Home in Naperville, School District 203
The home we are using for this example is a $375,000 house in the City of Naperville. Assessing the property at 1/3 fair market value produces an assessed value of $125,000. To calculate the taxes for the property, the residential exemption is subtracted from the assessed value and this figure is multiplied by the tax rate for the area.
$125,000 - $6,000 = $119,000
$119,000 x 5.5077 (Tax Rate) = $6,554.16
Taxes are itemized by the individual taxing bodies as follows:
| School District 203 |
$4,700.74 |
| City of Naperville |
$635.22 |
| Naperville Park District |
$306.31 |
| Naperville Library |
$217.53 |
| College of Du Page |
$253.11 |
| Du Page County |
$184.93 |
| Forest Preserve |
$144.82 |
| Nap Twnshp |
$49.86 |
| Nap Twnshp Hwy |
$44.03 |
| Airport Authority |
$17.61 |
Home in Aurora, School District 204
The home we are using for this example is a $375,000 house in the City of Aurora. Assessing the property at 1/3 fair market value produces an assessed value of $125,000. To calculate the taxes for the property, the residential exemption is subtracted from the assessed value and this figure is multiplied by the tax rate for the area.
$125,000 - $6,000 = $119,000
$119,000 x 7.4001 (Tax Rate) = $8,806.12
Taxes are itemized by the individual taxing bodies as follows:
| School District 204 |
$5,353.45 |
| City of Aurora |
$1,971.24 |
| Fox Valley Park Dist. |
$502.06 |
| Aurora Library |
$302.62 |
| College of Du Page |
$253.11 |
| Du Page County |
$184.93 |
| Forest Preserve |
$144.82 |
| Nap Twnshp |
$49.86 |
| Nap Twnshp Hwy |
$44.03 |