Will County Property Taxes
The median property tax rate in Will County is 2.62%, significantly higher than both the national median of 0.99% and the Illinois state median of 2.35%. With a median home value of $251,502, the typical annual property tax bill in Will County reaches $6,703, far exceeding the national median of $2,690. Property taxes in this county are calculated based on the assessed value, which usually falls below the actual market value due to various exemptions like those for primary residences and agricultural properties. Understanding Will County's specific property tax system, exploring available exemptions, and identifying opportunities for reductions can provide significant annual savings. Whether you live in Joliet or another part of Will County, gaining comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Will County 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 Will County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Will County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Will County to estimate your property tax bill. This tool helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Will County, Illinois
Property taxes in Will County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Will County is 2.62%, which is higher than the U.S. national median of 0.99%. Local government entities within Will County set these rates annually, and they can vary significantly between different areas within the county. Each year, Will County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. For comparison, the city of Park Forest has one of the higher property tax rates in Illinois at 5.61%, while the city of Essex boasts one of the lowest at 1.67%. Analyzing how Will County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Will County Tax Rate
2.62%
Average Illinois Tax Rate
2.35%
Average United States Tax Rate
0.99%
Property Tax Rates Across Will County, Illinois
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Aurora | 2.95% | 2.99% | 3.11% | 3.15% | 3.32% |
| Beecher | 1.88% | 2.42% | 2.60% | 2.68% | 2.86% |
| Bolingbrook | 2.47% | 2.74% | 3.01% | 3.09% | 3.29% |
| Braceville | 1.62% | 1.69% | 1.80% | 1.99% | 2.14% |
| Braidwood | 1.67% | 1.95% | 2.06% | 2.11% | 2.19% |
| Channahon | 2.36% | 2.57% | 2.67% | 2.73% | 2.90% |
| Coal City | 1.07% | 1.49% | 1.94% | 2.22% | 2.33% |
| Crest Hill | 1.90% | 2.43% | 2.57% | 2.67% | 2.84% |
| Crete | 2.56% | 3.10% | 3.34% | 3.55% | 3.66% |
| Custer Park | 1.68% | 1.83% | 1.91% | 1.98% | 2.08% |
| Diamond | 1.78% | 1.94% | 2.13% | 2.33% | 2.49% |
| Elwood | 2.00% | 2.17% | 2.29% | 2.35% | 2.53% |
| Essex | 1.59% | 1.62% | 1.67% | 1.79% | 1.85% |
| Frankfort | 2.38% | 2.62% | 2.72% | 2.82% | 2.90% |
| Godley | 1.20% | 1.46% | 1.73% | 1.81% | 1.99% |
| Grant Park | 2.02% | 2.36% | 2.57% | 2.74% | 2.90% |
| Homer Glen | 2.18% | 2.35% | 2.46% | 2.60% | 2.67% |
| Joliet | 2.18% | 2.44% | 2.70% | 2.86% | 3.08% |
| Lemont | 2.05% | 2.14% | 2.25% | 2.80% | 3.08% |
| Lockport | 2.17% | 2.56% | 2.78% | 2.93% | 3.02% |
| Manhattan | 2.18% | 2.96% | 3.19% | 3.26% | 3.78% |
| Manteno | 1.59% | 1.89% | 2.11% | 2.26% | 3.22% |
| Minooka | 2.33% | 2.47% | 2.61% | 2.67% | 2.72% |
| Mokena | 2.28% | 2.45% | 2.56% | 2.68% | 2.80% |
| Monee | 1.88% | 1.99% | 3.32% | 3.59% | 3.69% |
| Naperville | 2.15% | 2.23% | 2.31% | 2.34% | 2.36% |
| New Lenox | 2.47% | 2.59% | 2.70% | 2.75% | 2.78% |
| Orland Park | 2.24% | 2.33% | 2.43% | 2.45% | 2.46% |
| Oswego | 2.47% | 2.65% | 2.84% | 2.86% | 3.00% |
| Park Forest | 3.36% | 4.85% | 5.61% | 6.27% | 6.87% |
| Peotone | 1.74% | 1.92% | 2.02% | 2.10% | 2.22% |
| Plainfield | 2.29% | 2.42% | 2.49% | 2.59% | 2.84% |
| Richton Park | 2.40% | 2.60% | 2.71% | 2.92% | 3.05% |
| Rockdale | 1.87% | 2.14% | 2.24% | 2.48% | 2.48% |
| Romeoville | 2.37% | 2.65% | 2.83% | 3.03% | 3.32% |
| Shorewood | 2.31% | 2.41% | 2.51% | 2.69% | 2.75% |
| Steger | 2.48% | 3.06% | 3.24% | 3.42% | 3.79% |
| Tinley Park | 2.89% | 3.09% | 3.16% | 3.23% | 3.24% |
| University Park | 2.97% | 3.61% | 4.13% | 4.70% | 4.70% |
| Wilmington | 1.68% | 1.97% | 2.20% | 2.34% | 2.43% |
| Woodridge | 2.99% | 3.18% | 3.19% | 3.20% | 3.29% |
Source: Ownwell
Property Tax Assessment Values Across Will County, Illinois
