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
Refine your research with detailed tax information, such as rates and exemptions for your property of choice. Create a free account and get a full rundown like the sample below.
See detailed property tax information from the sample report for 515 S Kate Ln, Grundy County, IL
Property Tax Calculation
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
Market Values are the estimated sale prices of real estate as agreed upon between willing and well-informed buyers and sellers, with neither being under duress to buy or sell. The total market value here is estimated: sometimes, unavoidably, it includes an agricultural economic value and not the real value of the land or building.
Assessed Value
Assessment is the basis upon which taxing authorities tax a property. Real property in Illinois is assessed at 1/3 of market value. Farmland is assessed according to its agricultural economic value. Farmland assessment applies to tracts of property that have met the legal definition of a farm for the previous two years.
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 tax rates 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 or to non ad-valorem taxes. For more information please visit the web pages of 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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