Orland Park, Will County, Illinois Property Taxes

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

Median Orland Park, IL effective property tax rate: 2.43%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Orland Park, IL home value: $311,198
Median annual Orland Park, IL tax bill: $7,446, $5,046 higher than the national median property tax bill of $2,400.

How are property taxes in Will County calculated?

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

Last Updated March 1, 2025

Orland Park, Will County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.43%

Estimate Property Tax Bill

$7,562

$7,017

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

Local government entities in Illinois set tax rates, which can vary significantly across the state. Each year, counties like Will estimate their required budget to provide essential services and then divide that by the total value of all taxable property within their jurisdiction. This process results in the property tax rate. While votes and laws play a part in setting these rates and budgets, this is essentially the annual process.

In Orland Park, located in Will County, the effective property tax rate is considerably higher than the national median of 1.02%. This rate reflects the county's budgetary needs and the total assessed value of properties. When comparing Orland Park's tax rate to other cities in Illinois, it becomes evident that property taxes here are on the higher end of the spectrum. This is a common trend in Illinois, where property tax rates often surpass the national average. Understanding these rates can help property owners make informed decisions about appeals and exemptions, potentially leading to significant savings.

Property Tax Rates Across Orland 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 Orland Park Tax Rate

2.43%

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 Orland Park, Will County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
60467	2.24%	2.33%	2.43%	2.45%	2.46%

Source: Ownwell

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

When examining property taxes in Orland 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 Orland Park. For example, the median home price in Orland Park is $311,198, with tax bills ranging significantly across the county. Zip code 60467 has the highest median home price at $311,198.

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

Source: Ownwell

$101,070

$390,154

$679,238

Median Orland Park Market Value

$311,198

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 Orland Park, Will County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
60467	$276,434	$287,382	$311,198	$331,751	$411,299

Source: Ownwell

Property Tax Bills Across Orland Park, Will County, Illinois

In Orland Park, located in Will County, IL, property tax bills are calculated by applying the local tax rate to the assessed value of a property. The assessed value is typically a percentage of the property's market value, which in this area, has a median home price of $311,198. Homeowners in Orland Park face a tax bill that can vary significantly, with the 25th percentile at $6,793 and the 75th percentile reaching $8,076. The 90th percentile tax bill can climb as high as $9,596, which is considerably above the national median property tax bill of $2,400. This discrepancy highlights the financial burden on homeowners in this area. Ownwell can assist by reviewing your property tax assessment to identify potential savings and appeal inaccuracies. By leveraging expert knowledge and local data, Ownwell aims to reduce your property tax bill, potentially saving homeowners substantial amounts in a region where tax bills are notably high.

Property Tax Bills Across Orland Park, Will County, Illinois

Source: Ownwell

$1,870

$11,744

$21,617

Median Orland Park Tax Bill

$7,446

Median Will County Tax Bill

$6,703

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Orland Park, Will County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
60467	$6,180	$6,793	$7,446	$8,076	$9,596

Source: Ownwell