Homeowners in Boone County pay a median property tax bill of $4,944 in FY 2024

Jessica Holmes, Deputy Clerk at Boone County Clerk
Jessica Holmes, Deputy Clerk at Boone County Clerk
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Median property tax bills in Boone County reached $4,944 in the fiscal year 2024, according to BlockShopper.com.

That represents an increase of 3.2% from $4,793 in the prior year.

Within the county, Loves Park had the highest median property tax bill at $9,010, while Garden Prairie had the lowest at $2,823.

Among the 22 counties with available data in Illinois, Kendall County recorded the highest median property tax bill at $7,751 in fiscal year 2024, while Vermilion County had the lowest at $1,325.

The median property tax bill in Boone County was equal to 2.2% of the median assessed home value in the county.

Complete real estate data was not available for some counties in Illinois. This analysis includes only those with complete records and may not reflect a full statewide comparison.

U.S. home prices continued to rise in 2025, with the national median reaching about $447,000 in June. That’s up 1.13% from a year earlier, according to Redfin. The data also show a significant gap in supply and demand, with 36% more sellers than buyers (a difference of 508,715 homes). By Redfin’s definition, a balanced market has seller and buyer numbers within 10% of each other.

Even when property tax rates decline or remain stable, homeowners can still face higher tax bills if home values rise. Property taxes are calculated based on both the tax rate and the assessed value of a property, meaning increases in home prices can expand the tax base and raise the amount owed even when local governments lower rates. In fact, the average effective property tax rate on a median-valued home in the largest city in each state fell by more than 5% from 2023 to 2024, according to a Lincoln Institute of Land Policy analysis.

At the same time, rising property values have increased the overall tax base in many areas. Because property taxes are tied to market value, higher home prices can lead to larger tax bills even if rates decline or remain unchanged. Studies of U.S. housing markets have also found that a 1% increase in median home value is associated with roughly a 0.71% decrease in the effective tax rate, reflecting how strong housing price growth can push rates lower while still allowing governments to collect more revenue.

Median Property Tax Bills in Boone County in FY 2024

CityMedian Property Tax BillMedian Home ValueEffective Tax Rate
Loves Park$9,010$392,5002.3%
Timberlane$8,294$382,0002.2%
Caledonia$6,604$299,9002.2%
Poplar Grove$6,052$319,0001.9%
Belvidere$4,838$214,9502.3%
Candlewick Lake$4,280$219,0002%
Capron$4,087$167,0002.4%
Garden Prairie$2,823$77,5003.6%

Median Property Tax Bills Among Counties in Illinois in FY 2024

County*Median Property Tax Bill
Kendall County$7,751
McHenry County$7,078
Kane County$6,963
Cook County$6,351
Grundy County$5,459
Boone County$4,944
Kankakee County$4,342
Champaign County$4,264
Tazewell County$3,356
Clinton County$3,103
Lee County$3,058
Stephenson County$2,859
Whiteside County$2,602
Jersey County$2,589
Jackson County$2,476
Carroll County$2,106
Coles County$2,021
Knox County$1,865
Hancock County$1,852
Fulton County$1,843
Crawford County$1,437
Vermilion County$1,325

*Only counties with complete property tax records are shown.

Information in this article was obtained from BlockShopper.com. The source data can be found here.



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