Bourbonnais, Kankakee County, Illinois Property Taxes

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

Median Bourbonnais, IL effective property tax rate: 2.86%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Bourbonnais, IL home value: $176,544
Median annual Bourbonnais, IL tax bill: $4,742, $2,342 higher than the national median property tax bill of $2,400.

How are property taxes in Kankakee calculated?

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

Last Updated March 1, 2025

Bourbonnais, Kankakee County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.86%

Estimate Property Tax Bill

$5,049

$4,685

Ownwell’s Bourbonnais Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Bourbonnais with just two data points. By entering your property's estimated assessed value, our calculator applies Bourbonnais’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 Kankakee County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Bourbonnais, Kankakee County, Illinois

Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting 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. Bourbonnais in Kankakee County, Illinois, has an effective property tax rate that stands out when compared to other cities in Illinois and the national median. With a rate of 2.86%, Bourbonnais surpasses the national median property tax rate of 1.02%, highlighting the region's relatively higher tax burden. This elevated rate can lead to a significant property tax bill, especially when compared to the national median bill of $2,400. Understanding these differences is crucial for property owners looking to manage their tax liabilities effectively.

Property Tax Rates Across Bourbonnais, Kankakee County, Illinois

Source: Ownwell

2.56%

3.54%

4.53%

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 Bourbonnais Tax Rate

2.86%

Median Effective Kankakee County Tax Rate

3.07%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Bourbonnais, Kankakee County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
60914	2.17%	2.66%	2.86%	3.14%	3.51%

Source: Ownwell

Property Tax Assessment Values Across Bourbonnais, Kankakee County, Illinois

When examining property taxes in Bourbonnais, 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 Kankakee County assessment 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 Kankakee 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 Bourbonnais. For example, the median home price in Bourbonnais is $176,544, with tax bills ranging significantly across the county. 60914 has the highest median home price at $176,544.

Property Tax Assessment Values Across Bourbonnais, Kankakee County, Illinois

Source: Ownwell

$49,746

$124,081

$198,416

Median Bourbonnais Market Value

$176,544

Median Kankakee County Market Value

$137,616

Median Illinois Market Value

$194,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Bourbonnais, Kankakee County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
60914	$111,433	$133,842	$176,544	$246,351	$369,291

Source: Ownwell

Property Tax Bills Across Bourbonnais, Kankakee County, Illinois

In Bourbonnais, located in Kankakee County, IL, property tax bills are determined based on the assessed value of a home, which is a percentage of its market value. This assessed value is then multiplied by the local tax rate to calculate the tax bill. The median home price in the area is $176,544, and the median property tax bill is $4,742, significantly higher than the national median of $2,400. This difference can be attributed to Illinois's generally higher property tax rates. For homeowners, this means a substantial portion of their annual expenses goes towards property taxes, impacting their financial planning and homeownership costs. However, Ownwell can assist homeowners in Bourbonnais by evaluating their property tax assessments and identifying potential discrepancies. By filing appeals and seeking exemptions, Ownwell helps ensure that homeowners are not overpaying, potentially saving them thousands of dollars annually. This service is particularly beneficial in areas like Bourbonnais, where property taxes are notably high compared to the national average.

Property Tax Bills Across Bourbonnais, Kankakee County, Illinois

Source: Ownwell

$1,473

$3,969

$6,465

Median Bourbonnais Tax Bill

$4,742

Median Kankakee County Tax Bill

$4,151

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Bourbonnais, Kankakee County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
60914	$2,734	$3,577	$4,742	$7,287	$11,560

Source: Ownwell