saint Anne | 2.73% | 3.08% | 3.35% | 3.73% | 4.06% |
| Sun River Terrace | 2.73% | 2.73% | 2.73% | 2.73% | 2.80% |
| Union Hill | 2.72% | 2.72% | 2.77% | 4.32% | 7.02% |
| Wilmington | 1.85% | 2.19% | 2.56% | 2.79% | 3.32% |
Source: Ownwell
Property Tax Assessment Values Across Kankakee County, Illinois
In Kankakee County, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Kankakee County Appraisal District. The assessed value, however, 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. Assessment notices in Kankakee County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. For instance, Peotone has the highest median tax bill at $6,465, while Custer Park has the lowest at $997. Being aware of these valuation processes in Kankakee County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Kankakee County, Illinois
Source: Ownwell
$34,078
$116,247
$198,416
Average Kankakee County Assessed Value
$137,616
Average Illinois Assessed Value
$194,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Kankakee County, Illinois
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Aroma Park | $48,842 | $73,818 | $92,649 | $109,878 | $159,511 |
| Beecher | $52,844 | $75,393 | $151,296 | $170,091 | $181,974 |
| Bonfield | $36,509 | $107,214 | $190,593 | $264,080 | $314,581 |
| Bourbonnais | $111,433 | $133,842 | $176,544 | $246,351 | $369,291 |
| Bradley | $77,300 | $90,620 | $109,077 | $138,095 | $156,444 |
| Buckingham | $73,842 | $113,634 | $170,901 | $255,144 | $320,898 |
| Cabery | $68,325 | $89,944 | $141,302 | $177,002 | $258,515 |
| Chebanse | $53,942 | $105,497 | $175,028 | $257,725 | $321,437 |
| Custer Park | $13,185 | $21,020 | $34,078 | $47,137 | $54,972 |
| Essex | $27,428 | $92,180 | $181,336 | $250,540 | $307,759 |
| Gardner | $35,116 | $41,040 | $118,839 | $320,961 | $355,829 |
| Grant Park | $47,406 | $131,863 | $198,416 | $260,357 | $324,887 |
| Herscher | $41,699 | $85,776 | $146,247 | $219,216 | $302,530 |
| Kankakee | $35,012 | $46,317 | $76,260 | $141,480 | $256,216 |
| Manteno | $90,978 | $137,523 | $176,157 | $233,415 | $315,343 |
| Momence | $24,206 | $56,301 | $118,614 | $213,852 | $314,543 |
| Pembroke Township | $11,078 | $16,962 | $49,746 | $81,049 | $155,174 |
| Peotone | $131,690 | $169,545 | $187,680 | $257,472 | $280,076 |
| Reddick | $43,275 | $83,876 | $172,798 | $237,212 | $329,810 |
| Saint Anne | $35,154 | $67,450 | $115,065 | $183,202 | $253,902 |
| Sun River Terrace | $34,378 | $50,115 | $63,702 | $64,995 | $71,290 |
| Union Hill | $37,067 | $41,534 | $68,216 | $173,558 | $319,616 |
| Wilmington | $47,526 | $109,668 | $179,714 | $250,177 | $313,937 |
Source: Ownwell
Property Tax Bills Across Kankakee County, Illinois
In Kankakee County, IL, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the final tax bill. Several factors influence the tax bill, including property location, assessed value, and local tax levies. For instance, homeowners in Peotone face the highest median tax bill at $6,465, while those in Custer Park experience the lowest at $997. The median home price in Kankakee County is $137,616, and tax bills can vary significantly. At the 25th percentile, the tax bill is $2,521, while at the 75th percentile, it rises to $6,314. For those in the 90th percentile, the tax bill can reach as high as $9,033. These variations can significantly impact homeowners, affecting their annual budgets and long-term financial planning. Comparatively, with the national median property tax rate at 0.99%, Kankakee County’s rates highlight the importance of understanding local tax dynamics.
Average Kankakee County Tax Bill
$4,151
Average Illinois Tax Bill
$4,715
Average United States Tax Bill
$2,690
Property Tax Bills Across Kankakee County, Illinois
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Aroma Park | $1,568 | $2,324 | $2,916 | $3,459 | $4,813 |
| Beecher | $1,452 | $2,004 | $4,188 | $4,373 | $5,416 |
| Bonfield | $1,643 | $3,006 | $5,260 | $7,130 | $8,449 |
| Bourbonnais | $2,734 | $3,577 | $4,742 | $7,287 | $11,560 |
| Bradley | $2,262 | $2,711 | $3,293 | $4,067 | $4,750 |
| Buckingham | $2,529 | $3,348 | $4,492 | $6,515 | $9,266 |
| Cabery | $2,579 | $2,845 | $4,259 | $5,169 | $8,075 |
| Chebanse | $1,962 | $3,430 | $5,347 | $7,385 | $9,394 |
| Custer Park | $357 | $597 | $997 | $1,396 | $1,636 |
| Essex | $784 | $2,221 | $4,279 | $6,207 | $7,676 |
| Gardner | $1,212 | $1,419 | $3,517 | $7,590 | $14,259 |
| Grant Park | $1,699 | $3,625 | $5,308 | $6,699 | $8,623 |
| Herscher | $1,486 | $2,605 | $4,216 | $6,215 | $8,163 |
| Kankakee | $1,430 | $2,017 | $3,134 | $5,009 | $7,755 |
| Manteno | $3,087 | $4,261 | $5,474 | $7,668 | $10,675 |
| Momence | $860 | $1,594 | $3,439 | $5,502 | $8,430 |
| Pembroke Township | $332 | $644 | $1,473 | $2,346 | $5,610 |
| Peotone | $4,600 | $5,166 | $6,465 | $7,987 | $8,773 |
| Reddick | $1,864 | $3,195 | $5,143 | $7,085 | $9,095 |
| Saint Anne | $1,368 | $2,372 | $3,844 | $6,275 | $9,072 |
| Sun River Terrace | $1,045 | $1,368 | $1,739 | $1,774 | $1,946 |
| Union Hill | $1,590 | $2,181 | $2,757 | $5,193 | $9,131 |
| Wilmington | $1,276 | $2,348 | $4,059 | $6,078 | $6,602 |
Source: Ownwell