Bolingbrook, Will County, Illinois Property Taxes

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

Median Bolingbrook, IL effective property tax rate: 3.01%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Bolingbrook, IL home value: $249,783
Median annual Bolingbrook, IL tax bill: $7,440, $5,040 higher than the national median property tax bill of $2,400.

How are property taxes in Will County calculated?

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

Last Updated March 1, 2025

Bolingbrook, Will County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

3.01%

Estimate Property Tax Bill

$7,518

$6,977

Ownwell’s Bolingbrook Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Bolingbrook with just two data points.

By entering your property's estimated assessed value, our calculator applies Bolingbrook’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 Bolingbrook, Will County, Illinois

Local government entities set tax rates, which can vary widely within a state. 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.

Below, you can compare Bolingbrook’s effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S. Bolingbrook, located in Will County, stands out with a median property tax rate of 3.01%, significantly higher than the national median of 1.02%. This rate places Bolingbrook among the highest in Illinois, with the zip code 60440 sharing this peak rate. Conversely, the zip code 60490 showcases a slightly lower rate at 2.80%, yet it still surpasses the national average. These figures highlight the variance in property tax rates across different regions within the state. Understanding these differences can be crucial for property owners when considering property tax appeals or exemptions.

Property Tax Rates Across Bolingbrook, 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 Bolingbrook Tax Rate

3.01%

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 Bolingbrook, Will County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
60440	2.65%	2.91%	3.01%	3.08%	3.29%
60490	2.43%	2.49%	2.80%	3.10%	3.57%

Source: Ownwell

Property Tax Assessment Values Across Bolingbrook, Will County, Illinois

When examining property taxes in Bolingbrook, 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 appraisal district 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 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 Bolingbrook.

For example, the median home price in Bolingbrook is $249,783, with tax bills ranging significantly across the county. The 60490 zip code has the highest median home price at $342,675.

Property Tax Assessment Values Across Bolingbrook, Will County, Illinois

Source: Ownwell

$101,070

$390,154

$679,238

Median Bolingbrook Market Value

$249,783

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 Bolingbrook, Will County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
60440	$152,662	$183,666	$220,296	$264,562	$331,602
60490	$250,390	$300,096	$342,675	$396,411	$440,860

Source: Ownwell

Property Tax Bills Across Bolingbrook, Will County, Illinois

In Bolingbrook, 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. Homeowners in Bolingbrook face a median tax bill significantly higher than the national median of $2400, with the 25th percentile starting at $5828 and the 75th percentile reaching $9653. Factors influencing these bills include local government budgets, school funding requirements, and community services. The highest median tax bill in the area is $9600 in zip code 60490, while the lowest is $6528 in zip code 60440. Such high property tax bills can strain homeowners' finances. Ownwell offers expert property tax appeal services to help homeowners reduce their tax burdens. By identifying discrepancies in property assessments and advocating for fair evaluations, Ownwell can assist homeowners in potentially lowering their tax bills, providing financial relief and peace of mind.

Property Tax Bills Across Bolingbrook, Will County, Illinois

Source: Ownwell

$1,870

$11,744

$21,617

Median Bolingbrook Tax Bill

$7,440

Median Will County Tax Bill

$6,703

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Bolingbrook, Will County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
60440	$4,043	$5,274	$6,528	$8,018	$10,540
60490	$7,060	$8,338	$9,600	$11,138	$13,036

Source: Ownwell