East Brooklyn, Grundy County, Illinois Property Taxes
Median East Brooklyn, IL effective property tax rate: 2.83%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median East Brooklyn, IL home value: $23,942
Median annual East Brooklyn, IL tax bill: $678, $1,722 lower than the national median property tax bill of $2,400.
How are property taxes in Grundy calculated?
Property taxes in East Brooklyn, 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 East Brooklyn’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in East Brooklyn, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
East Brooklyn, Grundy County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.83%
Estimate Property Tax Bill
$733
$680
Property Tax Rates Across East Brooklyn, Grundy County, Illinois
Local government entities set tax rates, which can vary widely within a state. This is 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 East Brooklyn’s effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S.
East Brooklyn in Grundy County has an effective property tax rate that stands at 2.83%. This is significantly higher than the national median property tax rate of 1.02%. For residents, this means that property tax bills are likely to be considerably higher than the national median property tax bill of $2,400. Understanding these rates is crucial for property owners looking to manage their tax liabilities effectively. By appealing property taxes or seeking exemptions, residents can potentially reduce their tax burden, ensuring they only pay what is fair and equitable.
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 East Brooklyn Tax Rate
2.83%
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 Grundy County Tax Rate
2.61%
Median Effective Illinois Tax Rate
2.33%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across East Brooklyn, Grundy County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60474 | 2.82% | 2.83% | 2.83% | 2.83% | 3.96% |
Source: Ownwell
Property Tax Assessment Values Across East Brooklyn, Grundy County, Illinois
When examining property taxes in East Brooklyn, 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 Grundy County Assessor's 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.
In Grundy County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 East Brooklyn. For example, the median home price in East Brooklyn is $23,942, with tax bills ranging significantly across the county.
Property Tax Assessment Values Across East Brooklyn, Grundy County, Illinois
Source: Ownwell
$25,910
$191,346
$356,782
Median East Brooklyn Market Value
$25,910
Median Grundy County Market Value
$179,043
Median Illinois Market Value
$227,888
Median United States Market Value
$235,294
Property Tax Assessment Values Across East Brooklyn, Grundy County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60474 | $15,293 | $19,301 | $25,910 | $54,354 | $169,073 |
Source: Ownwell
Property Tax Bills Across East Brooklyn, Grundy County, Illinois
In East Brooklyn, Illinois, property tax bills are calculated based on the assessed value of a home, which is determined by the Grundy County assessor. The assessed value is a percentage of the home's market value. This assessed value is then multiplied by the local tax rate to calculate the property tax bill. With a median home price of $23,942, East Brooklyn homeowners face a property tax bill that varies significantly, with the 25th percentile at $446 and the 90th percentile reaching up to $6,240. This range highlights the potential impact on homeowners, especially when compared to the national median property tax bill of $2,400.
Factors influencing the tax bill include changes in home market value and local government budget requirements. For homeowners in East Brooklyn, high property taxes can be a financial burden. Ownwell offers a solution by providing expert property tax appeal and exemption services, potentially reducing tax liabilities. By analyzing individual assessments and identifying discrepancies, Ownwell helps homeowners lower their tax bills, ensuring they only pay what is fair.
Median East Brooklyn Tax Bill
$733
Median Grundy County Tax Bill
$4,909
Median Illinois Tax Bill
$5,277
Median United States Tax Bill
$2,400
Property Tax Bills Across East Brooklyn, Grundy County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60474 | $433 | $546 | $733 | $1,471 | $7,148 |
Source: Ownwell