Home : Blogs : Sherry Spengel | Wheaton IL : Sherry Spengel - Wheaton Illinois

DuPage County Property Taxes – A Rollercoaster Ride

I’ve been working a lot of open houses lately. I love talking with people about my listings and getting their opinions first hand. It is always an eye opening experience. Lately, I have heard a lot about high property taxes. I always expect a conversation like that from transferees. They always seem surprised when I give them tax information. However, lately I have been hearing it from local DuPage County residents.

I wasn’t apprehensive about opening my tax bill, because I received the tax notice back in November. However, I was very surprised to compare my 2006 and 2007 taxes. It appears my taxes when down $115 dollars; every department or organization that uses my tax dollars tool more this in 2006 than they did in 2007. Amazing! The DuPage tax rollercoaster is going down.

The DuPage County Treasurer, Gwen Henry, breaks down your tax bill in the following way:

Posted by Sherry Spengel | Wheaton IL on 05/04/2008 02:15 PM

Comments (10)

wheaton real estate, dupage county property taxes

This post has been included in Illinois Information Du Page County, IL Information Wheaton, IL Information

10 Comments on DuPage County Property Taxes – A Rollercoaster Ride

MAY

2008

I guess you haven't received your Tax bill for 2008 yet. Ours went up 1,400 not down. What is going on here?

I see a majority went to the High School. My feeling on school tax is if you have a kid that is when you should pay for the school end of it.

Plus what I don't understand is if I had the same identical house else where my taxes could be lower. I think there should be a flat tax for everyone no matter if your house is worth $1 to $1 million.

What about family that live in apartments how do they pay for schools. Guess we pay for them too.

You bring up some very good points. In DuPage and Cook Counties, we pay taxes in arrears. So our 2008 taxes won't be out or known until 2009. The 2007 number is the most recent tax bill out for us.

First, I think the people in the apartments pay rent and I'm sure the landlord uses some of that money to pay his property taxes. So the renters are paying for property taxes via their rent payments.

I understand your frustration about the schools. I do not think that any school could survive with only the students parents paying taxes. It would destroy our public education system. We live in a community and we support each other. I know my church has a school. Every time I give money to the church, some small part of it goes to the tuition of the students. This brings the cost to each parent with kids in the school down. I don't think all private schools work that way, but some certainly do.

I also think that my taxes went down because the assessed value of my home went down. That isn't always a good thing.

Thanks for you comments and understanding. It is tuff to handle at times especially when raises don't add up to inflation etc.

Time to go buy and island :)

When you get that secluded island, please let me know so I can come visit and sip drinks on the beach!!

MAY

2008

Do you mind a tardy comment?

An effective tax rate might also lower by the expansion of the tax base, that is, more homes or more commercial development. The bigger the pool that pays for a tax levy, the lower the amount each taxpayer needs to pay. Of course, that is assuming the levy request does not increase.

Just today the Mainstreet Organization of Realtors Government Affairs Committee began planning a June meeting featuring DuPage Recorder of Deeds Fred Bucholtz and DuPage County Clerk Gary King. The topic, property taxes, how they work, how Realtors can play a part in the process, and how the county processes the taxing process. May I send you the details when finalized?

MAY

2008

Yes Jeff, please send me the details.

JUN

2008

I'm considering buying a home in DuPage. Coming from Cook county where taxes are only assessed every three years I understand in DuPage they are assessed yearly. I was also told that the taxes would be based on the purchase price of the home and not on the previous owners taxes. So for example, the home I am considering would roughly have a sale price of 325K the home owner paid $6700 in 07. He has owned the home for 11 years so that was based on what the home is worth at the old sale price? Does that mean a 325K sale at 6.4% for Winfield would mean my taxes would be $20,800 per year?? that can't be correct. Does anyone happen to know how that works in DuPage? thanks so much

Karri

DuPage does a major assessment every three years. Your math is correct - just enough to scare you. DuPage County assesses property taxes on a third of assessed value. So if you pay $325,000, they would tax you on $108,333. So your tax bill would hypothetically be $6,933.00. The Milton Township Assessor is a wonderful resource tax related questions.

OCT

2008

I have proposed a property tax credit for Each Township 50 cents on the dollar if the taxpayer puts any improvement on his property requiring a local permit and spending on local businesses

This way the owner uses the tax dollars to create jobs!

How about them apples!

Your local Mr Smith