DuPage County Property Tax Rates and Information

Today, we’ll take a look at DuPage County property taxes….  Most property tax bills can be a bit confusing, but they don’t have to be.  If you have ever wondered how the amount you owe was calculated, property tax payments due are based on the equalized value your of your property (land and house if applicable).

If you’ve looked at the equalized value of your property and didn’t understand where the tax assessor’s office came up with the value, I’ll explain with an example…

Property Tax Example

1. Your home’s fair market-value:  $250,000 << This is the amount you would expect someone to pay to purchase your home now.
2. Tax assessor’s adjustment:  $250,000 x .33<< By law, the assessor can use a maximum of 1/3 of your homes fair market value in determining your DuPage County real estate or property taxes.
3. Equalized property value:  $82,500 << This is the adjusted fair market value of your property used for property tax purposes.
4. Property tax rate: 5% << This is determined by where you live within DuPage County, see the tax table below to get an idea of your city’s tax rate (as of 2009).
5. Property tax calculation:  $82,500 x .05 << Equalized property value multiplied by a property tax rate of 5%
6. Total property tax due:  $4,125

That’s all there is to it…  Below is table of all the cities in DuPage County and their property tax rates from 2009.  The cities are ranked from highest rate to lowest rate.  I find it kind of amusing that the lowest property tax paying city in DuPage is Oak Brook (where in 2009, the median home value was $969,150), and the highest property tax paying city in DuPage is Glendale Heights (where in 2009, the median home value was $216,748).

DuPage County Property Tax Table

Visit the DuPage County assessor’s site for more detailed information about your property taxes.