Crest Hill, Will County, Illinois Property Taxes

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

Median Crest Hill, IL effective property tax rate: 2.57%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Crest Hill, IL home value: $191,744
Median annual Crest Hill, IL tax bill: $4,688, $2,288 higher than the national median property tax bill of $2,400.

How are property taxes in Will County calculated?

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

Last Updated March 1, 2025

Crest Hill, Will County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.57%

Estimate Property Tax Bill

$4,928

$4,573

Ownwell’s Crest Hill Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Crest Hill with just two data points. By entering your property's estimated assessed value, our calculator applies Crest Hill’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 Crest Hill, Will County, Illinois

Local government entities are responsible for setting tax rates, which can differ significantly across Illinois. This variation occurs because each year, counties like Will estimate their budgetary needs to provide essential services and then divide this by the total assessed value of all taxable properties within their boundaries. This calculation determines the property tax rate. While votes and legislative measures play a role in establishing these rates and budgets, this is the fundamental annual process.

In Crest Hill, the effective property tax rate is 2.57%, which is notably higher than the national median property tax rate of 1.02%. This rate places Crest Hill among the cities with the highest property tax rates in Illinois, reflecting the specific fiscal requirements and property values in the area. Understanding these rates is crucial for property owners who want to manage their tax liabilities effectively.

Property Tax Rates Across Crest Hill, 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 Crest Hill Tax Rate

2.57%

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 Crest Hill, Will County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
60403	1.90%	2.43%	2.57%	2.67%	2.84%
60435	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Crest Hill, Will County, Illinois

When examining property taxes in Crest Hill, 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 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 Crest Hill. For example, the median home price in Crest Hill is $191,744, with tax bills ranging significantly across the county. Zip code 60403 has the highest median home price at $191,766.

Property Tax Assessment Values Across Crest Hill, Will County, Illinois

Source: Ownwell

$101,070

$390,154

$679,238

Median Crest Hill Market Value

$191,744

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 Crest Hill, Will County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
60403	$121,350	$147,896	$191,766	$240,798	$304,218
60435	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Crest Hill, Will County, Illinois

In Crest Hill, located in Will County, IL, property tax bills are determined by assessing the property's value and applying the local tax rate. With a median home price of $191,744, homeowners face a property tax rate that results in a median tax bill significantly higher than the national average of $2,400. The tax bill in this area ranges from $3,504 at the 25th percentile to $7,804 at the 90th percentile, highlighting the substantial financial burden on homeowners. Key factors influencing the tax bill include the property's assessed value and the local tax rate. The highest and lowest median tax bills in the area are both $4,690, indicating a consistent tax rate across different neighborhoods. This financial commitment can be challenging for homeowners, but Ownwell offers a solution. By providing expert property tax appeal and exemption services, Ownwell helps homeowners potentially reduce their property tax bills, ensuring they only pay their fair share and can save money annually.

Property Tax Bills Across Crest Hill, Will County, Illinois

Source: Ownwell

$1,870

$11,744

$21,617

Median Crest Hill Tax Bill

$4,688

Median Will County Tax Bill

$6,703

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Crest Hill, Will County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
60403	$2,717	$3,507	$4,690	$6,180	$7,806
60435	N/A	N/A	N/A	N/A	N/A

Source: Ownwell