Kankakee, Kankakee County, Illinois Property Taxes

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

Median Kankakee, IL effective property tax rate: 4.53%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Kankakee, IL home value: $76,260
Median annual Kankakee, IL tax bill: $3,134, $734 higher than the national median property tax bill of $2,400.

How are property taxes in Kankakee calculated?

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

Last Updated March 1, 2025

Kankakee, Kankakee County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

4.53%

Estimate Property Tax Bill

$3,455

$3,206

Ownwell’s Kankakee Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Kankakee with just two data points.

By entering your property's estimated assessed value, our calculator applies Kankakee’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 Kankakee, Kankakee County, Illinois

Local government entities determine tax rates, which can differ significantly within a state. Each year, counties estimate their necessary budget to fund services and divide this by the total value of all taxable property in their area. This calculation forms the property tax rate. Although votes and legislation play a role in setting these rates and budgets, this is the general process followed annually. In Kankakee, IL, the effective property tax rate stands out compared to other cities in Illinois and contrasts with both the state's median and the national median property tax rates. With a median rate of 4.53%, Kankakee's property tax rate is notably higher than the national median of 1.02%. This high rate impacts homeowners, as their property tax bills are substantially above the national median of $2400. Understanding these rates is crucial for homeowners seeking to manage their property tax liabilities effectively.

Property Tax Rates Across Kankakee, 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 Kankakee Tax Rate

4.53%

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 Kankakee, Kankakee County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
60901	2.56%	3.00%	4.53%	4.53%	4.53%

Source: Ownwell

Property Tax Assessment Values Across Kankakee, Kankakee County, Illinois

When examining property taxes in Kankakee, 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.

Assessment notices: In Kankakee 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 Kankakee.

For example, the median home price in Kankakee is $76,260, with tax bills ranging significantly across the county. 60901 has the highest median home price at $76,260.

Property Tax Assessment Values Across Kankakee, Kankakee County, Illinois

Source: Ownwell

$49,746

$124,081

$198,416

Median Kankakee Market Value

$76,260

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 Kankakee, Kankakee County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
60901	$35,012	$46,317	$76,260	$141,480	$256,216

Source: Ownwell

Property Tax Bills Across Kankakee, Kankakee County, Illinois

In Kankakee, IL, property tax bills are determined by assessing the property's market value and applying the local tax rate. The tax bill calculation considers the assessed value, which is typically a percentage of the market value, and the applicable tax rate set by local authorities. Homeowners in Kankakee experience a range of tax bills, with the 25th percentile at $2,017, the 75th percentile at $5,009, and the 90th percentile reaching $7,755. The median tax bill in the area is $3,134, which is above the national median of $2,400. This indicates that property taxes can be a significant expense for homeowners, impacting their overall financial planning.

Ownwell assists homeowners by offering property tax appeal and exemption services, helping to potentially lower their tax burden. By analyzing property assessments and identifying discrepancies, Ownwell can guide homeowners through the appeal process, ensuring they pay only their fair share. This service can result in substantial savings, providing homeowners with financial relief and peace of mind.

Property Tax Bills Across Kankakee, Kankakee County, Illinois

Source: Ownwell

$1,473

$3,969

$6,465

Median Kankakee Tax Bill

$3,134

Median Kankakee County Tax Bill

$4,151

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Kankakee, Kankakee County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
60901	$1,430	$2,017	$3,134	$5,009	$7,755

Source: Ownwell