Illinois— Property Tax & Closing Costs
2024 Census dataEffective tax rate
2.26%
of assessed value annually
Median home value
$327,000
2024 ACS survey
Median taxes paid
$7,382/yr
2024 data
Kane County's 2.26% effective property tax rate ranks 38th highest among the 3,134 US counties tracked, placing it in the top 5% highest nationally. Within Illinois's 102 counties, it's the 8th highest. On the county's median home value of $327,000, the typical homeowner pays $7,382 annually in property tax — $5,753 more than the national median of $1,629. At closing, Illinois's 0.15% combined real estate transfer tax adds roughly $491 on a median-priced home, typically paid by the seller. FEMA data shows 25.1% of the county's land area sits within a Special Flood Hazard Area — a high exposure level that may trigger mandatory flood insurance on mortgaged properties.
Calculate your true cost
Enter any purchase price to see the full cost breakdown for Kane County.
County median: $327,000
Leave at $0 if the property has no homeowners association.
LTV: 80.00%
At closing
Monthly ongoing
Year one
High flood risk. Flood insurance likely required by your lender. Verify the flood zone at msc.fema.gov.
All figures are estimates for planning purposes only. Mortgage payment assumes a 30-year fixed rate of 6.8% — your lender will confirm the actual rate. Closing costs vary by lender and transaction. Consult a licensed real estate attorney and lender before making any financial decisions.
Illinois property tax exemptions
Ways buyers in Kane County may reduce their annual property tax. These programs apply statewide; verify county specifics with your local assessor.
General Homestead Exemption
Reduces EAV by up to $10,000 in Cook County, $8,000 in collar counties, or $6,000 elsewhere for owner-occupied primary residences.
View official source →Senior Citizens Homestead Exemption
$5,000 reduction in EAV for homeowners age 65+ who own and occupy their home and are liable for property tax.
View official source →Senior Freeze (Low-Income Assessment Freeze)
Freezes the EAV at the base year value for qualifying seniors 65+. Maximum income limit raised to $75,000 for assessment year 2026 (payable 2027) per SB 642 (Dec 2025).
View official source →Disabled Veterans Standard Homestead Exemption
Graduated by VA disability rating: $2,500 EAV reduction (30-49%), $5,000 (50-69%), full exemption for 70%+ service-connected disability. Total exemption also available for specific adapted-housing cases.
View official source →Last verified 2026-04. Exemption amounts and eligibility change frequently — always confirm with your county assessor before claiming.
Frequently asked questions
Answers to common questions about buying a home in Kane County.
The effective property tax rate in Kane County is 2.26% — calculated as the median annual property tax paid ($7,382) divided by the median home value ($327,000), using 2024 US Census ACS 5-year estimates. Your actual bill depends on your purchase price, homestead or senior exemptions, and any special assessments applied in your taxing district.
Illinois's combined real estate transfer tax is approximately 0.15% of the purchase price. On the median Kane County home value of $327,000, this adds roughly $491 at closing. State $0.50/$500 (0.1%) + county $0.25/$500 (0.05%), both seller. Chicago adds a city tax of $5.25/$500 total — $3.75/$500 (0.75%) buyer-paid CTA portion + $1.50/$500 (0.3%) seller-paid portion. Other home-rule municipalities (Evanston, Oak Park, Naperville, Aurora) set their own rates.
Partially. 25.1% of Kane County's land area lies within a FEMA Special Flood Hazard Area. Whether flood insurance is required depends on your specific property — check msc.fema.gov before making an offer.
Closing costs for a buyer in Kane County typically run $6,540–$16,350 (2–5% of purchase price) on a median-priced home, including title insurance ($800–$2,000), appraisal ($400–$700), home inspection ($350–$600), recording fees ($100–$300), and loan origination (0.5–1.0% of the loan amount). Use the calculator above for a specific estimate at your purchase price.
Data sources for Kane County
Every figure on this page is traceable. Verify the numbers yourself against the original public data.
Source for the 2.26% effective property tax rate, median home value, and median taxes paid (ACS 5-year, 2024 vintage).
Source for county-level flood zone exposure, wildfire risk, and other natural hazard ratings. Updated quarterly by FEMA.
Look up a specific property's flood zone and insurance rate map before making an offer on a home in Kane County.
Guides for Illinois home buyers
What every buyer should read before making an offer.
HOA Documents
HOA lawsuits — how to check for pending litigation against your future HOA before you close
A buyer closed on a house and only then found out about ongoing HOA lawsuits. Six checks you can run yourself before your contingencies expire.
Read the guide →HOA Documents
Undisclosed HOA special assessment — what you can do if you find out after closing
HOA special assessment not on the disclosure? One buyer got a $15,000 bill the day after closing. How to catch it before — and what to do after.
Read the guide →