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Illinois Property Tax Information
Gain insightful knowledge on property tax assessments, tax records, rates and exemptions
Search Property Tax Records in Illinois
Navigating our database of property tax records is done with ease. Just type in a single property address and a property report will be pulled up containg: property tax information, property assessment value, property ownership records, deeds, tax liens, and more.
Create a free basic account on PropertyShark.com and get instant access to our database of property tax records. Use the property search tool sample below!
Sample Property Tax Report for a Illinois property
The State of Illinois does not have a statewide property tax. Property taxes are determined at local levels, and pay for services such as schools, libraries, park districts, fire protection districts and others. In Illinois, taxable property includes only real property such as land, buildings or permanent facilities.
Market value has been defined by The Supreme Court as the sale price of real estate as agreed upon between a willing buyer and willing seller, with neither being under duress to buy or sell.
|Market value (estimated)||=||$212,130|
Assessment is the basis upon which taxing authorities tax a property. Real property in Illinois is generally assessed at 1/3 of its market value.
|Non farm land assessed value||$24,231|
|Non farm building assessed value||+||$46,479|
Exemptions are available in McHenry County, which may lower the property's tax bill. These are deducted from the property's assessed value. The amount obtained is multiplied by the tax equalization factor to give the property's taxable value.
Unfortunately, no data regarding the exact exemption or exclusion values were provided to us.
The Illinois Department of Revenue is required by law to calculate a tax equalization factor, often called the multiplier, to achieve uniform property assessment throughout the state. Once the Department has certified the final equalization factor, the County Clerk applies the factor to the assessed value determined by the Assessor and modified by the Board of Review. The new value is called equalized assessed value (EAV) and farm land and building assessed value may be added to give the property's taxable value.
Right now the equalization factor for McHenry County is 1.
For this property, no farm values are added, so the equalized assessed value is equal to the taxable value.
|Equalized assessed value||=||$70,710|
Property tax is obtained by multiplying the final taxable value by the total tax rate applicable to it and is an estimate of what an owner not benefiting from any exemptions would pay.
Actual taxes might differ from the figures displayed here due to various abatement and financial assistance programs.
|Tax description||Taxable value||Tax rate||Tax amount|
|School Dist #12||$70,710||*||6.5353%||=||$4,621.08|
|College Dist #528||$70,710||*||0.4306%||=||$304.51|
|Road & Bridge||$70,710||*||0.3537%||=||$250.11|
Tax per SqFt: $1.96
On this map, you can see the tax value paid per square foot for this property.
|Square Foot||3480 SqFt|
|Tax per sqft:||$1.96|
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