Elgin, Dupage County, Illinois Property Taxes

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

Median Elgin, IL effective property tax rate: 2.31%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Elgin, IL home value: $296,700
Median annual Elgin, IL tax bill: $6,866, $4,466 higher than the national median property tax bill of $2,400.

How are property taxes in DuPage calculated?

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

Last Updated March 1, 2025

Elgin, Dupage County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.31%

Estimate Property Tax Bill

$6,854

$6,360

Ownwell’s Elgin Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Elgin with just two data points. By entering your property's estimated assessed value, our calculator applies Elgin’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 DuPage. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Elgin, Dupage County, Illinois

Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Elgin in DuPage County, IL, has an effective property tax rate of 2.31%. This is significantly higher than the national median property tax rate of 1.02%. The property tax bill in Elgin also surpasses the national median bill of $2400. The higher rates can be attributed to the county's budgetary needs and the value of taxable properties within its boundaries. When compared to other cities in Illinois and the national median, Elgin's property tax rate stands out, reflecting the diverse landscape of property taxation across the country. Understanding these differences can help property owners make informed decisions about their investments and potential savings.

Property Tax Rates Across Elgin, Dupage County, Illinois

Source: Ownwell

1.32%

2.17%

3.03%

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 Elgin Tax Rate

2.31%

Median Effective Dupage County Tax Rate

2.22%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Elgin, Dupage County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
60120	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Elgin, Dupage County, Illinois

When examining property taxes in Elgin, 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 DuPage County Assessor's Office 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.

In DuPage 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 Elgin. For example, the median home price in Elgin is $296,700, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Elgin, Dupage County, Illinois

Source: Ownwell

$72,210

$441,000

$809,790

Median Elgin Market Value

$296,700

Median Dupage County Market Value

$319,350

Median Illinois Market Value

$194,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Elgin, Dupage County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
60120	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Elgin, Dupage County, Illinois

In Elgin, IL, property tax bills are calculated based on the assessed value of the property, which is derived from the market value. The local tax rate, determined by various taxing authorities, is then applied to this assessed value. Homeowners in Elgin face a substantial property tax burden, with the median tax bill reaching $6,866, significantly higher than the national median of $2,400. This high tax bill can be attributed to the local tax rate and the assessed property values, which are influenced by factors such as location, property size, and market conditions.

High property taxes can be a financial strain on homeowners. However, Ownwell offers a solution by providing property tax appeal and exemption services. By analyzing property assessments and market data, Ownwell helps homeowners identify discrepancies or overvaluations in their property assessments. This process can lead to a reduction in the assessed value, ultimately lowering the property tax bill. With Ownwell's expertise, homeowners in Elgin can potentially save significantly on their property taxes.

Property Tax Bills Across Elgin, Dupage County, Illinois

Source: Ownwell

$1,758

$7,802

$13,846

Median Elgin Tax Bill

$6,866

Median Dupage County Tax Bill

$7,313

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Elgin, Dupage County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
60120	N/A	N/A	N/A	N/A	N/A

Source: Ownwell