Kane Co. property tax bills coming soon: Average increase 1%
The average Kane County tax bill will increase $53 this year. It's the second straight year taxpayers will pay more. However, it's a much smaller increase than in years past.
Figures released by the Kane County treasurer's office show the average tax bill will be $6,574 in 2016. That's an increase of less than 1 percent, compared to the average increase last year of 4.5 percent.
Taxpayers will learn the specific amount they owe soon. Bills will be mailed April 27. However, the information is already available on the treasurer's website: KaneCountyTreasurer.org.
Local governments will collect $1.27 billion from the 193,048 taxable parcels in the county. That's 550 more parcels paying taxes this year, which helps disburse the overall tax burden despite a $13.8 million increase in property taxes being collected this year. Nearly 70 percent of those collections will be used to fund local schools.
Actual tax bill amounts vary by individual property, but numbers from the treasurer's office show Elgin Township residents will have the highest tax bills, on average, than any other place in the county; there, the average tax bill for a $300,000 home is $11,140.
In contrast, the owner of a $300,000 home in Campton Township typically will have a tax bill of $9,102, lowest in the county.
After Elgin Township, Aurora, Dundee and Plato Townships have the highest average tax bills. St. Charles, Geneva and Batavia Townships have the lowest average tax bills besides Campton Township.
Residential homeowners carry nearly 75 percent of the property tax burden in the county. Commercial properties will pay about 14 percent of the money collected. Industrial property accounts for slightly less than 9 percent of the tax bills paid.
The first payment is due June 1. The second installment is due Sept. 1.
1. Simon/Chelsea Chicago Dev. (Chicago Premium Outlets, Aurora): $5.64 million
2. Liberty Illinois LP. (Kaplan Distribution Center, Aurora): $4.13 million
3. Toyota Motor Sales USA, Inc. (Multiple dealerships) $3.39 million
4. Geneva Commons, LLC: $3.28 million
5. John B. Sanfilippo & Son, Inc. (Elgin): $1.83 million
6. Spring Hill Mall, LLC (West Dundee): $1.72 million
7. Algonquin Commons, LLC: $1.72 million
8. Regency Canterfield, LLC (Villages at Canterfield, West Dundee): $1.41 million
9. Q Center, LLC (St. Charles): $1.38 million
10. AMLI at St. Charles, LLC: $1.26 million
Where the taxes go:
• Schools: 68.5 percent
• Municipalities: 10.2 percent
• Forest preserve/parks: 6.7 percent
• County: 4.3 percent
• Libraries: 3.1 percent
• Fire districts: 3 percent
• Townships: 2.6 percent
• TIF districts/other: 1.6 percent
Source: Kane County treasurer's office