Aroma Park, Kankakee County, Illinois Property Taxes
Median Aroma Park, IL effective property tax rate: 3.15%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Aroma Park, IL home value: $92,649
Median annual Aroma Park, IL tax bill: $2,916, $516 higher than the national median property tax bill of $2,400.
How are property taxes in Kankakee calculated?
Property taxes in Aroma Park, 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 Aroma Park’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Aroma Park, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Aroma Park, Kankakee County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.81%
Estimate Property Tax Bill
$3,290
$3,053
Property Tax Rates Across Aroma Park, Kankakee 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 Aroma Park’s effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S. Aroma Park, located in Kankakee County, has a median property tax rate of 3.15%, significantly higher than the national median of 1.02%. This means homeowners in Aroma Park may face higher property tax bills compared to many other places across the country. Understanding these rates can be crucial for property owners looking to manage their tax liabilities effectively. Comparing Aroma Park’s rate with the state and national medians provides valuable insights into the local tax climate, helping residents make informed decisions about property investments and financial planning.
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 Aroma Park Tax Rate
2.81%
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 Kankakee County Tax Rate
3.15%
Median Effective Illinois Tax Rate
2.33%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Aroma Park, Kankakee County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60910 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Aroma Park, Kankakee County, Illinois
When examining property taxes in Aroma Park, 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 Kankakee 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 Kankakee 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 Aroma Park. For example, the median home price in Aroma Park is $92,649, with tax bills ranging significantly across the county. 60910 has the highest median home price at $92,649.
Property Tax Assessment Values Across Aroma Park, Kankakee County, Illinois
Source: Ownwell
$35,619
$121,247
$206,874
Median Aroma Park Market Value
$117,084
Median Kankakee County Market Value
$151,347
Median Illinois Market Value
$227,888
Median United States Market Value
$235,294
Property Tax Assessment Values Across Aroma Park, Kankakee County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60910 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Aroma Park, Kankakee County, Illinois
In Aroma Park, IL, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. Homeowners in this region experience property tax bills that can vary significantly, with the 25th percentile at $2,324 and the 75th percentile reaching $3,459. These figures are notably higher than the national median property tax bill of $2,400, highlighting the financial burden on homeowners in Aroma Park. The property tax rate in Illinois is influenced by various factors, including local government budgets and school funding needs.
Homeowners can find these expenses challenging, but Ownwell offers a solution. By providing expert property tax appeal and exemption services, Ownwell helps homeowners potentially reduce their tax bills. Our team of professionals reviews your property's assessed value and identifies opportunities for savings, ensuring you only pay your fair share. With Ownwell's assistance, homeowners in Aroma Park can alleviate some of the financial pressure associated with high property taxes, making homeownership more affordable in the long run.
Median Aroma Park Tax Bill
$3,005
Median Kankakee County Tax Bill
$4,678
Median Illinois Tax Bill
$5,277
Median United States Tax Bill
$2,400
Property Tax Bills Across Aroma Park, Kankakee County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60910 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell