The median sales price of a Will County home in the second quarter of 2024 was $319,000, based on data from the 2,237 properties sold during that time. In 2024, the median tax bill for the county was $7,043, which is 2.2% of the median value of the homes that were taxed.
This is 2 times higher than the average effective property tax rate of 1.11% in the U.S. in 2023.
The analysis of Will County real estate data showed homeowners in Gilletts, Park Forest, and Tinley Park paid the highest rates.
The above article calculates the effective property tax rate for 2024 using estimated inflation values and 2022 tax data provided by the county. In some cases, the actual effective property tax rate may vary slightly.
The following table compares Gilletts with some other cities belonging to Will County by their median effective property tax rate, calculated using sales and property tax data from the second quarter of 2024.
| City | Q2 2024 Sales | Q2 2024 Median Price | Median tax 2024 | Effective tax rate |
|---|---|---|---|---|
| Gilletts | 3 | $118,000 | $6,132 | 5.2% |
| Park Forest | 7 | $145,500 | $6,385 | 4.4% |
| Tinley Park | 25 | $352,000 | $13,408 | 3.8% |
| University Park | 28 | $156,500 | $5,302 | 3.4% |
| Monee | 24 | $275,000 | $7,699 | 2.8% |
| Minooka | 7 | $310,000 | $8,790 | 2.8% |
| Aurora | 37 | $315,110 | $8,614 | 2.7% |
| Manhattan | 48 | $341,250 | $9,255 | 2.7% |
| Lincoln Estates | 2 | $307,500 | $8,195 | 2.7% |
| Willowbrook | 7 | $360,000 | $9,556 | 2.7% |
| Bolingbrook | 193 | $340,000 | $8,031 | 2.4% |
| Mokena | 74 | $397,500 | $9,483 | 2.4% |
| Wilmington | 22 | $169,250 | $4,014 | 2.4% |
| Arbury Hills | 5 | $265,000 | $6,287 | 2.4% |
| Crete | 55 | $255,000 | $6,013 | 2.4% |
| Romeoville | 122 | $290,000 | $6,645 | 2.3% |
| New Lenox | 106 | $379,000 | $8,830 | 2.3% |
| Lockport | 105 | $312,500 | $7,257 | 2.3% |
| Spencer | 4 | $371,500 | $8,689 | 2.3% |
| Frankfort | 83 | $505,000 | $11,390 | 2.3% |
| Joliet | 454 | $245,000 | $5,390 | 2.2% |
| Channahon | 37 | $330,000 | $7,234 | 2.2% |
| Homer Glen | 71 | $435,000 | $9,377 | 2.2% |
| Steger | 24 | $161,000 | $3,619 | 2.2% |
| Plainfield | 155 | $410,000 | $8,620 | 2.1% |
| Shorewood | 70 | $373,750 | $7,931 | 2.1% |
| Wellington Heights | 2 | $281,300 | $5,771 | 2.1% |
| Custer Park | 3 | $185,000 | $3,955 | 2.1% |
| Frankfort Square | 36 | $342,000 | $7,296 | 2.1% |
| Crest Hill | 57 | $250,000 | $4,949 | 2% |
| Ingalls Park | 10 | $156,750 | $3,189 | 2% |
| Braidwood | 42 | $174,500 | $3,331 | 1.9% |
| Rockdale | 4 | $172,500 | $3,339 | 1.9% |
| Crystal Lawns | 7 | $270,000 | $4,968 | 1.8% |
| Coynes | 2 | $185,500 | $3,305 | 1.8% |
| Naperville | 152 | $738,000 | $12,792 | 1.7% |
| Lakewood Falls | 3 | $351,500 | $6,080 | 1.7% |
| Elwood | 8 | $280,000 | $4,737 | 1.7% |
| Carillon | 14 | $325,000 | $5,525 | 1.7% |
| Beecher | 20 | $310,000 | $5,227 | 1.7% |
| Lakewood Shores | 7 | $200,000 | $2,814 | 1.4% |
| Peotone | 13 | $313,500 | $4,348 | 1.4% |
| Ridgewood | 3 | $182,000 | $2,126 | 1.2% |
| Wheatland View | 2 | $715,000 | $7,651 | 1.1% |
| Fairmont | 7 | $130,000 | $1,107 | 0.9% |
| Preston Heights | 3 | $294,000 | $2,696 | 0.9% |
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