Chatsworth, Livingston County, Illinois Property Taxes

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

Median Chatsworth, IL effective property tax rate: 3.51%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Chatsworth, IL home value: $123,574
Median annual Chatsworth, IL tax bill: $4,239, $1,839 higher than the national median property tax bill of $2,400.

How are property taxes in Livingston County calculated?

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

Last Updated March 1, 2025

Chatsworth, Livingston County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

3.51%

Estimate Property Tax Bill

$4,337

$4,025

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

Property Tax Rates Across Chatsworth, Livingston County, Illinois

Local government entities in Illinois set property tax rates, which can vary widely within the state. Why? 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.

Chatsworth in Livingston County has a notably high effective property tax rate of 3.51%. This rate is significantly higher than both the Illinois state median and the national median property tax rate of 1.02%. For homeowners in Chatsworth, this means a larger portion of their home's assessed value goes towards property taxes compared to homeowners in other parts of the country. This high rate can impact the overall affordability of owning property in the area, making it crucial for property owners to explore potential avenues for tax appeals or exemptions. Comparing Chatsworth’s effective property tax rate to other cities in Illinois and median property tax rates in the U.S. highlights the importance of understanding local tax dynamics and seeking professional guidance to manage property tax liabilities effectively.

Property Tax Rates Across Chatsworth, Livingston County, Illinois

Source: Ownwell

2.69%

3.10%

3.51%

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 Chatsworth Tax Rate

3.51%

Median Effective Livingston County Tax Rate

3.02%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Chatsworth, Livingston County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
60921	2.43%	2.81%	3.51%	3.97%	4.38%

Source: Ownwell

Property Tax Assessment Values Across Chatsworth, Livingston County, Illinois

When examining property taxes in Chatsworth, Illinois, 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 Livingston County Assessor's 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.

Assessment notices:

In Livingston 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 Chatsworth.

For example, the median home price in Chatsworth is $123,574, with tax bills ranging significantly across the county. Zip code 60921 has the highest median home price at $123,574.

Property Tax Assessment Values Across Chatsworth, Livingston County, Illinois

Source: Ownwell

$103,203

$160,239

$217,275

Median Chatsworth Market Value

$123,574

Median Livingston County Market Value

$144,219

Median Illinois Market Value

$194,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Chatsworth, Livingston County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
60921	$24,873	$50,290	$123,574	$190,808	$294,420

Source: Ownwell

Property Tax Bills Across Chatsworth, Livingston County, Illinois

In Chatsworth, located in Livingston County, IL, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. This assessed value is a percentage of the home's market value, and the tax rate is applied to this figure to calculate the property tax bill. The median home price in Chatsworth is $123,574, which influences the assessed value and, subsequently, the tax bill. Factors such as local government budgets and school funding needs also play a crucial role in determining the tax rate. Homeowners in Chatsworth experience property tax bills that can vary significantly, with figures ranging from the 25th percentile at $2,454 to the 90th percentile at $11,272. These numbers reflect the wide variation in property values and tax rates within the area. Ownwell offers services to help homeowners navigate this complex system, potentially reducing their tax bills by identifying and appealing over-assessments, ensuring they pay only their fair share.

Property Tax Bills Across Chatsworth, Livingston County, Illinois

Source: Ownwell

$3,410

$5,342

$7,273

Median Chatsworth Tax Bill

$4,239

Median Livingston County Tax Bill

$4,592

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Chatsworth, Livingston County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
60921	$1,203	$2,454	$4,239	$7,224	$11,272

Source: Ownwell