Plainfield, Illinois Property Taxes
The median property tax rate in Plainfield, IL is 2.50%, considerably higher than both the national median of 0.99% and the Illinois state median of 2.35%. With the median home value in Plainfield, the typical annual property tax bill reaches $7,316, exceeding the national median of $2,690. Property taxes in Plainfield are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Plainfield's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Plainfield or another part of Kendall County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Plainfield, Illinois Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
2.35%
Estimate Property Tax Bill
$4,700
Ownwell’s Plainfield Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Plainfield with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Plainfield to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Plainfield, Illinois
Property taxes in Plainfield, Illinois, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Plainfield is 2.50%, significantly higher than both the Illinois state median and the U.S. national median of 0.99%. Local government entities within Plainfield set these rates annually, and they can vary significantly across different neighborhoods. Each year, Plainfield estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Plainfield's effective property tax rate to other areas in Illinois and the national median. For comparison, the 60585 zip code has the highest median property tax rate of 2.99%, while the 60586 zip code has the lowest median tax rate of 2.48%. Understanding how these areas compare with Plainfield provides valuable insights into the varying tax landscape across Kendall County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Plainfield Tax Rate
2.50%
Average Kendall County Tax Rate
2.83%
Average Illinois Tax Rate
2.35%
Average United States Tax Rate
0.99%
Property Tax Rates Across Plainfield, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60544 | 2.24% | 2.31% | 2.62% | 2.96% | 3.04% |
| 60585 | 2.89% | 2.96% | 2.99% | 3.01% | 3.07% |
| 60586 | 2.36% | 2.46% | 2.48% | 2.50% | 2.53% |
Source: Ownwell
Property Tax Assessment Values Across Plainfield, Illinois
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Plainfield, Illinois. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Kendall County Appraisal District for tax purposes. In contrast, the assessed value 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. In Plainfield, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. For instance, the highest median tax bill in Plainfield is $12,220 in zip code 60585, while the lowest median tax bill is $6,781 in zip code 60586. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Plainfield helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Plainfield Assessed Value
$292,869
Average Kendall County Assessed Value
$264,846
Average Illinois Assessed Value
$194,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Plainfield, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60544 | $214,984 | $244,316 | $311,062 | $419,480 | $520,393 |
| 60585 | $253,048 | $349,317 | $411,891 | $462,962 | $512,905 |
| 60586 | $201,408 | $256,107 | $273,630 | $297,543 | $306,165 |
Source: Ownwell
Property Tax Bills Across Plainfield, Illinois
In Plainfield, Kendall County, IL, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Plainfield stands at $292,869. Local tax rates are applied to this assessed value to determine the tax bill. Several factors influence the final amount, including property location, school district funding needs, and local government budgets. Homeowners in Plainfield experience varied tax bills, with the 25th percentile paying around $6,446 and the 75th percentile facing bills up to $10,827. The 90th percentile sees tax bills reaching $13,676. The highest median tax bill in the area is $12,220 in the 60585 zip code, while the lowest is $6,781 in the 60586 zip code. These property taxes significantly impact homeowners, as they contribute to the funding of essential community services such as schools, public safety, and infrastructure maintenance. Comparing to the national median property tax rate of 0.99%, Plainfield's rates reflect the local valuation and funding requirements.
Average Plainfield Tax Bill
$7,316
Average Kendall County Tax Bill
$7,273
Average Illinois Tax Bill
$4,715
Average United States Tax Bill
$2,690
Property Tax Bills Across Plainfield, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60544 | $4,545 | $5,797 | $8,875 | $11,094 | $13,795 |
| 60585 | $7,016 | $9,972 | $12,220 | $13,806 | $15,426 |
| 60586 | $4,579 | $6,149 | $6,781 | $7,414 | $7,655 |
Source: Ownwell