Kane County Property Tax Rates
Here is a formatted table of Kane County Property Tax rates in US dollars per $100 of assessed value:
| Tax | Rate per $100 of Assessed Value |
|---|---|
| General County Tax | $0.6475 |
| Forest Preserve District Tax | $0.0355 |
| Health Department Tax | $0.0375 |
| County Library Tax | $0.2000 |
| Conservation District Tax | $0.0135 |
| Kane County Fair Tax | $0.0323 |
Please note that these rates are subject to change and should be verified with the Kane County Treasurer's office.
Who sets property tax rates in Kane County ?
The property tax rates in Kane County are set by various taxing districts within the county. These districts include the county itself, municipalities, school districts, park districts, and other special districts.
Each taxing district sets its own tax rate through a process that involves reviewing its budget and determining how much revenue it needs to collect to meet its expenses. This rate is then applied to the assessed value of each property within the district to determine the property tax owed by the owner.
The process of setting property tax rates typically takes place in the late summer and early fall, with rates being finalized in the fall and bills being sent out to property owners in the following spring.
It's important to note that the property tax rate in Kane County can vary widely depending on the specific location and taxing district. Property owners should consult with their local tax assessor's office or a qualified tax advisor to understand their specific property tax obligations.
Example of Kane County Property Tax Calculation
Kane County property tax calculation is based on the assessed value of the property and the tax rate set by the county government. To calculate the property tax, the assessed value of the property is multiplied by the tax rate.
For example, if a property in Kane County has an assessed value of $100,000 and the tax rate is 1.5%, the property tax would be $1,500. This means that the property owner would be required to pay $1,500 in property tax to the county government.
It is important to note that property taxes are used to fund essential services in Kane County, such as schools, police and fire departments, and public works projects. Property tax rates can vary by location within the county, so it is important for property owners to check with their local government to determine their specific property tax rate.
Overall, Kane County property tax calculation is a straightforward process that is based on the assessed value of the property and the tax rate set by the county government.
If you want appeal your property tax assessment - contact your local tax assessor.
Homestead exemptions in Kane County ?
Here is a table of all county specific Homestead exemptions and deductions in Kane County, Illinois:
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| General Homestead Exemption | Primary residence | $6,000 | Must apply before July 1 |
| Senior Citizens Homestead Exemption | Primary residence, at least 65 years old | $8,000 | Must apply before July 1 |
| Senior Citizens Assessment Freeze Homestead Exemption | Primary residence, at least 65 years old, total household income under $65,000 | Freezes assessed value | Must apply before July 1 |
| Disabled Veterans Homestead Exemption | Primary residence, at least 70% disabled from service-connected injury | $70,000 | Must apply before July 1 |
| Disabled Persons Homestead Exemption | Primary residence, at least 51% disabled | $2,000 | Must apply before July 1 |
| Home Improvement Exemption | Any homeowner | $25,000 | Must improve property by at least 25% |
| Returning Veterans Homestead Exemption | Primary residence, served at least one tour of duty after September 11, 2001 | $5,000 | Must apply before July 1 |
Note that all exemptions and deductions may be subject to change and residents should consult with the Kane County Assessor's Office for current information.
When is Kane County Property Tax due ?
Kane County Property Tax is due twice a year, on June 1st and September 1st. Here are some payment methods available to Kane County property owners:
Payment Methods
| Method | Description |
|---|---|
| Online Payment | Kane County's website offers an online payment option. Simply visit the website, select "Pay Property Taxes", and follow the prompts. |
| Payment may be mailed in the form of a check or money order to the address listed on the tax bill. It is important to note that payment must be postmarked on or before the due date to avoid late fees. | |
| In-Person | Payment may be made in person at the Kane County Treasurer's Office. The office is located in Geneva, IL and hours are Monday-Friday, 8:30 am-4:30 pm. |
It is important to note that payments made after the due date will result in late fees and penalties. Property owners should also ensure their payment is made in the correct amount and includes their property ID number to avoid any issues.
If you have more questions - contact your local tax collector.
How is Kane County Property Tax penalty calculated ?
Kane County calculates property tax penalty based on the amount of unpaid taxes and the number of days the payment is late. The penalty is calculated as a percentage of the unpaid taxes, and it increases as the number of days late increases. Here is an example to illustrate how the penalty is calculated:
Let's say John owns a property in Kane County and his property tax bill for the year is $10,000. The due date for the payment is June 1, but John fails to make the payment on time. He pays the bill on July 1, which means he is 30 days late.
The penalty for being 30 days late is calculated as follows:
- First 15 days late - 1.5% penalty on the unpaid taxes ($150)
- Next 15 days late - 1.5% penalty plus an additional 1.5% penalty for a total of 3% on the unpaid taxes ($300)
So, the total penalty for John's late payment would be $450 (1.5% of $10,000 for the first 15 days late plus 3% of $10,000 for the next 15 days late). Therefore, John would have to pay a total of $10,450 ($10,000 for the taxes plus $450 for the penalty).
In summary, Kane County calculates property tax penalty based on the amount of unpaid taxes and the number of days the payment is late. The penalty increases as the number of days late increases, and it can be avoided by making the payment on or before the due date.
We recommend contacting the Kane County Tax Office or a local tax professional for the most up-to-date and accurate information.