Manteno, Kankakee County, Illinois Property Taxes

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

Median Manteno, IL effective property tax rate: 3.29%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Manteno, IL home value: $176,157
Median annual Manteno, IL tax bill: $5,474, $3,074 higher than the national median property tax bill of $2,400.

How are property taxes in Kankakee calculated?

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

Last Updated March 1, 2025

Manteno, Kankakee County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

3.29%

Estimate Property Tax Bill

$5,796

$5,378

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

Local government entities set tax rates, which can vary widely within a state. This variation occurs because 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 Manteno’s effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S.

Property Tax Rates Across Manteno, 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 Manteno Tax Rate

3.29%

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 Manteno, Kankakee County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
60950	2.66%	2.99%	3.29%	3.45%	3.80%

Source: Ownwell

Property Tax Assessment Values Across Manteno, Kankakee County, Illinois

When examining property taxes in Manteno, 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 Manteno.

For example, the median home price in Manteno is $176,157, with tax bills ranging significantly across the county. The 60950 zip code has the highest median home price at $176,157.

Property Tax Assessment Values Across Manteno, Kankakee County, Illinois

Source: Ownwell

$49,746

$124,081

$198,416

Median Manteno Market Value

$176,157

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 Manteno, Kankakee County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
60950	$90,978	$137,523	$176,157	$233,415	$315,343

Source: Ownwell

Property Tax Bills Across Manteno, Kankakee County, Illinois

In Manteno, Kankakee County, IL, property tax bills are calculated by applying the local tax rate to the assessed value of a property. The assessed value is typically a percentage of the market value. With a median home price of $176,157, property taxes can significantly impact homeowners' financial planning. The median tax bill in the area is $5,474, which is more than twice the national median of $2,400. Factors influencing tax bills include property location, size, and any applicable exemptions. Tax bills in the 25th percentile are $4,261, while those in the 75th percentile reach $7,668, and in the 90th percentile, they can soar to $10,675. These figures highlight the potential burden on homeowners. Ownwell offers services that can help homeowners reduce their property tax bills by identifying potential savings through appeals and exemptions. By leveraging expert knowledge of local tax codes and regulations, Ownwell ensures that homeowners pay only their fair share, potentially saving them thousands of dollars annually.

Property Tax Bills Across Manteno, Kankakee County, Illinois

Source: Ownwell

$1,473

$3,969

$6,465

Median Manteno Tax Bill

$5,474

Median Kankakee County Tax Bill

$4,151

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Manteno, Kankakee County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
60950	$3,087	$4,261	$5,474	$7,668	$10,675

Source: Ownwell