Coal City, Grundy County, Illinois Property Taxes
Property Taxes in Coal City, Illinois
Median Coal City, Illinois effective property tax rate: 2.38%, significantly higher than the national median of 1.02%, and slightly higher than the Illinois state median of 2.33%.
Median Coal City, Illinois home value: $183,726
Median annual Coal City, Illinois tax bill: $4,369, higher than the national median property tax bill of $2,400.
How are property taxes in Grundy County calculated?
Property taxes in Coal City, Illinois 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 Coal City’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Coal City, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Coal City, Grundy County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.38%
Estimate Property Tax Bill
$4,373
$4,058
How Does the Coal City Property Tax Calculator Work?
Use this Coal City property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Coal City's median effective tax rate of 2.38% — based on actual property records in Grundy County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local assessment authority uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Coal City's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Coal City: rates range from 2.38% in 60416 to 2.38% in 60416, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Coal City.
About Coal City Property Taxes
About Property Taxes in Coal City, Grundy, Illinois
Coal City's median effective property tax rate of 2.38% is higher than the Illinois state median of 2.33% and higher than the national median of 1.02%. This rate reflects the Grundy County base levy combined with local school district levies and special service areas that can vary by subdivision throughout the city.
Property tax rates are not uniform across Coal City. Homeowners in the 60416 ZIP code carry a median effective rate of 2.38%, while those in the same ZIP code also pay 2.38%. This reflects how local assessment districts and school boundaries are drawn across Grundy County. Understanding where you live in Coal City can still matter when reviewing your annual tax bill.
Coal City homeowners who believe their assessed value is too high can file a formal appeal with the local Tax Assessor before the June 1, 2026 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Coal City, Grundy County, Illinois
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? Because annually, 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.
Below, you can compare Coal City's effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S.
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 Coal City Tax Rate
2.38%
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 Grundy County Tax Rate
2.61%
Median Effective Illinois Tax Rate
2.33%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Coal City, Grundy County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60416 | 1.89% | 2.38% | 2.38% | 2.45% | 2.45% |
Source: Ownwell
Property Tax Assessment Values Across Coal City, Grundy County, Illinois
When examining property taxes in Coal City, Illinois, 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 Grundy County assessment authority 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.
Assessment notices:
In Grundy County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of the month.
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. For example, the median home price in Coal City is $183,726, with a median tax bill of $4,369. The highest median home price is in 60416.
Property Tax Assessment Values Across Coal City, Grundy County, Illinois
Source: Ownwell
$25,910
$191,346
$356,782
Median Coal City Market Value
$183,726
Median Grundy County Market Value
$179,043
Median Illinois Market Value
$227,888
Median United States Market Value
$235,294
Property Tax Assessment Values Across Coal City, Grundy County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60416 | $68,632 | $129,611 | $183,726 | $297,901 | $432,030 |
Source: Ownwell
Property Tax Bills Across Coal City, Grundy County, Illinois
Property tax bills in Coal City are calculated by applying the local tax rate to a home’s assessed value, which is based on the market value of the property. Local taxing bodies, including schools and municipal services, set the rates that determine how much homeowners owe each year. For a home with a median price of $183,726, the property tax bill reflects both the assessed value and the combined tax rates in Grundy County.
These bills can vary widely depending on the home and its location. In Coal City, the median property tax bill is $4,369, which is above the national median property tax bill of $2,400 and the national median property tax rate of 1.02%. Bills can range from $3,031 at the 25th percentile to $6,816 at the 75th percentile, with the 90th percentile reaching $9,893. That means homeowners with higher assessed values or fewer exemptions may pay significantly more, making property taxes an important part of the cost of owning a home.
Median Coal City Tax Bill
$4,369
Median Grundy County Tax Bill
$4,909
Median Illinois Tax Bill
$5,277
Median United States Tax Bill
$2,400
Property Tax Bills Across Coal City, Grundy County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60416 | $1,689 | $3,031 | $4,369 | $6,816 | $9,893 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | July 1 |
Links | |
|---|---|
| Grundy Tax Assessor | |
| Website | tax.grundyco.org |