Understanding the difference between "market value" and "assessed value" is key to comprehending property taxes in Will County, Illinois. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Will County Appraisal District. The assessed value, however, 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. Assessment notices in Will County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Will County showcases a wide range of property tax bills, with Woodridge having the highest median tax bill at $21,617 and Godley the lowest at $1,870. Being aware of these valuation processes in Will County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Will County Assessed Value
$251,502
Average Illinois Assessed Value
$194,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Will County, Illinois
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Aurora | $154,326 | $180,159 | $254,232 | $315,724 | $364,089 |
| Beecher | $89,006 | $160,559 | $210,630 | $263,634 | $306,871 |
| Bolingbrook | $164,136 | $200,775 | $249,783 | $332,367 | $403,476 |
| Braceville | $77,784 | $100,809 | $139,040 | $227,637 | $275,594 |
| Braidwood | $111,329 | $150,441 | $181,458 | $216,710 | $260,872 |
| Channahon | $174,953 | $209,710 | $254,964 | $306,160 | $368,514 |
| Coal City | $80,847 | $83,696 | $138,464 | $200,938 | $217,658 |
| Crest Hill | $121,203 | $147,868 | $191,744 | $240,759 | $304,029 |
| Crete | $107,517 | $149,982 | $202,467 | $259,718 | $325,239 |
| Custer Park | $122,398 | $165,848 | $214,276 | $280,848 | $350,183 |
| Diamond | $160,802 | $206,084 | $260,498 | $290,870 | $292,878 |
| Elwood | $155,073 | $188,466 | $221,346 | $279,596 | $347,436 |
| Essex | $114,550 | $128,460 | $151,644 | $156,850 | $159,974 |
| Frankfort | $206,769 | $247,620 | $348,273 | $468,135 | $581,796 |
| Godley | $47,076 | $58,683 | $106,878 | $152,374 | $178,592 |
| Grant Park | $81,505 | $151,089 | $185,874 | $236,424 | $332,981 |
| Homer Glen | $239,148 | $299,182 | $369,315 | $451,330 | $564,391 |
| Joliet | $95,920 | $126,819 | $173,100 | $224,127 | $268,632 |
| Lemont | $173,234 | $242,826 | $320,475 | $433,005 | $605,840 |
| Lockport | $132,993 | $183,047 | $237,082 | $323,947 | $402,952 |
| Manhattan | $160,350 | $209,550 | $282,000 | $338,100 | $424,031 |
| Manteno | $147,968 | $188,669 | $236,614 | $314,050 | $356,208 |
| Minooka | $173,415 | $236,619 | $306,834 | $355,838 | $425,078 |
| Mokena | $187,371 | $238,546 | $328,168 | $430,727 | $570,476 |
| Monee | $153,174 | $183,230 | $229,755 | $347,614 | $446,630 |
| Naperville | $269,729 | $367,960 | $502,368 | $596,534 | $700,283 |
| New Lenox | $186,699 | $247,518 | $314,547 | $384,087 | $437,958 |
| Orland Park | $276,434 | $287,382 | $311,198 | $331,751 | $411,299 |
| Oswego | $249,349 | $379,143 | $391,605 | $399,063 | $413,377 |
| Park Forest | $90,228 | $91,884 | $101,070 | $126,904 | $190,412 |
| Peotone | $140,278 | $169,116 | $209,700 | $262,708 | $317,365 |
| Plainfield | $184,899 | $233,074 | $278,241 | $348,276 | $424,760 |
| Richton Park | $121,665 | $140,630 | $171,554 | $221,486 | $316,556 |
| Rockdale | $108,839 | $126,690 | $146,553 | $172,851 | $196,619 |
| Romeoville | $165,213 | $183,200 | $215,289 | $264,240 | $299,223 |
| Shorewood | $192,990 | $231,882 | $296,559 | $356,331 | $409,997 |
| Steger | $90,542 | $103,852 | $122,340 | $148,954 | $179,110 |
| Tinley Park | $195,876 | $253,872 | $387,622 | $418,852 | $452,925 |
| University Park | $48,957 | $76,047 | $126,471 | $155,886 | $189,015 |
| Wilmington | $57,547 | $119,670 | $169,647 | $234,672 | $296,542 |
| Woodridge | $607,162 | $657,448 | $679,238 | $737,637 | $768,776 |
Source: Ownwell
Property Tax Bills Across Will County, Illinois
In Will County, IL, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The tax rate is then applied to this assessed value to determine the tax bill. Several factors influence the final amount, including local tax rates, school district funding requirements, and public service needs. For example, the median home price in Will County is $251,502. Homeowners in the 25th percentile of tax bills pay around $4,796, while those in the 75th percentile face bills of approximately $9,271. The 90th percentile tax bill reaches up to $12,170. Comparatively, the highest median tax bill in the county is found in Woodridge, at $21,617, while the lowest is in Godley, at $1,870. This variation highlights the significant impact of location and local levies on property tax bills. With the national median property tax rate at 0.99%, Will County's tax rates can substantially affect homeowners' finances, depending on their property's assessed value and specific local tax obligations.
