Which burb has cheapest property taxes? Naperville, Aurora, Bolingbrook, Lisle, etc? (Chicago: homes, neighborhoods)

[jamaicabound60565]

First off I don't really understand property taxes that much. Obviously Naperville has more expensive homes overall than Bolingbrook so Naperville is higher for that reason but who's higher an or lower in terms of the actual percentage that goes to taxes?

Basically looking at Naperville and surrounding burbs so Plainfield, Oswego, Aurora, Naperville, Bolingbrook and Lisle?

[cohdane]

Don't bank on the current state of property taxes too much. No matter where you go, they'll be changing. And none for the better.

[TempesT68]

oswego and most of aurora have the most reasonable property taxes of the ones you listed. Bolingbrook is very high in comparison to the values of the homes.

[NorCal Dude]

i read that schaumburg just recently created the first property tax ever for the town this year. Guess all the revenue from business was riding high until the economy tanked. Might want to check that place out, id be willing to bet they are alot less dependent than other municipalities for property tax dollars.

[jamaicabound60565]

Originally Posted by NorCal Dude

i read that schaumburg just recently created the first property tax ever for the town this year. Guess all the revenue from business was riding high until the economy tanked. Might want to check that place out, id be willing to bet they are alot less dependent than other municipalities for property tax dollars.

I remember reading that a while back as well. I think the mall was bringing in so much revenue they didn't have a property tax for the city until recently like you said.

I think Aurora is pretty high, I'm surprised theirs isn't lower b/c of the Casino.

Someone mentioned Oswego, I thought they would be high b/c all the new schools they are going to need to accomodate the growth no?

[sgresident]

you need to look at more than just the city or municipality property taxes. the biggest chunk of taxes usually around 67% goes to school districts. you should look at the school districts in the areas that you want to live, determine if they are still growing and planning new buildings etc. this is where the costs are going to be.

[Chicago0304]

Oswego is very up and coming. There is every store and restaurant you could want on Ogden.. Churchill Club subdivision is nice with a great pool and Club house. Half of what you will pay in Naperville.

[acdevane]

You need to look at not just the amount of your taxes, but what you're getting in return for them. It's one thing to pay high taxes and receive exemplary city services, a first rate library, award winning schools, a fabulous park district and more vs paying high taxes that are subsidizing a golf course that you may never use. It's wise to see what you get for your tax dollars. Your taxes are based on a number of taxing bodies; county, township, city and entities within these. The best way to ascertain what you're paying for is to ask for a current or recent tax bill of the home you're interested in
purchasing.

If you have further questions on specific homes, feel free to DM me.

[gardener34]

"I think the mall was bringing in so much revenue they didn't have a property tax " Oak Brook is like this too. Also I used to hear Forest View had no property tax because the town is mostly big industrial. I would look for a town that also has some industry to offset the residential. The purely residential ones (Wayne comes to mind) I would think would have high residential property taxes.

You have to check out the multiplier. Like the others say, you have to take into account what you are paying for. It used to be that Cook county property taxes were cheaper than Dupage or Kane, but I don't know that is try anymore! but something to check.

[Rozie123]

Googe the communities you're looking at. From what I understand, the county assesses your property every two years(?) or when you make a major improvement. It's based on the size of your lot, the square footage and value of your home. Homes in DuPage County have extremely high property taxes (last time I looked, they were second highest in the nation next to some county in up state New York) Cook County (Chicago proper and some of the more desirable neighborhoods) have extremely high taxes compared to southern Cook County. Will County can be high depending on the neighborhood and the selling price of your home. Our modest little raised ranch runs us about $4,800.00 dollars per year here in Bolingbrook (Will County). My advice is to look at Kendall or DeKalb County for lower taxes. And if you really want to go cheap, look at Winnebago County--that is if you don't mind an hour and forty five minutes added to an already lengthy commute into the city.