Average Tax Assessment in DeKalb County
Real Estate Values and Property Tax Valuation in DeKalb County, Illinois
DeKalb County has a total of 4,357 properties with a cumulative value of $825.1M. This accounts for 0.12% of all real estate value in Illinois. Property taxes in DeKalb County amount to $25.8M, with the average homeowner paying $5,975 in property taxes, which is higher than the state average of $5,405. The average property tax rate in DeKalb County is 3.12%, which is higher than the state average of 2.47%. Property taxes are calculated based on the assessed value of the property, which is typically lower than the market value.
In Illinois, property taxes are based on the value of the property as of January 1st. Property owners have the option to appeal their property taxes between June and December, or within 30 days of when the notices are published. Property tax bills are issued on February 1st and July 1st, with the first installment due on June 1st in Cook County. This first installment is estimated at 55% of the prior year's tax bill, with taxes paid in arrears.
Updated November 01, 2023
| Important Links | |
|---|---|
| DeKalb Property Appraisal | (404) 371-2471 |
| DeKalb Assessor | (815) 895-7120 |
| DeKalb Assessor | (615) 597-5925 |
| DeKalb Recorder | (816) 449-5010 |
| Important Dates | |
|---|---|
| Property Valuation Date: | January 1st |
| Property Tax Appeal Deadline: | June - December or 30 days after notices are published |
| Property Tax Bills Issued: | February 1st and July 1st |
| Real Property Tax Bill Due (1st of #): | June, Two installments but due dates may vary by county March 1st, Cook County - 1st half installment, estimated at 55% of prior year tax bill with taxes paid in arrears. |
| Real Property Tax Bill Due (2nd of #): | September, Two installments but due dates may vary by county August 1, Cook County - 2nd half installment - TARGETED but may be delayed - due 30 days after being issued. Reconciled installment using the BOR certified AV, actual local tax rate, and final state equalization factor, less the estimated 1st installment with taxes paid in arrears |
| Available Exemptions | |
|---|---|
| Senior | Available |
| Disabled | Available |
| Homestead | Available |
| Veteran | Available |
| Solar/Wind | Available |
| Charitable | Available |
Don't Miss Your Property Tax Appeal Deadline
Real Estate Statistics in DeKalb County
Residential Property Taxes by Cities in DeKalb County
DeKalb County has an average property tax rate of 3.12%, which is slightly higher than the national average of 2.79%. This rate is applied to all properties in the county, regardless of location. However, the effective property tax rate can vary significantly from city to city. For example, the city of Dekalb has an effective property tax rate of 3.33%, while the city of Sycamore has an effective property tax rate of 2.97%. This difference of 0.36% can have a significant impact on the amount of property taxes paid by homeowners in each city.
Overall, DeKalb County has a slightly higher than average property tax rate, but the rate can vary significantly from city to city. Homeowners should be aware of the effective property tax rate in their city when budgeting for their property taxes. Knowing the effective rate can help them plan for their property tax payments and ensure they are not overpaying.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in DeKalb County. The tax assessment value may differ from the potential sale value, and is used to calculate the property tax for each piece of real estate.
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in DeKalb County.
Effective Property Tax Rate
The effective property tax rate is calculated by dividing the property tax bill by the assessed value. For the percentiles below, the calculation is performed using the percentiles for property tax bill and assessed value above. Therefore, each consecutive percentile doesn't necessarily show a larger value.
Reduce your property tax bill with Ownwell!
Real Estate Values in DeKalb County
The median home price in DeKalb County, Illinois has increased by 12.36% from October 2022 to October 2023, from $210.0K to $235.9K. This indicates a strong housing market in the area, with prices continuing to rise. At the same time, the home inventory in DeKalb County has decreased from 308 in October 2022 to 247 in October 2023, indicating a decrease in the number of homes available for sale. This could be due to a combination of factors, such as an increase in demand for housing in the area or a decrease in the number of homes being listed for sale.
Average Home Value in DeKalb County, Illinois
Last updated: November 2023
Percent Change in Total Home Sales in DeKalb County
Last updated: November 2023
Percent Change in New Home Listings in DeKalb County
Last updated: November 2023
Reduce your property tax bill with Ownwell
Mortgage Rates in DeKalb County
DeKalb County has a total outstanding loan amount of $1.1 billion across home mortgages. This represents 1.6 thousand outstanding loans in the county. The median mortgage rate in Dekalb is 4.37%, while the median mortgage rate in Sycamore is 4.11%, showing a variation in rates across counties. This total outstanding loan amount represents a significant percentage of the total home value in the county.
Mortgages in DeKalb County are an important part of the local economy. With a total outstanding loan amount of $1.1 billion, it is clear that mortgages are a major source of financial support for many families in the area. The variation in rates across counties is also important to consider when looking for the best mortgage deal. With the median mortgage rate in Dekalb being 4.37% and the median mortgage rate in Sycamore being 4.11%, it is important to shop around to get the best deal. Overall, mortgages in DeKalb County are an important part of the local economy and should be taken into consideration when looking for a home loan.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in DeKalb County by city.
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across DeKalb County.
Housing Expenses in DeKalb County, Illinois
Reduce your property tax bill with Ownwell
With Ownwell's property tax monitoring service ensures you'll never overpay on property taxes again.
How Ownwell works?
- Enter your property address and get an instant estimate of your potential tax savings based on local market data and our historical tax savings in your area.
- Sign up online and authorize Ownwell to fight your tax bill in less than 5 minutes.
- Sit back and let us get to work. Ownwell handles everything start to finish with no up-front costs. It’s all backed by our industry-leading Savings-or-Free Guarantee.
- When we save you money our fee is just 25% of your savings. If you don't save, you don't pay. We will continue to monitor your property taxes every year to ensure that you never overpay or have to worry about your property taxes again.