🧾 Tax Watch – Joliet Township Example (2023)

Property taxes in Will County are one of the most misunderstood — and most impactful — burdens on homeowners. Unlike sales tax or income tax, property taxes are not tied to your income or spending habits. Instead, they're based on the assessed value of your property, multiplied by a local tax rate that reflects how much each taxing body (school district, fire district, city, etc.) requests in its annual budget.

Each year, property owners receive a tax bill detailing how their payments are split among numerous local government entities. But many residents are surprised to learn just how much of their tax bill goes to schools, or that their bill supports dozens of separate taxing bodies, some of which they’ve never interacted with.

To help bring clarity, we’ve broken down a real-world example from Joliet Township, using publicly available data from Tax Code 3001. This sample assumes a $250,000 home (with an assessed value of $83,333) and uses the local tax rate of 8.2918%.

📌 Approximate Total Property Tax: $6,907