Momence, Kankakee County, Illinois Property Taxes
Property Taxes in Momence, Illinois
Median Momence, Illinois effective property tax rate: 2.62%, significantly higher than the national median of 1.02%, and higher than the Illinois state median of 2.33%.
Median Momence, Illinois home value: $141,854
Median annual Momence, Illinois tax bill: $4,365, $1,965 higher than the national median property tax bill of $2,400.
How are property taxes in Kankakee calculated?
Property taxes in Momence, 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 Momence's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Momence, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Momence, Kankakee County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.62%
Estimate Property Tax Bill
$3,717
$3,449
How Does the Momence Property Tax Calculator Work?
Use this Momence property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Momence's median effective tax rate of 2.62% — based on actual property records in Kankakee County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local assessment process uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Momence'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 Momence: rates range from 2.62% in 60954 to 2.62% in 60954, 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 Momence.
About Momence Property Taxes
About Property Taxes in Momence, Kankakee, Illinois
Momence’s median effective property tax rate of 2.62% is higher than the Illinois state median of 2.33% and higher than the national median of 1.02%. This rate reflects the Kankakee County base levy combined with local school district levies and special service areas that vary by subdivision throughout the city.
Property tax rates are not uniform across Momence. Homeowners in the 60954 ZIP code carry a median effective rate of 2.62%, while those in the lowest ZIP code pay 2.62%. This spread reflects how school district boundaries and local assessment districts are drawn across Kankakee County. Understanding which part of Momence you live in can make a meaningful difference to your annual tax bill.
Momence homeowners who believe their assessed value is too high can file a formal appeal with the 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 Momence, Kankakee 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 Momence'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 Momence Tax Rate
2.62%
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 Kankakee County Tax Rate
3.15%
Median Effective Illinois Tax Rate
2.33%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Momence, Kankakee County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60954 | 2.06% | 2.34% | 2.62% | 3.37% | 4.16% |
Source: Ownwell
Property Tax Assessment Values Across Momence, Kankakee County, Illinois
When examining property taxes in Momence, 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 Kankakee 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.
Assessment notices:
In Kankakee 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. For Momence homeowners, the median home price is $141,854, and the median property tax bill is $4,365, compared with the national median property tax rate of 1.02% and national median property tax bill of $2,400.
Property Tax Assessment Values Across Momence, Kankakee County, Illinois
Source: Ownwell
$35,619
$121,247
$206,874
Median Momence Market Value
$141,854
Median Kankakee County Market Value
$151,347
Median Illinois Market Value
$227,888
Median United States Market Value
$235,294
Property Tax Assessment Values Across Momence, Kankakee County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60954 | $42,326 | $88,864 | $141,854 | $227,440 | $325,776 |
Source: Ownwell
Property Tax Bills Across Momence, Kankakee County, Illinois
Property tax bills in Momence are based on the assessed value of a home, not its market price alone. Local taxing authorities set tax rates, and the final bill is calculated by applying those rates to the assessed value after any exemptions are considered. For homeowners, that means a higher assessment can lead to a larger tax bill even if the home has not been sold.
In Momence, the median home price is $141,854, and the median property tax bill is $4,365. That is above the national median property tax bill of $2,400 and above the national median property tax rate of 1.02%. Bills can vary widely, with the 25th percentile at $2,650 and the 75th percentile at $6,305, while the 90th percentile reaches $9,588. These differences show how much assessed value, location, and exemptions can affect what homeowners pay each year.
Median Momence Tax Bill
$4,365
Median Kankakee County Tax Bill
$4,678
Median Illinois Tax Bill
$5,277
Median United States Tax Bill
$2,400
Property Tax Bills Across Momence, Kankakee County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60954 | $1,511 | $2,650 | $4,365 | $6,305 | $9,588 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | June 1 |
Links | |
|---|---|
| Kankakee Tax Assessor | |
| Website | kankakeeil.devnetwedge.com |