Average Will County Tax Bill
$6,703
Average Illinois Tax Bill
$4,715
Average United States Tax Bill
$2,690
Property Tax Bills Across Will County, Illinois
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Aurora | $4,539 | $5,480 | $7,795 | $9,875 | $11,439 |
| Beecher | $1,626 | $3,714 | $5,287 | $6,795 | $8,090 |
| Bolingbrook | $4,441 | $5,828 | $7,440 | $9,653 | $11,756 |
| Braceville | $1,332 | $1,795 | $2,194 | $4,283 | $5,902 |
| Braidwood | $1,843 | $2,810 | $3,620 | $4,451 | $5,567 |
| Channahon | $4,145 | $5,468 | $6,780 | $8,251 | $10,010 |
| Coal City | $1,037 | $1,589 | $2,919 | $3,991 | $4,080 |
| Crest Hill | $2,714 | $3,504 | $4,688 | $6,179 | $7,804 |
| Crete | $2,956 | $4,594 | $6,603 | $8,668 | $10,996 |
| Custer Park | $2,027 | $3,001 | $4,049 | $5,356 | $6,805 |
| Diamond | $3,314 | $4,297 | $5,431 | $6,156 | $6,404 |
| Elwood | $3,008 | $4,027 | $5,001 | $6,519 | $8,302 |
| Essex | $1,834 | $2,098 | $2,539 | $2,808 | $2,970 |
| Frankfort | $5,269 | $6,672 | $9,248 | $12,624 | $15,939 |
| Godley | $697 | $961 | $1,870 | $2,755 | $3,284 |
| Grant Park | $2,805 | $3,397 | $4,781 | $6,288 | $7,964 |
| Homer Glen | $5,357 | $7,030 | $8,918 | $11,196 | $14,320 |
| Joliet | $2,243 | $3,235 | $4,525 | $5,964 | $7,257 |
| Lemont | $3,620 | $5,356 | $7,135 | $10,988 | $15,381 |
| Lockport | $3,052 | $4,691 | $6,439 | $9,068 | $11,465 |
| Manhattan | $4,875 | $6,872 | $8,878 | $10,899 | $13,199 |
| Manteno | $3,366 | $3,961 | $4,905 | $6,019 | $8,229 |
| Minooka | $4,081 | $5,604 | $7,976 | $9,418 | $11,238 |
| Mokena | $4,498 | $5,886 | $8,385 | $11,243 | $15,129 |
| Monee | $4,467 | $5,831 | $7,374 | $8,822 | $11,025 |
| Naperville | $5,882 | $8,281 | $11,515 | $13,823 | $16,371 |
| New Lenox | $4,598 | $6,295 | $8,408 | $10,451 | $11,993 |
| Orland Park | $6,180 | $6,793 | $7,446 | $8,076 | $9,596 |
| Oswego | $6,775 | $9,401 | $10,035 | $11,214 | $11,694 |
| Park Forest | $3,930 | $4,985 | $6,044 | $6,839 | $10,504 |
| Peotone | $2,621 | $3,304 | $4,229 | $5,342 | $6,605 |
| Plainfield | $4,481 | $5,686 | $7,025 | $8,923 | $10,887 |
| Richton Park | $3,054 | $3,457 | $4,702 | $6,466 | $8,853 |
| Rockdale | $1,912 | $2,710 | $3,278 | $3,993 | $4,604 |
| Romeoville | $4,386 | $5,015 | $6,081 | $7,521 | $8,811 |
| Shorewood | $4,554 | $5,735 | $7,454 | $9,001 | $10,512 |
| Steger | $2,276 | $3,136 | $3,887 | $4,942 | $6,028 |
| Tinley Park | $6,012 | $7,972 | $12,329 | $13,438 | $14,555 |
| University Park | $1,434 | $2,727 | $4,780 | $6,366 | $7,958 |
| Wilmington | $1,149 | $2,297 | $3,534 | $5,146 | $6,689 |
| Woodridge | $18,525 | $20,398 | $21,617 | $23,404 | $24,544 |
Source: Ownwell
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