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Dupage Policy Journal

Sunday, November 17, 2024

Analysis: Oakbrook Terrace pays property taxes nearly two times national average

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This townhouse, 1105 Oxford Court in Oakbrook Terrace, has a property tax bill of nearly $9,300. | Zillow.com

This townhouse, 1105 Oxford Court in Oakbrook Terrace, has a property tax bill of nearly $9,300. | Zillow.com

Property owners in Oakbrook Terrace paid nearly 2.4 percent of the value of their homes in taxes last year. That’s nearly two times the national average, according to an LGIS analysis of real estate sales data in DuPage County from Jan 1. to June 30.

Local Government Information Service (LGIS) publishes the DuPage Policy Journal.

Oakbrook Terrace, population 2,158, recorded a median sale price of $200,000, based on data from the 7 properties sold during the first half of 2018. In 2017, homeowners paid a median property tax bill of $4,719, according to county tax data from the DuPage County Assessment Office.

That’s 2.36 percent of the community’s median home value. In the U.S., the average effective property tax rate is 1.19 percent.

Put another way: a $200,000 home in Indiana, where the effective rate is 0.89 percent, would have a property tax bill of about $1,780, or nearly $2,940 less per year.

The analysis, including 38 DuPage County communities with more than five sales since January, shows homeowners in Wayne and Glendale Heights, each clocking in with effective rates of 3 percent or higher. 

Hanover Park, Bartlett and Roselle all have rates higher than 2.75 percent.

Carol Stream, Bloomingdale, Bolingbrook, Medinah and Aurora are 2.5 percent or higher — about average in Illinois but two times the national average. Illinois homeowners pay the second-highest property tax in the country with an effective median rate of 2.32 percent, just behind those in New Jersey's (2.28 percent). 

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DuPage County communities paying the highest effective property tax rates

The following table ranks DuPage County communities by their median effective property tax rate, calculated using sales and property tax data from 2018.

City  Jan - June  

 2018 Sales

  Jan - June 2018

     Median Price

  Median tax  Effective  

  tax rate

Wayne13$350,000$12,1763.48%
Glendale Heights 129$185,000$5,5523.00%
Hanover Park67$185,000$5,3362.88%
Bartlett152$268,000$7,6812.87%
Roselle108$209,500$5,8812.81%
Carol Stream187$235,000$6,2322.65%
Bloomingdale 99$261,000$6,6382.54%
Bolingbrook 5$261,000$6,6192.54%
Medinah 8$264,750$6,6692.52%
Aurora 323$228,000$5,6962.50%
Woodridge 135$266,500$6,6272.49%
Oak Brook71$420,000$10,1462.42%
Warrenville 66$193,174$4,6292.40%
Itasca40$259,500$6,2072.39%
Winfield 39$304,000$7,2252.38%
Addison 136$221,750$5,2402.36%
Oakbrook Terrace     7$200,000$4,7192.36%
Lombard 226$239,898$5,6412.35%
Wood Dale68$210,000$4,8642.32%
St. Charles7$212,500$4,9032.31%
Glen Ellyn197$379,000$8,6042.27%
Bensenville 59$221,000$4,9422.24%
West Chicago 104$265,000$5,9162.23%
Wheaton 324$334,000$7,3762.21%
Burr Ridge 37$490,000$10,7222.19%
Lisle 129$322,500$7,0312.18%
Naperville 639$350,000$7,5312.15%
Darien 105$277,000$5,9542.15%
Villa Park99$245,000$5,0742.07%
Glenbard South 17$350,000$7,1262.04%
Dupage City28$117,750$2,3271.98%
Clarendon Hills 61$479,000$8,7731.83%
Westmont125$270,000$4,9161.82%
Elmhurst256$410,000$7,4331.81%
Downers Grove324$332,000$5,8861.77%
York Center38$158,250$2,6171.65%
Willowbrook73$176,500$2,7261.54%
Hinsdale 112$902,500$13,4551.49%
Source: Blockshopper.com; DuPage County Assessment Office

DuPage County communities with the highest median home price

The following table ranks DuPage County communities by their median sale price, which is calculated using prices of properties sold during the first six months of 2018.

CityJan - June 2017 SalesJan - June 2017 Median PriceJan - June 2018 SalesJan - June 2018 Median PriceChange
Hanover Park133$153,45067$185,00020.56%
Westmont185$225,000125$270,00020.00%
West Chicago 176$224,900104$265,00017.83%
Clarendon Hills 101$415,00061$479,00015.42%
Villa Park 162$215,55099$245,00013.66%
Lisle207$288,000129$322,50011.98%
Willowbrook136$158,75073$176,50011.18%
Hinsdale189$815,000112$902,50010.74%
Glendale Heights 207$170,000129$185,0008.82%
York Center 54$146,48538$158,2508.03%
Elmhurst 427$380,000256$410,0007.89%
Carol Stream279$218,500187$235,0007.55%
Wheaton 446$312,400324$334,0006.91%
Glen Ellyn317$355,000197$379,0006.76%
Naperville 934$329,000639$350,0006.38%
Aurora 477$217,000323$228,0005.07%
Bensenville 98$211,00059$221,0004.74%
Addison199$212,000136$221,7504.60%
Darien191$266,000105$277,0004.14%
Winfield 77$292,00039$304,0004.11%
Wood Dale108$203,50068$210,0003.19%
Lombard 405$234,000226$239,8982.52%
St. Charles11$207,5007$212,5002.41%
Bloomingdale 207$255,00099$261,0002.35%
Downers Grove 518$325,000324$332,0002.15%
Bartlett193$263,000152$268,0001.90%
Warrenville 159$190,00066$193,1741.67%
Bolingbrook 7$257,5005$261,0001.36%
Woodridge 197$272,000135$266,500-2.02%
Itasca 77$265,00040$259,500-2.08%
Glenbard South29$362,00017$350,000-3.31%
Dupage City 45$127,00028$117,750-7.28%
Burr Ridge 56$530,62537$490,000-7.66%
Roselle 170$233,500108$209,500-10.28%
Wayne 17$405,00013$350,000-13.58%
Oakbrook Terrace 18$237,0007$200,000-15.61%
Oak Brook 89$579,00071$420,000-27.46%
Medinah 13$432,0008$264,750-38.72%
Source: Blockshopper.com; DuPage County Recorder

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