Lemont, Will County, Illinois Property Taxes
Median Lemont, IL effective property tax rate: 2.25%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Lemont, IL home value: $320,475
Median annual Lemont, IL tax bill: $7,135, $4,735 higher than the national median property tax bill of $2,400.
How are property taxes in Will County calculated?
Property taxes in Lemont, 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 Lemont’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Lemont, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Lemont, Will County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.25%
Estimate Property Tax Bill
$7,211
$6,691
Property Tax Rates Across Lemont, 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, this is the annual process in a nutshell.
In Lemont, located in Will County, IL, the effective property tax rate is significantly higher than the national median property tax rate of 1.02%. This makes it important for homeowners in Lemont to be aware of potential savings through property tax appeals or exemptions. By comparing Lemont's effective property tax rate to other cities in Illinois and the national median, homeowners can better understand the tax landscape and explore options to reduce their tax burden. Engaging with property tax consultants can provide valuable insights and assistance in navigating this process, potentially leading to significant savings for property owners in Lemont.
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 Lemont Tax Rate
2.25%
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 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 Lemont, Will County, Illinois
Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
60439 | 2.05% | 2.14% | 2.25% | 2.80% | 3.08% |
Source: Ownwell
Property Tax Assessment Values Across Lemont, Will County, Illinois
When examining property taxes in Lemont, 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 Lemont.
For example, the median home price in Lemont is $320,475, with tax bills ranging significantly across the county. Zip code 60439 has the highest median home price at $320,475.
Property Tax Assessment Values Across Lemont, Will County, Illinois
Source: Ownwell

$101,070
$390,154
$679,238
Median Lemont Market Value
$320,475
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 Lemont, Will County, Illinois
Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
60439 | $173,234 | $242,826 | $320,475 | $433,005 | $605,840 |
Source: Ownwell
Property Tax Bills Across Lemont, Will County, Illinois
In Lemont, located in Will County, IL, property tax bills are determined by applying the local tax rate to the assessed value of a home. The assessed value is typically a percentage of the market value, which in Lemont is influenced by factors such as location, home size, and property condition. With a median home price of $320,475, homeowners in Lemont face a median property tax bill of $7,135, significantly higher than the national median of $2,400. This can place a considerable financial burden on homeowners, especially when compared to the national median property tax rate of 1.02%.
Ownwell offers a solution by helping homeowners appeal their property tax assessments. By conducting a thorough analysis of property values and identifying potential inaccuracies in assessments, Ownwell can assist in reducing tax liabilities. This service not only helps homeowners save money but also ensures they are paying a fair tax rate based on an accurate property assessment.
Median Lemont Tax Bill
$7,135
Median Will County Tax Bill
$6,703
Median Illinois Tax Bill
$4,715
Median United States Tax Bill
$2,400
Property Tax Bills Across Lemont, Will County, Illinois
Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
60439 | $3,620 | $5,356 | $7,135 | $10,988 | $15,381 |
Source: Ownwell