Romeoville, Will County, Illinois Property Taxes

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

Median Romeoville, IL effective property tax rate: 2.83%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%. Median Romeoville, IL home value: $215,289. Median annual Romeoville, IL tax bill: $6,081, $3,681 higher than the national median property tax bill of $2,400.

How are property taxes in Will County calculated?

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

Last Updated March 1, 2025

Romeoville, Will County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.83%

Estimate Property Tax Bill

$6,093

$5,654

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

Local government entities set tax rates, and these can vary significantly within a state. The process involves each county estimating its necessary budget to provide services and then dividing that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. Although votes and laws play a role in setting these rates and budgets, this is essentially the annual procedure.

Romeoville, in Will County, Illinois, stands out with an effective property tax rate of 2.83%. Compared to the national median property tax rate of 1.02%, Romeoville's rate is considerably higher. This is reflective of the broader trend in Illinois, where property tax rates often exceed the national average. The median property tax bill in Romeoville is also notably higher than the national median of $2,400, underscoring the region's substantial property tax burden. This comparison highlights the importance of understanding local tax rates and considering property tax appeal and exemption services to potentially alleviate the financial load.

Property Tax Rates Across Romeoville, 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 Romeoville Tax Rate

2.83%

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 Romeoville, Will County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
60446	2.37%	2.65%	2.83%	3.03%	3.32%

Source: Ownwell

Property Tax Assessment Values Across Romeoville, Will County, Illinois

When examining property taxes in Romeoville, 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. Assessment notices: 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 Romeoville. For example, the median home price in Romeoville is $215,289, with tax bills ranging significantly across the county. 60446 has the highest median home price at $215,289.

Property Tax Assessment Values Across Romeoville, Will County, Illinois

Source: Ownwell

$101,070

$390,154

$679,238

Median Romeoville Market Value

$215,289

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 Romeoville, Will County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
60446	$165,213	$183,200	$215,289	$264,240	$299,223

Source: Ownwell

Property Tax Bills Across Romeoville, Will County, Illinois

In Romeoville, 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. This assessed value is then multiplied by the local tax rate to determine the tax bill. Homeowners in Romeoville face a median property tax bill of $6,081, significantly higher than the national median of $2,400. The tax bills range widely, with the 25th percentile at $5,015 and the 90th percentile reaching $8,811, reflecting disparities in property values and tax rates across the area. These high tax rates can pose a financial burden on homeowners, impacting their overall cost of living. Ownwell offers expert property tax appeal services, helping homeowners potentially reduce their tax bills by ensuring their property is not over-assessed. By leveraging local market data and providing personalized guidance, Ownwell can assist homeowners in navigating the complex tax appeal process, ultimately aiming to lower their annual property tax expenses.

Property Tax Bills Across Romeoville, Will County, Illinois

Source: Ownwell

$1,870

$11,744

$21,617

Median Romeoville Tax Bill

$6,081

Median Will County Tax Bill

$6,703

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Romeoville, Will County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
60446	$4,386	$5,015	$6,081	$7,521	$8,811

Source: Ownwell