Mazon, Illinois Property Taxes
Real Estate Values and Property Tax Valuation in Mazon, Illinois
Mazon has 257 properties with a cumulative value of $36.8M, representing 6.32% of all real estate value in Grundy County. Property taxes in Mazon totaled $1.0M, with an average homeowner paying $4,017 in taxes compared to the county average of $3,968. The average property tax rate in Mazon is 2.81%, while the county average is 2.60%. Property taxes are 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 | |
|---|---|
| Grundy Assessor | (815) 941-3269 |
| Grundy Assessor | (931) 692-3596 |
| Grundy Treasurer | (660) 359-4040 3 |
| Grundy Treasurer | (319) 824-3108 |
| 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 |
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Real Estate Statistics in Mazon, Illinois
Residential Property Tax by ZIP code in Mazon, Illinois
Mazon is located in Grundy County, Illinois and has an average property tax rate of 2.81%. This rate is slightly higher than the average Grundy County property tax rate of 2.60%. The highest effective property tax rate in Mazon is found in the ZIP code 60444, which has an effective rate of 2.81%. This rate is slightly higher than the average rate for the county.
Property tax rates in Mazon vary across ZIP codes due to differences in home values. The ZIP code with the lowest effective property tax rate is not available, but it is likely to be lower than the average rate for the county. Homeowners in Mazon should be aware of the differences in property tax rates across ZIP codes when considering their tax burden.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each ZIP code in Mazon, Illinois. 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.
| ZIP Code | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60444 | $39,950 | $73,593 | $120,933 | $184,578 | $263,460 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each ZIP code in Mazon, Illinois.
| ZIP Code | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60444 | $1,118 | $2,120 | $3,428 | $5,002 | $7,337 |
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.
| ZIP Code | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60444 | 2.80% | 2.88% | 2.83% | 2.71% | 2.78% |
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Real Estate Values in Mazon, Illinois
Average Home Value in Mazon, Illinois
Last updated: November 2023
We currently do not have this data but we are working to add this soon.
We currently do not have this data but we are working to add this soon.
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Housing Expenses in Mazon, Illinois
Housing expenses are a major part of the average household budget in the state. In fact, housing expenses account for nearly one-third of total expenses for the average household. As inflation continues, housing expenses continue to rise, eating up an ever-increasing portion of the household budget. Property taxes are the second largest component of housing expenses for the average property owner in the state, making up a significant portion of the total housing expenses. As housing expenses continue to rise, it is important for households to budget carefully and plan for the future to ensure they can afford their housing expenses.
Monthly Consumer Expenses for Midwest region
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