Oakbrook Terrace, Dupage County, Illinois Property Taxes
Property Taxes in Oakbrook Terrace, Illinois
Median Oakbrook Terrace, Illinois effective property tax rate: 1.77%, significantly lower than the national median of 1.02%, and lower than the Illinois state median of 2.33%.
Median Oakbrook Terrace, Illinois home value: $291,840
Median annual Oakbrook Terrace, Illinois tax bill: $5,092, higher by $2,692 than the national median property tax bill of $2,400.
How are property taxes in DuPage calculated?
Property taxes in Oakbrook Terrace, 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 Oakbrook Terrace's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Oakbrook Terrace, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Oakbrook Terrace, Dupage County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.77%
Estimate Property Tax Bill
$5,166
$4,794
How Does the Oakbrook Terrace Property Tax Calculator Work?
Use this Oakbrook Terrace property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Oakbrook Terrace's median effective tax rate of 1.77% — based on actual property records in DuPage County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local assessment system uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Oakbrook Terrace's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Oakbrook Terrace: rates range from 1.77% in 60181 to 1.77% in 60181, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Oakbrook Terrace.
About Oakbrook Terrace Property Taxes
About Property Taxes in Oakbrook Terrace, DuPage, Illinois
Oakbrook Terrace's median effective property tax rate of 1.77% is lower than the Illinois state median of 2.33% and higher than the national median of 1.02%. This rate reflects the DuPage County base levy combined with local school district levies and Special service areas (SSAs) that vary by subdivision throughout the city.
Property tax rates are not uniform across Oakbrook Terrace. Homeowners in the 60181 ZIP code carry a median effective rate of 1.77%, while those in 60181 pay 1.77%. This spread — 0 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across DuPage County. Understanding which part of Oakbrook Terrace you live in can make a meaningful difference to your annual tax bill.
Oakbrook Terrace homeowners who believe their assessed value is too high can file a formal appeal with the local Tax Assessor before the June 1, 2026 deadline each year.
If your estimated bill above 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 Oakbrook Terrace, Dupage 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 Oakbrook Terrace'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 Oakbrook Terrace Tax Rate
1.77%
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 Dupage County Tax Rate
2.16%
Median Effective Illinois Tax Rate
2.33%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Oakbrook Terrace, Dupage County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60181 | 1.46% | 1.63% | 1.77% | 1.84% | 1.95% |
Source: Ownwell
Property Tax Assessment Values Across Oakbrook Terrace, Dupage County, Illinois
When examining property taxes in Oakbrook Terrace, 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 DuPage 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 DuPage County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of the month.
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 Oakbrook Terrace.
For example, the median home price in Oakbrook Terrace is $291,840, with tax bills ranging significantly across the county. 60181 has the highest median home price at $291,840.
Property Tax Assessment Values Across Oakbrook Terrace, Dupage County, Illinois
Source: Ownwell
$70,860
$450,405
$829,950
Median Oakbrook Terrace Market Value
$291,840
Median Dupage County Market Value
$340,350
Median Illinois Market Value
$227,888
Median United States Market Value
$235,294
Property Tax Assessment Values Across Oakbrook Terrace, Dupage County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60181 | $193,080 | $240,442 | $291,840 | $389,790 | $461,409 |
Source: Ownwell
Property Tax Bills Across Oakbrook Terrace, Dupage County, Illinois
Property tax bills in Oakbrook Terrace are calculated by applying the local tax rate to a home’s assessed value, which is based on the market value of the property. Local taxing bodies in DuPage County then use that assessment to determine how much each homeowner owes. The result can vary widely depending on the home’s value and the tax rates set by schools, municipalities, and other local services.
With a median home price of $291,840, the typical tax burden in Oakbrook Terrace is significant. The median property tax bill is $5,092, which is well above the national median property tax bill of $2,400 and the national median property tax rate of 1.02%. Bills in the area also range from $3,949 at the 25th percentile to $10,203 at the 90th percentile, showing how much taxes can differ from one homeowner to another. For many homeowners, this means property taxes are a major part of the cost of owning a home.
Property Tax Bills Across Oakbrook Terrace, Dupage County, Illinois
Source: Ownwell
$1,655
$8,028
$14,400
Median Oakbrook Terrace Tax Bill
$5,092
Median Dupage County Tax Bill
$7,578
Median Illinois Tax Bill
$5,277
Median United States Tax Bill
$2,400
Property Tax Bills Across Oakbrook Terrace, Dupage County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60181 | $2,786 | $3,949 | $5,092 | $6,798 | $10,203 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | June 1 |
Links | |
|---|---|
| DuPage Tax Assessor | |
| Website | propertylookup.dupagecounty.gov |