Grundy County, IL Property Tax Search
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Instantly look up property tax data for any Grundy County, IL home by typing the exact address in the search bar below. Your results will display the amount for the latest tax year.
In-depth Grundy County, IL Property Tax Information
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See detailed property tax information from the sample report for 515 S Kate Ln, Grundy County, IL
Property Tax Calculation
Property taxes are the primary source of funding for local government services in Illinois. Taxing districts, including school districts, municipalities, counties, park districts, libraries, and other local agencies, determine the funding required to provide those services. Each property's tax bill is based on its proportionate share of the total taxable value within the applicable taxing districts.
Market Value
In Grundy County, market value, also known as fair cash value, is determined by the local assessing authority and represents the price a property would most likely sell for in a competitive and open market between a willing buyer and a willing seller, with neither party under any compulsion to buy or sell.
Assessed Value
Assessment is the basis upon which taxing authorities calculate property taxes. Under the Illinois Property Tax Code, real property in Grundy County is generally assessed at 33.33% of its fair market value.
Agricultural land that qualifies as farmland is assessed under a separate state-mandated agricultural assessment system based on the land's productivity rather than its market value.
Exemptions and Taxable Value
Exemptions are available in Grundy County which may lower the property's tax bill. These are deducted from the property's assessed value to give the property's taxable value.
We have no information about whether any exemptions currently apply to this property. Therefore, the taxable value will be equal to the assessed value.
Property Tax
Property tax is calculated by multiplying the property's assessed value by the applicable tax rates and represents an estimate of the amount a property owner would pay without any exemptions.
Actual taxes might differ from the figures displayed here due to various abatement and financial assistance programs. For more information please visit Grundy County's Assessor, Treasurer or look up this property's current valuation and tax situation.
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Grundy County Stats for Property Taxes
Explore the charts below for quick facts on Grundy County effective tax rates, median real estate taxes paid, home values, income levels and homeownership rates, and compare them to state and nationwide trends.
Effective tax rate (%)
2.02% of Assessed Home Value
2.11% of Assessed Home Value
1.02% of Assessed Home Value
Median real estate taxes paid
$4,953
$5,055
$2,869
Median home value
$245,400
$239,100
$281,900
Median income
$89,993
$78,433
$75,149
Owner occupied housing (%)
75.8%
66.7%
64.8%
Renter occupied housing (%)
24.2%
33.3%
35.2%
Frequently Asked Questions on Property Taxes
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All the factors that determine your target property's tax bill are readily available in the full property report.
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