Aurora, Will County, Illinois Property Taxes

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

Median Aurora, IL effective property tax rate: 3.11%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Aurora, IL home value: $254,232
Median annual Aurora, IL tax bill: $7,795, $5,395 higher than the national median property tax bill of $2,400.

How are property taxes in Will County calculated?

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

Last Updated March 1, 2025

Aurora, Will County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

3.11%

Estimate Property Tax Bill

$7,907

$7,337

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

Property Tax Rates Across Aurora, Will County, Illinois

Local government entities determine tax rates, leading to significant variation within a state. This is because each county annually estimates its budgetary needs for services and divides this by the total value of all taxable property in its area, resulting in the property tax rate. While voting and legislation play roles in setting these rates and budgets, this sums up the yearly process.

Compare Aurora's effective property tax rate to other cities within Illinois and the median property tax rates in Illinois and the U.S. Aurora, located in Will County, experiences a median property tax rate of 3.11%. This is notably higher than the national median property tax rate of 1.02%. The median property tax bill in Aurora also surpasses the national median property tax bill of $2400. This rate in Aurora is the highest within its zip code area of 60503, indicating a significant portion of property owners' expenses go towards taxes. Understanding these differences can help property owners make informed decisions and potentially seek tax appeal services to manage their financial obligations effectively.

Property Tax Rates Across Aurora, Will County, Illinois

Source: Ownwell

1.73%

3.67%

5.61%

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 Aurora Tax Rate

3.11%

Median Effective Will County Tax Rate

2.62%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Aurora, Will County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
60503	2.95%	2.99%	3.11%	3.15%	3.32%

Source: Ownwell

Property Tax Assessment Values Across Aurora, Will County, Illinois

When examining property taxes in Aurora, IL, 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 Will County Assessor 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.

In Will County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 Aurora.

For example, the median home price in Aurora is $254,232, with tax bills ranging significantly across the county. Zip code 60503 has the highest median home price at $254,232.

Property Tax Assessment Values Across Aurora, Will County, Illinois

Source: Ownwell

$101,070

$390,154

$679,238

Median Aurora Market Value

$254,232

Median Will County Market Value

$251,502

Median Illinois Market Value

$194,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Aurora, Will County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
60503	$154,326	$180,159	$254,232	$315,724	$364,089

Source: Ownwell

Property Tax Bills Across Aurora, Will County, Illinois

In Aurora, 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 local tax rate is then applied to this assessed value to determine the tax bill. Factors such as the local government's budgetary needs, school funding, and public services influence the tax rate. With a median home price of $254,232, homeowners in Aurora face property tax bills that can significantly impact their finances. The tax bill at the 25th percentile is $5,480, while at the 75th percentile, it's $9,875, indicating a wide range of tax burdens depending on property values and local assessments. Compared to the national median property tax rate of 1.02% and a median tax bill of $2,400, Aurora's tax bills are notably higher. Ownwell can help homeowners in Aurora by providing expert property tax appeal services, potentially lowering their assessed values and tax burdens, offering savings and financial relief.

Property Tax Bills Across Aurora, Will County, Illinois

Source: Ownwell

$1,870

$11,744

$21,617

Median Aurora Tax Bill

$7,795

Median Will County Tax Bill

$6,703

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Aurora, Will County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
60503	$4,539	$5,480	$7,795	$9,875	$11,439

Source: Ownwell