Services. The average property tax in Naperville, Illinois, was 2.2% last year. Leaflet | Powered by Esri | USGS, NOAA Finance Department 400 S. Eagle St. Naperville, IL 60540 (630) 420-6059 Hours: Monday, Tuesday, Thursday, Friday, 7:30 a.m. - 5 p.m. Wednesday, 10 a.m. - 2 p.m. Property taxes are managed on a county level by the local tax assessor's office. The City of Naperville issues transfer tax stamps for real estate purchases and exempt stamps for owners making deed changes. Call or text 312-667-7681 to schedule your free consultation today. The income tax rate in Illinois is 4.95%, after an increase from 3.75% in 2017. In cases of extreme property tax delinquency, the DuPage County Tax Board may seize the delinquent property and offer it for sale at a public tax foreclosure auction, often at a price well under market value. Your annual property taxes are made up of levies from the individual taxing bodies that service your area. Tax Rates for Naperville, IL Sales Taxes : 6.75% [ The total of all sales taxes for an area, including state, county and local taxes. ] If the property on the Sheriffs Deed was purchased by an individual, a transfer tax stamp would need to be purchased (see above). Median property tax payment: $6,450/year. Monies collected from the tax are restricted for capital projects and to pay off debt. In DuPage County, property tax rates vary widely between suburbs with 2005 taxes rates ranging from $8.2058 for Glendale Heights down to $2.7896 for Oak Brook. 9.2920. The City of Naperville property taxes are a good value. These lists offer details regarding all real estate located within that localtys boundaries. Property tax rates in Cook County are actually higher than the state mark, with an average rate of 2.19% in the county compared to 2.07% for the state. Whether you're starting, running or visiting a Naperville business - find resources to help you. After local officials calculate the assessed values of properties, county boards review these values to determine if they are correct. I live in the City of Aurora, how can I be in Naperville Township? Congratulations! SmartAssets services are limited to referring users to third party advisers registered or chartered as fiduciaries ("Adviser(s)") with a regulatory body in the United States that have elected to participate in our matching platform based on information gathered from users through our online questionnaire. OR The Tax Assessor's office can also provide property tax history or property tax records for a property. In theory, at least total proceeds will equal the fund needed for all planned undertakings that year. The average effective property tax rate in the county is 2.71%, more than double the national average. . If you need specific tax information or property records about a property in DuPage County, contact the DuPage County Tax Assessor's Office. Each company is a separate legal entity operated and managed through its own management and governance structure as required by its state of incorporation and applicable legal and regulatory requirements. Rather the lender, closing lawyer, or escrow agent includes that reimbursable tax with other purchaser financial responsibilities at closing. Counties perform real estate appraisals for Naperville and special governmental units. Mayer said the average Naperville resident pays about $4,550 in taxes, charges and fees to support municipal services, which is a $45 drop from last year. The average effective property tax rate in Madison County is 2.05%. Taxing authorities include Naperville, county governments, and numerous special districts such as public colleges. The county is accountable for assessing the tax value of your real estate, and that is where you will submit your appeal. For example, the effective tax rate in Wisconsin is 2% of the median home value. Our property tax estimates are based on the median property tax levied on similar houses in the DuPage County area. 60563 is in Lisle/Naperville townships and in Du Page county. This differs from a tax deduction, which only lowers an individual or groups tax liability. The DuPage County Homestead Exemption can reduce the appraised valuation of a primary residence before calculating the property tax owed, resulting in a lower annual property tax rate for owner-occupied homes. This law limits property tax growth that results from rising property values. Navigation for contacting and finding help. Probate & Estate Administration. The City of Naperville issues transfer tax stamps for real estate purchases and exempt stamps for owners making deed changes. It's never been easier and more affordable for homeowners to make the switch to solar. She holds a bachelors degree in journalism with an emphasis in political science from Michigan State University, and a masters degree in public administration from the University of Michigan. On appeal, two approaches are often utilized for re-computing proposed market values. Disclaimer: Please note that we can only estimate your DuPage County property tax based on average property taxes in your area. All Rights Reserved. Get preapproved now so that you have all the info you need to make an informed decision while house hunting. Each property is individually t each year, and any improvements or additions made to your property may increase its appraised value. Property taxes are a crucial