Joliet, Will County, Illinois Property Taxes

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

Median Joliet, IL effective property tax rate: 2.70%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Joliet, IL home value: $173,100
Median annual Joliet, IL tax bill: $4,525, $2,125 higher than the national median property tax bill of $2,400.

How are property taxes in Will County calculated?

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

Last Updated March 1, 2025

Joliet, Will County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.7%

Estimate Property Tax Bill

$4,674

$4,337

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

Property Tax Rates Across Joliet, Will County, Illinois

Local government entities set tax rates, which can vary widely within a state. This variation occurs 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. In Joliet, located in Will County, the effective property tax rate is notably higher than the national median of 1.02%. Joliet's rate is also higher than the median property tax rate for Illinois. This reflects the broader trend in Will County, which has one of the highest median tax rates in the state. By understanding these differences, property owners in Joliet can better anticipate their annual tax obligations and explore potential savings through property tax appeals or exemptions.

Property Tax Rates Across Joliet, Will County, Illinois

Source: Ownwell

1.73%

3.67%

5.61%

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 Joliet Tax Rate

2.70%

Median Effective Will County Tax Rate

2.62%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Joliet, Will County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
60404	2.20%	2.32%	2.36%	2.50%	2.58%
60431	2.24%	2.40%	2.78%	2.87%	2.92%
60432	2.08%	2.52%	2.70%	3.07%	3.08%
60433	2.01%	2.45%	2.62%	2.89%	3.08%
60435	2.23%	2.46%	2.72%	2.83%	3.08%
60436	2.09%	2.48%	2.70%	2.86%	3.08%

Source: Ownwell

Property Tax Assessment Values Across Joliet, Will County, Illinois

When examining property taxes in Joliet, 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 Will 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 Will 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 Joliet.

For example, the median home price in Joliet is $173,100, with tax bills ranging significantly across the county. The 60404 zip code has the highest median home price at $288,129.

Property Tax Assessment Values Across Joliet, Will County, Illinois

Source: Ownwell

$101,070

$390,154

$679,238

Median Joliet Market Value

$173,100

Median Will County Market Value

$251,502

Median Illinois Market Value

$194,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Joliet, Will County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
60404	$200,613	$239,700	$288,129	$336,111	$397,783
60431	$173,175	$200,674	$230,421	$267,657	$304,384
60432	$80,332	$97,288	$120,324	$156,953	$230,936
60433	$80,226	$101,223	$121,308	$159,904	$218,323
60435	$123,581	$152,739	$186,528	$226,058	$265,386
60436	$80,335	$112,839	$139,212	$168,960	$214,495

Source: Ownwell

Property Tax Bills Across Joliet, Will County, Illinois

In Joliet, property tax bills are calculated based on the assessed value of homes, which is determined by the local assessor's office. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. In Will County, where Joliet is located, the property tax rate is significantly higher than the national median rate of 1.02%. Homeowners in Joliet face a median property tax bill of $3,235 at the 25th percentile, which can climb to $7,257 at the 90th percentile. This variation reflects differences in property values and local tax rates. The highest median tax bill in Joliet reaches $6,564, which is notably higher than the national median property tax bill of $2,400. For homeowners, these taxes can be a substantial financial burden. Ownwell assists homeowners in Joliet by identifying potential savings through property tax appeals and exemptions, ensuring they pay only their fair share. Our expert team works diligently to reduce your tax burden, potentially saving you hundreds or even thousands of dollars annually.

Property Tax Bills Across Joliet, Will County, Illinois

Source: Ownwell

$1,870

$11,744

$21,617

Median Joliet Tax Bill

$4,525

Median Will County Tax Bill

$6,703

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Joliet, Will County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
60404	$4,930	$5,573	$6,564	$7,912	$9,566
60431	$4,008	$4,914	$6,114	$7,368	$8,633
60432	$1,619	$2,435	$3,184	$4,431	$6,463
60433	$1,715	$2,451	$3,209	$4,295	$5,627
60435	$2,830	$3,938	$4,896	$6,066	$7,109
60436	$1,889	$2,847	$3,710	$4,580	$5,879

Source: Ownwell