Grand Ridge, Lasalle County, Illinois Property Taxes

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

Median Grand Ridge, IL effective property tax rate: 2.75%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Grand Ridge, IL home value: $97,797
Median annual Grand Ridge, IL tax bill: $2,711, $311 higher than the national median property tax bill of $2,400.

How are property taxes in LaSalle calculated?

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

Last Updated March 1, 2025

Grand Ridge, Lasalle County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.75%

Estimate Property Tax Bill

$2,689

$2,496

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

Property Tax Rates Across Grand Ridge, Lasalle County, Illinois

Local government entities set tax rates, which can vary widely within a state. 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 Grand Ridge’s effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S.

Grand Ridge, located in LaSalle County, has an effective property tax rate of 2.75%, significantly higher than the national median of 1.02%. This means that homeowners in Grand Ridge may face higher property tax bills compared to the national average. However, this rate supports essential services such as schools, infrastructure, and emergency services within the community. Understanding these rates can help homeowners make informed decisions about property investments and financial planning. Comparing Grand Ridge's tax rate to other regions in Illinois can provide valuable insights into the local real estate market and potential tax obligations.

Property Tax Rates Across Grand Ridge, Lasalle County, Illinois

Source: Ownwell

2.19%

3.11%

4.03%

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 Grand Ridge Tax Rate

2.75%

Median Effective Lasalle County Tax Rate

3.01%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Grand Ridge, Lasalle County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
61325	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Grand Ridge, Lasalle County, Illinois

When examining property taxes in Grand Ridge, 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 LaSalle County appraisal district 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 LaSalle 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 Grand Ridge.

For example, the median home price in Grand Ridge is $97,797, with tax bills ranging significantly across the county. The 90th percentile tax bill reaches $3,346, which is above the national median property tax bill of $2,400.

Property Tax Assessment Values Across Grand Ridge, Lasalle County, Illinois

Source: Ownwell

$47,830

$136,637

$225,444

Median Grand Ridge Market Value

$97,797

Median Lasalle County Market Value

$83,415

Median Illinois Market Value

$194,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Grand Ridge, Lasalle County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
61325	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Grand Ridge, Lasalle County, Illinois

In Grand Ridge, LaSalle County, IL, property tax bills are determined by assessing the property's market value and applying the local tax rate. Homeowners in this region face a median property tax bill that can vary significantly. While the national median property tax rate is 1.02%, Grand Ridge homeowners often see a tax bill around the 25th percentile at $1,637, with some reaching the 75th percentile at $3,108 and even the 90th percentile at $3,346. This variation is due to factors such as property location, size, and improvements, which can influence the assessed value. High property taxes can strain homeowners' finances, making it crucial to ensure assessments are accurate. This is where Ownwell comes in. By providing expert property tax appeal and exemption services, Ownwell helps homeowners identify discrepancies in their assessments, potentially lowering their tax bills. With a focus on maximizing savings, Ownwell empowers homeowners to achieve fair property tax rates, offering peace of mind and financial relief.

Property Tax Bills Across Grand Ridge, Lasalle County, Illinois

Source: Ownwell

$1,329

$3,289

$5,248

Median Grand Ridge Tax Bill

$2,711

Median Lasalle County Tax Bill

$2,340

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Grand Ridge, Lasalle County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
61325	N/A	N/A	N/A	N/A	N/A

Source: Ownwell