source of revenue for Naperville and the rest of local public units. These property tax records are excellent sources of information when buying a new property or appealing a recent appraisal. Litigation & Dispute Resolution. Hours:Monday, Tuesday, Thursday, Friday, 7:30 a.m. - 5 p.m.Wednesday, 10 a.m. - 2 p.m. 2023 You can usually deduct 100% of your DuPage County property taxes from your taxable income on your Federal Income Tax Return as an itemized deduction. Any improvements are drawn onto a sketch, which represents the square footage, amenities, and shape of the improvement. Both transactions only apply to incorporated properties within Naperville. Copyright Naperville Township | Version. Navigation for contacting and finding help. Proceeds from the DuPage County Personal Property Tax are used locally to fund school districts, public transport, infrastructure, and other municipal government projects. Please leave your name, address and phone number. Both performed in one neighborhood, sales comparisons rely on current sale prices while unequal appraisals expose similar properties estimated values mismatches. To calculate the exact amount of property tax you will owe requires your property's assessed value and the property tax rates based on your property's address. Get the most value from your home with these nine tax deductions. This site provides access to the DuPage County property records database. This type of an agreement means the service charge you are billed wont exceed a percentage of any tax reduction. From that point, purchasers pay back sellers on a pro-rata basis. In year one, local assessing officials appraise real estate to determine a market value for each home in their area. The City of Naperville collects a one percent (1.0%) tax on food and beverages (alcoholic and non-alcoholic), which can be consumed on the premises where purchased. Below the county level, nearly all local public entities have reached agreements for their county to bill and collect taxes. State Motor Fuel Tax (MFT)The State of Illinois collects $0.392 cents per gallon of gasoline or combustible gases sold and $0.467 per gallon of diesel fuel sold. Then review any property market trends whether rising or falling. Kendall County. Special Events & Cultural Amenities Fund Grant, Statement of Open Accounts (apply online), Skip the footer and return to Main Navigation, Services and Resources for People With Disabilities. As an example, four local similar buildings sold for $1,000,000 recently, however the contested property with $100K in wind damage now has a $900K revised value. These candidates tax assessments are then matched. Should you be unsure whether or not your bill is overstated, act now. Based upon Councils direction and the analysis described, staff compiles tax levy information. in Mortgage Brokers. The first installment 55% of a property owner's total tax bill from the previous year's assessment for tax year 2022 are due before 11:59 p.m. April 3. The following charts display the breakdown for a typical home in Aurora within School District 204, and one for a home in Naperville within School District 203 boundaries. If not, youll be required to appear before a review board and present your case in detail. x. Hours:Monday, Tuesday, Thursday, Friday, 7:30 a.m. - 5 p.m.Wednesday, 10 a.m. - 2 p.m. 2023 However, even taxpayers who use their home as their primary residence may qualify for the Homestead Exemption. Another important exemption is the Senior Citizens Homestead Exemption. Do not use the information on this website as an absolute source of 100% up to date information. Average property taxes: N.A. While the exact property tax rate you will pay is set by the tax assessor on a property-by-property basis, you can use our DuPage County property tax estimator tool to estimate your yearly property tax. Should you have any additional property transfer questions, please call customer service at (630) 420-6059. A typical homeowner in DuPage County pays $7,221 each year in property taxes. All data and statistsics are subject to change and may be incorrect or slightly outdated. You can find a collection of city information relevant to everyone in Naperville, from new residents to long-time community members. Search homes for sale in Downtown Naperville, IL for free. Your tax notice will give you a time period within which you are allowed to submit your protest. With numerous forms, there are three basic appraisal approaches for determining a propertys value. If you omit mandatory details or overlook a filing time limit, your appeal might be dismissed or sent back to you to finish. The appeal may rely on this. The statewide average effective tax rate is 2.07%, nearly double the national average. You can find a collection of city information relevant to everyone in Naperville, from new residents to long-time community members. For example, if your property has a market value of $300,000 your taxes would be calculated as follows: Example. State Rate (%) 6.25 City Direct Rate (%) 0.75 Regional Transportation (%) 0.75 Municipal Tax Note: This page provides general information about property taxes in DuPage County. Lending services provided by Rocket Mortgage, LLC, a subsidiary of Rocket Companies, Inc. (NYSE: RKT). While Cook Countys assessment level of 10% for residential property is lower than the level in the rest of the state (33.33%), this difference is more or less wiped out by the state equalization factor, which was 2.916 for the year 2019. The table below shows average effective property tax rates for every Illinois County. 2000-2023 Rocket Mortgage, LLC. How would I determine the cost of the transfer stamp?The cost is $1.50 per $500 of purchase price, rounding the purchase price up in increments of$500 (i.e. The amount is based on the assessed value of your home and vary depending on your states property tax rate. The DuPage County Clerk has a list of 2005 taxes rates by community. If you are currently living here, only thinking about taking up residence in Naperville, or planning on investing in its property, study how local real estate taxes operate. (optional). If you are requesting an exempt stamp, please include a self-addressed, postage-paid envelope, even though there is no charge to issue the stamp itself. The County of DuPage tries to ensure that the information made available on www.dupageco.org is accurate and complete. The County cannot guarantee against unauthorized modifications of information or errors made in posting data. A portion of the Use Tax collected by the State of Illinois is distributed on a per-capita (population) basis to counties and municipalities. Its also possible to apply for multiple exemptions if you live in certain areas. On Dec. 18, the District 203 School Board approved a levy request for $247.3 million to finance running the district. The 2,739 sq. Properties having a disparity with tax assessed being 10 percent or more over the representative median level will be pinpointed for more study. This exemption is available to homeowners who are 65 years or older and can be applied to their primary residence only. Illinois Property Tax Calculator - SmartAsset Calculate how much you'll pay in property taxes on your home, given your location and assessed home value. The average home in Naperville is valued at $409,000 and an owner of that property could expect to their city tax bill to increase from $818 to $853. Changes are periodically made to the information herein. Please limit your response to 150 characters or less. DuPage County collects, on average, 1.71% of a property's assessed fair market value as property tax. View more property details, sales history and Zestimate data on Zillow. Family Law & Divorce. The median home in DuPage County is worth $315,600, highest of any Illinois county. Get approved to see what you qualify for. I think the services we receive. Kendall County encompasses some of the far western suburbs of Chicagoland, where an average annual property tax rate of 3.00% is as high as it gets. App Store is a service mark of Apple Inc. There are approximately 37,518 people living in the Naperville area. Water and sewage treatment stations lead the way in sanitation problems as well as hospitals in healthcare. Reasons for appeal lie in wait here! Naperville 203 to Provide Economic Relief to Community to Ease Burden During COVID-19 Pandemic. When considering the amount of the initial levy,City Councilconsistently setsan expectationto the City Manager and staff to present a budgetallow for abatements. $150,000 purchase price would be calculated $150,000 / 500 * 1.5 = $450.00). It cannot be discounted short of carrying out a new complete assessment re-examination. About 20% of the revenue generated by county property taxes goes to the Chicago Board of Education. In Illinois there are many community-based governmental entities from counties to cities to special purpose units. This is a likely place to study for appraisal discrepancies and human error. The total State Use Tax rate is 6.25%. Working with an adviser may come with potential downsides such as payment of fees (which will reduce returns). Theyre labeled sales comparisons and unequal appraisals. The levy is sent to the County Clerk where the tax rate is calculated by dividing the total amount of assessed value in the jurisdiction by the levy. Most U.S. homeowners have to pay these fees, usually on a monthly basis, in combination with their mortgage payments. We make solar possible. The amount of property tax owed depends on the appraised fair market value of the property, as determined by the property tax assessor. Research city-specific data across the USA and find the information you need at FactsByCity.com! With any potential incorrect assessment, its time to quickly assemble the facts and consider submitting a formal protest. This is not an offer to buy or sell any security or interest. Looking to calculate your potential monthly mortgage payment? The state of Illinois has the second-highest property taxes in the country. At this point, you better solicit for service of one of the best property tax attorneys in Naperville IL. The Township Assessor is an elected official who determines the value of property for tax purposes. All Rights Reserved. According to the study, Naperville property owners pay nearly 30 percent of their housing costs in property taxes. You can also email your question to tax-relief@naperville203.org or call 630-328-5807 and leave a message. We pride read more. About This Home This beautiful end unit townhouse sits on a quiet dead-end street. DuPage County has one of the highest median property taxes in the United States, and is ranked 27th of the 3143 counties in order of median property taxes.