Custer Park, Will County, Illinois Property Taxes

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

Median Custer Park, IL effective property tax rate: 1.91%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Custer Park, IL home value: $214,276
Median annual Custer Park, IL tax bill: $4,049, $1,649 higher than the national median property tax bill of $2,400.

How are property taxes in Will County calculated?

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

Last Updated March 1, 2025

Custer Park, Will County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.91%

Estimate Property Tax Bill

$4,093

$3,798

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

Local government entities set tax rates, which can vary widely within a state. This is because 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 Custer Park’s effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S. Custer Park, located in Will County, has a median property tax rate of 1.91%, which is significantly higher than the national median of 1.02%. This places Custer Park among the higher property tax regions in the country. The property tax rate in Custer Park is consistent across the county, as evidenced by the same rate being the highest and lowest in the area. Understanding these rates can help property owners make informed decisions about appealing their property taxes or seeking exemptions, especially when the rates are above the national average.

Property Tax Rates Across Custer Park, 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 Custer Park Tax Rate

1.91%

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 Custer Park, Will County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
60481	1.68%	1.83%	1.91%	1.98%	2.08%

Source: Ownwell

Property Tax Assessment Values Across Custer Park, Will County, Illinois

When examining property taxes in Custer Park, 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 Custer Park. For example, the median home price in Custer Park is $214,276, with tax bills ranging significantly across the county. Zip code 60481 has the highest median home price at $214,276.

Property Tax Assessment Values Across Custer Park, Will County, Illinois

Source: Ownwell

$101,070

$390,154

$679,238

Median Custer Park Market Value

$214,276

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 Custer Park, Will County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
60481	$122,398	$165,848	$214,276	$280,848	$350,183

Source: Ownwell

Property Tax Bills Across Custer Park, Will County, Illinois

In Custer Park, located in Will County, IL, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. The assessed value is typically a percentage of the home's market value. The median home price in this area is $214,276, and the property tax rate is applied to this assessed value to determine the tax bill. Factors such as local government budgets, school funding requirements, and public service needs also influence the tax rate. Homeowners in Custer Park face property tax bills that range from $3,001 at the 25th percentile to $6,805 at the 90th percentile, with a median bill of $4,049. This median tax bill is considerably higher than the national median of $2,400. Ownwell can assist homeowners by offering property tax appeal services, potentially reducing their assessed value and, consequently, their tax bill. By leveraging expertise in local tax regulations, Ownwell helps ensure homeowners pay only their fair share, providing significant savings.

Property Tax Bills Across Custer Park, Will County, Illinois

Source: Ownwell

$1,870

$11,744

$21,617

Median Custer Park Tax Bill

$4,049

Median Will County Tax Bill

$6,703

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Custer Park, Will County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
60481	$2,027	$3,001	$4,049	$5,356	$6,805

Source: Ownwell