Schaumburg, Dupage County, Illinois Property Taxes

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

Median Schaumburg, IL effective property tax rate: 2.35%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Schaumburg, IL home value: $171,120
Median annual Schaumburg, IL tax bill: $4,022, $1,622 higher than the national median property tax bill of $2,400.

How are property taxes in DuPage calculated?

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

Last Updated March 1, 2025

Schaumburg, Dupage County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.35%

Estimate Property Tax Bill

$4,021

$3,732

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

Property Tax Rates Across Schaumburg, Dupage County, Illinois

Local government entities set tax rates, which can vary widely within Illinois. Each county estimates its required budget to provide essential services and divides it by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While votes and laws are involved in setting these rates and budgets, this is essentially the annual process. Schaumburg, located in DuPage County, has an effective property tax rate that reflects these calculations. When compared to other cities in Illinois, Schaumburg's rate is part of a broader spectrum within the state. The median property tax rate in Illinois is significantly higher than the national median of 1.02%. Schaumburg's property tax rate is indicative of the state's overall trend, where rates are consistently above the national average. This comparison highlights the importance of understanding local tax dynamics and exploring potential property tax appeals or exemptions.

Property Tax Rates Across Schaumburg, 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 Schaumburg Tax Rate

2.35%

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 Schaumburg, Dupage County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
60196	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Schaumburg, Dupage County, Illinois

When examining property taxes in Schaumburg, 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 April. 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 Schaumburg. For example, the median home price in Schaumburg is $171,120, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Schaumburg, Dupage County, Illinois

Source: Ownwell

$72,210

$441,000

$809,790

Median Schaumburg Market Value

$171,120

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 Schaumburg, Dupage County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
60196	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Schaumburg, Dupage County, Illinois

In Schaumburg, located in DuPage County, IL, property tax bills are calculated based on the assessed value of a home, which is determined as a percentage of the property's market value. The local tax rate is then applied to this assessed value to calculate the annual tax bill. With a median home price of $171,120, homeowners in Schaumburg face a property tax bill around $4,022, significantly higher than the national median of $2,400. This discrepancy highlights the impact of local tax rates and assessment practices on homeowners' financial obligations. The tax bill can be influenced by various factors, including changes in property value, local government budgets, and school district funding needs. Ownwell offers a solution by providing property tax appeal and exemption services to help homeowners reduce their tax burdens. By analyzing assessment data and identifying discrepancies, Ownwell can guide homeowners through the appeal process, potentially lowering their tax bills and ensuring they are not overpaying.

Property Tax Bills Across Schaumburg, Dupage County, Illinois

Source: Ownwell

$1,758

$7,802

$13,846

Median Schaumburg Tax Bill

$4,022

Median Dupage County Tax Bill

$7,313

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Schaumburg, Dupage County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
60196	N/A	N/A	N/A	N/A	N/A

Source: Ownwell