Verona, Grundy County, Illinois Property Taxes
Property Taxes in Verona, Illinois
Median Verona, Illinois effective property tax rate: 3.60%, significantly higher than the national median of 1.02%, and higher than the Illinois state median of 2.33%.
Median Verona, Illinois home value: $126,020
Median annual Verona, Illinois tax bill: $5,147, $2,747 higher than the national median property tax bill of $2,400.
How are property taxes in Grundy calculated?
Property taxes in Verona, 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 Verona's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Verona, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Verona, Grundy County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
3.6%
Estimate Property Tax Bill
$4,537
$4,210
How Does the Verona Property Tax Calculator Work?
Use this Verona property tax calculator to estimate your annual property tax bill. Enter your property’s assessed value and our calculator applies Verona’s median effective tax rate of 3.60% — 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 Verona’s median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Verona’s median effective tax rate is higher than the Illinois median tax rate of 2.33% and also higher than the national median property tax rate of 1.02%. The median property tax bill is $5,147, which is $2,747 higher than the Illinois median tax bill and above the national median property tax bill of $2,400.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Verona.
About Verona Property Taxes
About Property Taxes in Verona, Grundy, Illinois
Verona’s median effective property tax rate of 3.60% 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 levy and local taxing districts that shape property taxes across the city.
Property tax rates are not uniform across Verona. Homeowners in ZIP code 60479 carry a median effective rate of 3.60%, and the same ZIP code also reflects the city’s median home value of $126,020 and median tax bill of $5,147. That bill is higher than the national median property tax bill of $2,400 by $2,747.
Verona homeowners who believe their assessed value is too high can file a formal appeal with the Grundy County 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 Verona, 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 Verona'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 Verona Tax Rate
3.60%
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 Verona, Grundy County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60479 | 2.70% | 2.87% | 3.60% | 4.12% | 4.56% |
Source: Ownwell
Property Tax Assessment Values Across Verona, Grundy County, Illinois
When examining property taxes in Verona, 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 month when notices are sent.
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 Verona.
For example, the median home price in Verona is $126,020, with tax bills ranging significantly across the county. 60479 has the highest median home price at $126,020.
Property Tax Assessment Values Across Verona, Grundy County, Illinois
Source: Ownwell
$25,910
$191,346
$356,782
Median Verona Market Value
$126,020
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 Verona, Grundy County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60479 | $19,198 | $49,828 | $126,020 | $217,408 | $306,076 |
Source: Ownwell
Property Tax Bills Across Verona, Grundy County, Illinois
How are property tax bills calculated in Verona, Grundy County?
Property tax bills in Verona are based on the assessed value of a home, not its market price. Local tax rates are then applied to that assessed value, and the final bill reflects how the property is classified and what local governments need to fund. For homeowners, this means a higher assessed value can lead to a larger tax bill, even if the home has not been sold.
What factors affect the amount owed?
The median home price in Verona is $126,020, and the median property tax bill is $5,147. That is above the national median property tax bill of $2,400 and above the national median property tax rate of 1.02%. Bills can vary widely, with the 25th percentile at $2,109 and the 75th percentile at $8,916. At the 90th percentile, the bill reaches $11,684.
How does this affect homeowners?
Because property taxes are tied to assessed value and local rates, homeowners in Verona may see significant differences from one property to another, even within the same county.
Median Verona Tax Bill
$5,147
Median Grundy County Tax Bill
$4,909
Median Illinois Tax Bill
$5,277
Median United States Tax Bill
$2,400
Property Tax Bills Across Verona, Grundy County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60479 | $844 | $2,109 | $5,147 | $8,916 | $11,684 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | July 1 |
Links | |
|---|---|
| Grundy Tax Assessor | |
| Website | tax.grundyco.org |