Crete, Will County, Illinois Property Taxes

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

Median Crete, IL effective property tax rate: 3.34%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Crete, IL home value: $202,467
Median annual Crete, IL tax bill: $6,603, $4,203 higher than the national median property tax bill of $2,400.

How are property taxes in Will County calculated?

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

Last Updated March 1, 2025

Crete, Will County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

3.34%

Estimate Property Tax Bill

$6,762

$6,275

Ownwell’s Crete Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Crete with just two data points. By entering your property's estimated assessed value, our calculator applies Crete’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 Crete, 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 Crete’s effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S.

Crete in Will County stands out with a median property tax rate of 3.34%, significantly higher than the national median of 1.02%. This rate also positions Crete at the top end of the spectrum within Illinois. Property owners in Crete face a considerable tax burden compared to other regions, reflecting the local government's budgetary needs and the value of taxable properties. Understanding these rates can help property owners in Crete make informed decisions about property investments and financial planning.

Property Tax Rates Across Crete, 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 Crete Tax Rate

3.34%

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 Crete, Will County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
60417	2.56%	3.10%	3.34%	3.55%	3.66%

Source: Ownwell

Property Tax Assessment Values Across Crete, Will County, Illinois

When examining property taxes in Crete, 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 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 Crete.

For example, the median home price in Crete is $202,467, with tax bills ranging significantly across the county. Zip code 60417 has the highest median home price at $202,467.

Property Tax Assessment Values Across Crete, Will County, Illinois

Source: Ownwell

$101,070

$390,154

$679,238

Median Crete Market Value

$202,467

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 Crete, Will County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
60417	$107,517	$149,982	$202,467	$259,718	$325,239

Source: Ownwell

Property Tax Bills Across Crete, Will County, Illinois

In Crete, located in Will County, IL, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Crete is approximately $202,467. The property tax rate in this area is significantly higher than the national median of 1.02%, resulting in a median tax bill of $6,603, which is considerably above the national median property tax bill of $2,400. Factors such as local government budgets and public service needs influence the tax rate, impacting how much homeowners pay annually. Homeowners in Crete may face tax bills ranging from $4,594 at the 25th percentile to $10,996 at the 90th percentile, reflecting the variability based on property values and specific circumstances. Ownwell offers expert property tax appeal services, helping homeowners potentially reduce their tax burden. By analyzing property assessments and identifying discrepancies, Ownwell can assist in filing appeals, ensuring homeowners in Crete pay a fair tax amount, ultimately leading to significant savings.

Property Tax Bills Across Crete, Will County, Illinois

Source: Ownwell

$1,870

$11,744

$21,617

Median Crete Tax Bill

$6,603

Median Will County Tax Bill

$6,703

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Crete, Will County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
60417	$2,956	$4,594	$6,603	$8,668	$10,996

Source: Ownwell