Dwight, Grundy County, Illinois Property Taxes
Property Taxes in Dwight, Illinois
Median Dwight, Illinois effective property tax rate: 3.61%, significantly higher than the national median of 1.02%, and higher than the Illinois state median of 2.33%.
Median Dwight, Illinois home value: $137,169
Median annual Dwight, Illinois tax bill: $4,768, higher than the national median property tax bill of $2,400.
How are property taxes in Grundy calculated?
Property taxes in Dwight, 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 Dwight's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Dwight, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Dwight, Grundy County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
3.61%
Estimate Property Tax Bill
$4,952
$4,595
How Does the Dwight Property Tax Calculator Work?
Use this Dwight property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Dwight's median effective tax rate of 3.61% — based on actual property records in Grundy County — to generate your estimate.
Enter your property's estimated assessed value — the figure used to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Dwight'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 Dwight: rates range from 3.61% in 60420 to 3.61% in 60420, 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 Dwight.
About Dwight Property Taxes
About Property Taxes in Dwight, Grundy, Illinois
Dwight's median effective property tax rate of 3.61% 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 vary by subdivision throughout the city.
Property tax rates are not uniform across Dwight. Homeowners in the 60420 ZIP code carry a median effective rate of 3.61%, while those in the same ZIP also pay 3.61%. This reflects how school district boundaries and local assessment districts are drawn across Grundy County.
Dwight homeowners who believe their assessed value is too high can file a formal appeal with the Tax Assessor before the June 1, 2026 deadline each year.
If your estimated bill 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 Dwight, 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 Dwight'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 Dwight Tax Rate
3.61%
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 Dwight, Grundy County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60420 | 2.41% | 2.81% | 3.61% | 3.86% | 4.13% |
Source: Ownwell
Property Tax Assessment Values Across Dwight, Grundy County, Illinois
When examining property taxes in Dwight, 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 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.
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 season.
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 Dwight.
For example, the median home price in Dwight is $137,169, with tax bills ranging significantly across the county. 60420 has the highest median home price at $137,169.
Property Tax Assessment Values Across Dwight, Grundy County, Illinois
Source: Ownwell
$25,910
$191,346
$356,782
Median Dwight Market Value
$137,169
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 Dwight, Grundy County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60420 | $22,455 | $68,796 | $137,169 | $278,397 | $723,786 |
Source: Ownwell
Property Tax Bills Across Dwight, Grundy County, Illinois
Property tax bills in Dwight are based on the assessed value of a home, not its market price alone. Local taxing authorities set tax rates, and the final bill is calculated by applying those rates to the property’s assessed value after any exemptions or adjustments. For homeowners, this means two houses with similar market values can still have different tax bills if their assessed values or tax rates differ.
In Dwight, the median home price is $137,169, and the median property tax bill is $4,768 in ZIP code 60420. That amount is above the national median property tax bill of $2,400 and reflects how local assessments and tax rates can raise the total homeowners owe.
Property taxes directly affect monthly housing costs and long-term affordability. When assessments increase, tax bills can rise even if a homeowner has not made major changes to the property.
Median Dwight Tax Bill
$4,768
Median Grundy County Tax Bill
$4,909
Median Illinois Tax Bill
$5,277
Median United States Tax Bill
$2,400
Property Tax Bills Across Dwight, Grundy County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60420 | $1,171 | $2,707 | $4,768 | $9,552 | $24,223 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | July 1 |
Links | |
|---|---|
| Grundy Tax Assessor | |
| Website | tax.grundyco.org |