Sun River Terrace, Kankakee County, Illinois Property Taxes
Property Taxes in Sun River Terrace, Illinois
Median Sun River Terrace, Illinois effective property tax rate: 2.59%, significantly higher than the national median of 1.02%, and higher than the Illinois state median of 2.33%.
Median Sun River Terrace, Illinois home value: $106,800
Median annual Sun River Terrace, Illinois tax bill: $2,763, $363 higher than the national median property tax bill of $2,400.
How are property taxes in Kankakee calculated?
Property taxes in Sun River 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 Sun River Terrace's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Sun River Terrace, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Sun River Terrace, Kankakee County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.59%
Estimate Property Tax Bill
$2,766
$2,567
How Does the Sun River Terrace Property Tax Calculator Work?
Use this Sun River Terrace property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Sun River Terrace's median effective tax rate of 2.59% — 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 Sun River 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 Sun River Terrace: rates are 2.59% in 60964, 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 Sun River Terrace.
About Sun River Terrace Property Taxes
About Property Taxes in Sun River Terrace, Kankakee, Illinois
Sun River Terrace’s median effective property tax rate of 2.59% 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 (SSAs) that vary by subdivision throughout the city.
Property tax rates are not uniform across Sun River Terrace. Homeowners in the 60964 ZIP code carry a median effective rate of 2.59%, while those in 60964 pay 2.59%. This spread — 0 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Kankakee County. Understanding which part of Sun River Terrace you live in can make a meaningful difference to your annual tax bill.
Sun River 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 Sun River Terrace, 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 Sun River Terrace's effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S.
Property Tax Rates Across Sun River Terrace, Kankakee County, Illinois
Source: Ownwell
2.59%
3.26%
3.94%
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 Sun River Terrace Tax Rate
2.59%
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 Sun River Terrace, Kankakee County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60964 | 2.59% | 2.59% | 2.59% | 2.59% | 2.59% |
Source: Ownwell
Property Tax Assessment Values Across Sun River Terrace, Kankakee County, Illinois
When examining property taxes in Sun River 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 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. 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 Sun River Terrace.
For example, the median home price in Sun River Terrace is $106,800, with tax bills ranging significantly across the county. 60964 has the highest median home price at $106,800.
Property Tax Assessment Values Across Sun River Terrace, Kankakee County, Illinois
Source: Ownwell
$35,619
$121,247
$206,874
Median Sun River Terrace Market Value
$106,800
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 Sun River Terrace, Kankakee County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60964 | $76,873 | $87,255 | $106,800 | $130,675 | $135,234 |
Source: Ownwell
Property Tax Bills Across Sun River Terrace, Kankakee County, Illinois
How are property tax bills calculated in Sun River Terrace?
Property tax bills in Sun River Terrace are based on the assessed value of a home and the local tax rate set by taxing authorities in Kankakee County. The bill is determined by applying the tax rate to the assessed value, which means homes with higher market values often face larger tax bills. Local factors such as school funding, county services, and other municipal needs also influence the final amount homeowners pay.
What do homeowners typically pay?
The median home price in Sun River Terrace is $106,800, and the median property tax bill is $2,763. That is higher than the national median property tax bill of $2,400 and reflects the way local assessments and rates shape costs for homeowners. Tax bills in the area can vary, with the 25th percentile at $2,257 and the 75th percentile at $3,381. For many homeowners, these bills are a major part of the cost of owning a home and can affect monthly budgets and long-term affordability.
Property Tax Bills Across Sun River Terrace, Kankakee County, Illinois
Source: Ownwell
$1,026
$3,988
$6,949
Median Sun River Terrace Tax Bill
$2,763
Median Kankakee County Tax Bill
$4,678
Median Illinois Tax Bill
$5,277
Median United States Tax Bill
$2,400
Property Tax Bills Across Sun River Terrace, Kankakee County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60964 | $1,989 | $2,257 | $2,763 | $3,381 | $3,499 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | June 1 |
Links | |
|---|---|
| Kankakee Tax Assessor | |
| Website | kankakeeil.devnetwedge.com |