Example of Kendall County Property Tax Calculation
Kendall County property tax is calculated by multiplying the assessed value of a property by the tax rate. For example, if a property has an assessed value of $100,000 and the tax rate is 2%, the property tax would be $2,000 ($100,000 x 0.02).
It is important to note that the assessed value is determined by the county assessor's office and can vary depending on factors such as the property's location, improvements made to the property, and overall market trends.
Additionally, there may be other taxes or fees associated with owning a property in Kendall County, such as school district taxes or special assessments for community projects. It is recommended that property owners consult with a qualified tax professional for a full understanding of their tax obligations.
If you want appeal your property tax assessment - contact your local tax assessor.
Kendall County Property Tax Rates
Here is a formatted table of Kendall County Property Tax rates:
| Tax | Rate per $100 of Assessed Value |
|---|---|
| Kendall County | $0.6711 |
| Oswego School District 308 | $3.5721 |
| Yorkville School District 115 | $3.8746 |
| Plano School District 88 | $4.1087 |
| Newark Community High School District 18 | $4.3017 |
Please note that property tax rates are subject to change and should be verified with the respective taxing authorities.
Who sets property tax rates in Kendall County ?
Property Tax Rates in Kendall County
The property tax rates in Kendall County are set by the taxing authorities responsible for levying property taxes. These authorities include the:
- Kendall County Board
- School districts
- Municipality
- Park districts
- Library districts
These taxing authorities set their respective tax rates annually during their budget process. The property tax rates are determined by dividing the total amount of tax revenue required by the total taxable value of property in the taxing district.
The Kendall County Treasurer's Office is responsible for collecting property taxes from property owners and distributing the funds to the appropriate taxing authorities.
It's important to note that property tax rates can vary from year to year and can be affected by changes in property values and changes in the financial needs of the taxing authorities. Property owners can review their property tax bills to see the breakdown of taxes owed to each taxing authority.
In Kendall County, property tax bills are typically mailed in early May and are due on June 1st of each year. Delinquent taxes are subject to penalties and interest, so it's important to pay property taxes on time to avoid additional costs.
Homestead exemptions in Kendall County ?
To help residents of Kendall County, Illinois navigate Homestead exemptions and deductions, here's a table with columns for exemption, eligibility, amount, and notes:
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| General Homestead Exemption | Must be owner-occupied and property must be the primary residence | Deducts $6,000 from the equalized assessed value | Applies to all townships in Kendall County |
| Senior Citizen Homestead Exemption | Homeowner must be 65 or older, and property must be owner-occupied and the primary residence | Deducts $5,000 from the equalized assessed value | If total household income exceeds $65,000, the exemption amount is reduced |
| Senior Citizen Assessment Freeze | Homeowner must meet the same requirements as the Senior Citizen Homestead Exemption and have a total household income of $65,000 or less | Freezes the assessed value of the property at the level in the year the homeowner qualifies | Must reapply every year |
| Disabled Veterans' Exemption | Must have served in the military with an honorable discharge and have a disability rating of at least 30% | Deducts $5,000 from the equalized assessed value | Applies to all townships in Kendall County |
| Disabled Persons' Homestead Exemption | Must have a disability and property must be owner-occupied and the primary residence | Deducts $2,000 from the equalized assessed value | If total household income exceeds $65,000, the exemption amount is reduced |
Note that there may be other exemptions and deductions available depending on individual circumstances. To learn more, contact the Kendall County Assessor's Office.
When is Kendall County Property Tax due ?
Kendall County Property Tax is typically due on June 1st every year. There are several payment methods available for taxpayers to choose from.
Payment methods for Kendall County Property Tax:
| Payment Method | Description |
|---|---|
| Online | Taxpayers can pay their property tax online using a credit/debit card or eCheck through the county's website. |
| Property tax payments can be sent by mail to the Kendall County Treasurer's Office. Payment must be postmarked by June 1st to avoid penalties. | |
| In-person | Taxpayers can make their property tax payment in-person at the Kendall County Treasurer's Office during business hours. |
| Drop Box | A drop box is available at the front entrance of the Kendall County Courthouse for taxpayers to drop off their property tax payment 24/7. |
It is important to note that if the property tax payment is not received by the due date, penalties and interest will accrue. Therefore, it is recommended that taxpayers make their payments before the due date to avoid additional fees.
If you have more questions - contact your local tax collector.
How is Kendall County Property Tax penalty calculated ?
Kendall County Property Tax Penalty Calculation
Property tax is a tax imposed on real estate by the government, and non-payment of this tax can result in penalties. In Kendall County, property tax penalties are calculated based on a specific formula.
The penalty for late payment of property tax is 1.5% per month, accruing every month until the tax is paid in full. The penalty starts on the first day of the month following the due date.
For example, if the property tax was due on March 1st, and the payment was not received until June 1st, the penalty would be calculated as follows:
- March: No penalty (payment made on time)
- April: 1.5% penalty ($1000 x 0.015 = $15)
- May: 1.5% penalty ($1000 x 0.015 = $15)
- June: 1.5% penalty ($1000 x 0.015 = $15)
Therefore, the total penalty for the late payment would be $45.
It is important to note that if the tax is not paid within a year, the property may be subject to tax sale, where the county can sell the property to recover the unpaid tax amount.
In summary, the Kendall County Property Tax Penalty is calculated as 1.5% per month, starting on the first day of the month following the due date. It is crucial for property owners to pay their taxes on time to avoid penalties and potential tax sale.
| Penalty Calculation | |
|---|---|
| Property Tax Amount | $1000 |
| Due Date | March 1st |
| Payment Date | June 1st |
| Penalty Calculation | March: No penalty April: 1.5% penalty ($1000 x 0.015 = $15) May: 1.5% penalty ($1000 x 0.015 = $15) June: 1.5% penalty ($1000 x 0.015 = $15) |
| Total Penalty | $45 |
We recommend contacting the Kendall County Tax Office or a local tax professional for the most up-to-date and accurate information.