Homer Glen, Will County, Illinois Property Taxes

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

Median Homer Glen, IL effective property tax rate: 2.46%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Homer Glen, IL home value: $369,315
Median annual Homer Glen, IL tax bill: $8,918, $6,518 higher than the national median property tax bill of $2,400.

How are property taxes in Will County calculated?

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

Last Updated March 1, 2025

Homer Glen, Will County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.46%

Estimate Property Tax Bill

$9,085

$8,431

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

In Homer Glen, located in Will County, the property tax rate stands at 2.46%, which is significantly higher than the national median property tax rate of 1.02%. This places Homer Glen among the cities with the highest property tax rates in Illinois, as the state itself has a relatively high median property tax rate. In comparison to the national median property tax bill of $2,400, homeowners in Homer Glen face substantially higher tax bills due to the elevated tax rate. Understanding these differences can help homeowners make informed decisions and potentially explore options for appealing their property taxes.

Property Tax Rates Across Homer Glen, 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 Homer Glen Tax Rate

2.46%

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 Homer Glen, Will County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
60441	2.81%	2.92%	2.93%	2.93%	2.95%
60491	2.18%	2.35%	2.46%	2.60%	2.67%

Source: Ownwell

Property Tax Assessment Values Across Homer Glen, Will County, Illinois

When examining property taxes in Homer Glen, 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 Homer Glen.

For example, the median home price in Homer Glen is $369,315, with tax bills ranging significantly across the county. The 60491 zip code has the highest median home price at $369,315.

Property Tax Assessment Values Across Homer Glen, Will County, Illinois

Source: Ownwell

$101,070

$390,154

$679,238

Median Homer Glen Market Value

$369,315

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 Homer Glen, Will County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
60441	$277,427	$283,365	$294,652	$323,095	$367,194
60491	$239,148	$299,412	$369,315	$451,356	$564,391

Source: Ownwell

Property Tax Bills Across Homer Glen, Will County, Illinois

In Homer Glen, located in 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, resulting in the annual property tax bill. Homeowners in Homer Glen face a median tax bill significantly higher than the national median of $2,400, with figures ranging from $7,030 at the 25th percentile to $14,320 at the 90th percentile. This high tax burden can strain homeowners, especially when compared to the national median property tax rate of 1.02%. With the highest median tax bill reaching $8,919 in the 60491 zip code, it's crucial for homeowners to explore potential savings. Ownwell offers expertise in property tax appeals and exemptions, helping homeowners potentially reduce their tax bills by ensuring their property is fairly assessed. By utilizing Ownwell's services, homeowners can navigate the complexities of property tax assessments and potentially save thousands on their annual tax obligations.

Property Tax Bills Across Homer Glen, Will County, Illinois

Source: Ownwell

$1,870

$11,744

$21,617

Median Homer Glen Tax Bill

$8,918

Median Will County Tax Bill

$6,703

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Homer Glen, Will County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
60441	$8,096	$8,281	$8,629	$9,521	$10,217
60491	$5,357	$7,022	$8,919	$11,200	$14,325

Source: Ownwell