Kent, Illinois Property Taxes
The median property tax rate in Kent, IL is 2.82%, considerably higher than both the national median of 0.99% and the Illinois state median of 2.35%. With the median home value in Kent at $213,591, the typical annual property tax bill reaches $6,028, exceeding the national median of $2,690. Property taxes in Kent 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 Kent'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 Kent or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Kent, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.82%
Estimate Property Tax Bill
$6,023
$5,589
Ownwell’s Kent Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kent with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kent 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 Kent, Illinois
Property taxes in Kent, Illinois, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kent is 2.82%, significantly higher than both the Illinois state median and the U.S. national median of 0.99%. Local government entities within Kent set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kent 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 Kent's effective property tax rate to other counties in Illinois and the national median. For comparison, the 61044 zip code has both the highest and lowest median property tax rate of 2.82%. Understanding how these areas compare with Kent provides valuable insights into the varying tax landscape across Stephenson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Kent Tax Rate
2.82%
Average Stephenson County Tax Rate
3.21%
Average Illinois Tax Rate
2.35%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kent, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61044 | 2.64% | 2.71% | 2.82% | 2.82% | 2.82% |
Source: Ownwell
Property Tax Assessment Values Across Kent, Illinois
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Kent, IL. 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 Stephenson 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 Kent, 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 Kent helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Kent is $213,591, with tax bills ranging from $3,410 at the 25th percentile to $9,869 at the 90th percentile. The highest and lowest median tax bills are both $6,028, found in zip code 61044.
Average Kent Assessed Value
$213,591
Average Stephenson County Assessed Value
$60,276
Average Illinois Assessed Value
$194,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Kent, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61044 | $65,168 | $120,826 | $213,591 | $315,144 | $376,076 |
Source: Ownwell
Property Tax Bills Across Kent, Illinois
In Kent, property tax bills are determined based on the assessed value of the property, which is typically a percentage of the market value. The assessed value is then multiplied by the local tax rate to calculate the annual tax bill. Factors such as property size, location, and improvements can influence the assessed value. For homeowners in Kent, the median home price is $213,591, with property tax bills ranging significantly. At the 25th percentile, homeowners can expect a tax bill around $3,410, while those at the 75th percentile might see bills as high as $8,429. The 90th percentile reaches even higher, with tax bills up to $9,869. These figures are notably higher than the national median property tax rate of 0.99%, reflecting the local tax rates and property values in Kent. Homeowners should be aware that these taxes contribute to essential public services, but they also represent a significant annual expense.
Average Kent Tax Bill
$6,028
Average Stephenson County Tax Bill
$1,883
Average Illinois Tax Bill
$4,715
Average United States Tax Bill
$2,690
Property Tax Bills Across Kent, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61044 | $1,839 | $3,410 | $6,028 | $8,429 | $9,869 |
Source: Ownwell