Johnsburg, Illinois Property Taxes
The median property tax rate in Johnsburg, IL is 2.49%, significantly higher than both the national median of 0.99% and the Illinois state median of 2.35%. With a median home value of $287,943 in Johnsburg, the typical annual property tax bill reaches $7,041, far exceeding the national median of $2,690. Property taxes in Johnsburg are calculated based on the tax assessed value, which is often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Johnsburg'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 Johnsburg or another part of McHenry County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Johnsburg, 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 Johnsburg Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Johnsburg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Johnsburg 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 Johnsburg, Illinois
Property taxes in JOHNSBURG, Illinois, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in JOHNSBURG is 2.49%, significantly higher than both the Illinois state median and the U.S. national median of 0.99%. Local government entities within JOHNSBURG set these rates annually, and they can vary significantly across different neighborhoods. Each year, JOHNSBURG 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 JOHNSBURG's effective property tax rate to other areas in Illinois and the national median. For comparison, the 60050 zip code has the highest median property tax rate of 2.65%, while the 60051 zip code has the lowest median tax rate of 2.49%. Understanding how these areas compare with JOHNSBURG provides valuable insights into the varying tax landscape across McHenry County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Johnsburg Tax Rate
2.49%
Average Mchenry County Tax Rate
2.75%
Average Illinois Tax Rate
2.35%
Average United States Tax Rate
0.99%
Property Tax Rates Across Johnsburg, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60050 | 2.65% | 2.65% | 2.65% | 2.65% | 2.65% |
| 60051 | 2.24% | 2.39% | 2.49% | 2.56% | 2.65% |
Source: Ownwell
Property Tax Assessment Values Across Johnsburg, Illinois
In JOHNSBURG, Illinois, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. 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 McHenry County Assessor 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 JOHNSBURG, 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. 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 JOHNSBURG helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest median tax bill in the area is $7,045 in the 60051 zip code, while the lowest median tax bill is $3,857 in the 60050 zip code.
Average Johnsburg Assessed Value
$287,943
Average Mchenry County Assessed Value
$241,654
Average Illinois Assessed Value
$194,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Johnsburg, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60050 | $145,314 | $145,314 | $145,314 | $145,314 | $145,314 |
| 60051 | $156,927 | $206,222 | $287,955 | $359,852 | $483,776 |
Source: Ownwell
Property Tax Bills Across Johnsburg, Illinois
In Johnsburg, McHenry County, IL, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor and is a percentage of the market value of the property. This assessed value is then multiplied by the tax rate set by local taxing authorities, which include school districts, municipalities, and other local entities. Homeowners in Johnsburg experience a range of property tax bills. For instance, the median home price is $287,943, leading to varying tax bills across the spectrum. The 25th percentile tax bill is $4,894, while the 75th percentile reaches $9,077, and the 90th percentile can go as high as $12,276. These figures reflect the significant impact that property taxes can have on household budgets. Comparatively, the highest median tax bill in the area is $7,045 in the 60051 zip code, while the lowest is $3,857 in the 60050 zip code. These variations underscore the importance of understanding how property taxes are calculated and their potential financial implications for homeowners.
Average Johnsburg Tax Bill
$7,041
Average Mchenry County Tax Bill
$6,534
Average Illinois Tax Bill
$4,715
Average United States Tax Bill
$2,690
Property Tax Bills Across Johnsburg, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60050 | $3,857 | $3,857 | $3,857 | $3,857 | $3,857 |
| 60051 | $3,575 | $4,895 | $7,045 | $9,080 | $12,283 |
Source: Ownwell