Chebanse, Kankakee County, Illinois Property Taxes

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

Median Chebanse, IL effective property tax rate: 2.98%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Chebanse, IL home value: $175,028
Median annual Chebanse, IL tax bill: $5,347, $2,947 higher than the national median property tax bill of $2,400.

How are property taxes in Kankakee calculated?

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

Last Updated March 1, 2025

Chebanse, Kankakee County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.98%

Estimate Property Tax Bill

$5,216

$4,840

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

Local government entities set tax rates, which can vary widely within a state. This variation is primarily because each county estimates its required budget to provide services annually 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 Chebanse’s effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S. Chebanse, located in Kankakee County, has a median property tax rate of 2.98%, which is significantly higher than the national median property tax rate of 1.02%. This means property owners in Chebanse pay a higher percentage of their property's assessed value in taxes compared to the national average. Understanding these differences can help property owners make informed decisions about appealing their property taxes or exploring available exemptions.

Property Tax Rates Across Chebanse, 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 Chebanse Tax Rate

2.98%

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 Chebanse, Kankakee County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
60922	2.66%	2.76%	2.98%	3.25%	3.50%

Source: Ownwell

Property Tax Assessment Values Across Chebanse, Kankakee County, Illinois

When examining property taxes in Chebanse, 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 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 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 Chebanse. For example, the median home price in Chebanse is $175,028, with tax bills ranging significantly across the county. 60922 has the highest median home price at $175,028.

Property Tax Assessment Values Across Chebanse, Kankakee County, Illinois

Source: Ownwell

$49,746

$124,081

$198,416

Median Chebanse Market Value

$175,028

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 Chebanse, Kankakee County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
60922	$53,942	$105,497	$175,028	$257,725	$321,437

Source: Ownwell

Property Tax Bills Across Chebanse, Kankakee County, Illinois

In Chebanse, located in Kankakee County, IL, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. The assessed value typically reflects a percentage of the property's market value. Local tax rates are applied to this assessed value to calculate the annual tax bill. The median home price in Chebanse is $175,028, and the area sees a median tax bill of $5,347, which is significantly higher than the national median property tax bill of $2,400. Factors influencing the tax bill include the property's assessed value, local tax rates, and any applicable exemptions. High property tax bills can strain homeowners, making it crucial to explore ways to reduce them. This is where Ownwell can assist by offering property tax appeal and exemption services. By identifying potential savings and ensuring accurate assessments, Ownwell helps homeowners in Chebanse reduce their property tax burden, providing financial relief and peace of mind.

Property Tax Bills Across Chebanse, Kankakee County, Illinois

Source: Ownwell

$1,473

$3,969

$6,465

Median Chebanse Tax Bill

$5,347

Median Kankakee County Tax Bill

$4,151

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Chebanse, Kankakee County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
60922	$1,962	$3,430	$5,347	$7,385	$9,394

Source: Ownwell