Home Buying in Bolingbrook>Question Details

Syed, Home Buyer in Bolingbrook, IL

how much yearly tax?

Asked by Syed, Bolingbrook, IL Sun Jan 23, 2011

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8
You would need to check each property as to how much the taxes are. If I can be of any assistance, please feel free to contact me.
0 votes Thank Flag Link Thu Feb 24, 2011
Also to be considered is if the home you're viewing is in a Special Service Area, which can add a couple of thousand to the tax bill that you'll need to pay. Bolingbrook is a community that has areas subject to an SSA or SAS.

Another thing to consider is whether or not the taxes carry any exemptions, which can include homeowner, senior, disabled vet and/or senior assessment freeze, or if the home is subject to an instant assessment if it is 2 years old or less.

Finally, you'll also want to see what the home's assessed value currently is; if this is a property bought at the peak, it is possible that post-purchase, you can protest the assessment to get it more in line with current values, and then the tax bill might go down...conversely, it can even be underassessed, and the taxes might rise post-purchase.

While there are basic ranges in which taxes fall in the counties that house Bolingbrook, ideally you'd want to check on each particular property to check for any of the above situations - a buyer's agent can assist you with this, or you can do the research yourself on line via the county's assessor and treasurer websites, and by calling Bolingbrook to check on the status of SSA or SAS.
Web Reference: http://www.kimnoonan.com
0 votes Thank Flag Link Mon Jan 24, 2011
look up house you are considering in the county record and it has a tax assessment comp selection tool you can use to check for parity of similar homes in the same zip code.
0 votes Thank Flag Link Mon Jan 24, 2011
Syed -

Specific properties will have specific tax rates, as indicated. Bolingbrook has lower taxes than neighbors to the north Naperville, but higher or similar taxes than some of the neighboring towns of Lockport, Crest Hill and Joliet.

However, it has been fairly consistently awared in the top 100 places to live by Money magazine. See the link below. It has a lot to offer in newer and older home variety too.

http://money.cnn.com/magazines/moneymag/bplive/2010/snapshot…

If you need help finding a home or understanding taxes, I am very familiar with the area.

Suzanne Hamilton
Independent Broker Owner
RE Marketing Consultants, Inc.
888-788-9544
suzanne@remarketingconsultants.com
0 votes Thank Flag Link Mon Jan 24, 2011
Best confer with the county tax office each property stands alone for taxes

Lynn911 Dallas Realtor & Consultant, Loan Officer, Credit Repair Advisor
The Michael Group - Dallas Business Journal Top Ranked Realtors
972-699-9111
http://www.lynn911.com
0 votes Thank Flag Link Mon Jan 24, 2011
Hello Syed,
You can check with your local government center in Bolingbrook at the tax assessor's office as they have the tax records for all properties which is public information. Some municipalities have tax data on-line through their city's web site.
I hope this helps.
Good luck!

Laura Feghali
Prudential Connecticut Realty
0 votes Thank Flag Link Mon Jan 24, 2011
Hello Syed:

As the other person said, we could be more specific with a property address attached to the question. However, I googled 'bolingbrook property taxes' for you. According to http://www.city-data.com this is what I found:

Median real estate property taxes paid for housing units with mortgages in 2009: $5,425 (2.2%)
Median real estate property taxes paid for housing units with no mortgage in 2009: $4,638 (2.2%)

Please feel free to contact me directly bu clicking on my name and then using the 'contact me' tab if you would like more specific information on a property that you have in mind. I would be happy to help.

Thank you & Good Luck!
0 votes Thank Flag Link Mon Jan 24, 2011
Hello Syed - your question doesn't include an address or MLS number. If you'd like to repost and add this info, someone can provide you with the 2010 real estate taxes (and any HOA fees or special assessments) on the property.
Web Reference: http://www.kimnoonan.com
0 votes Thank Flag Link Sun Jan 23, 2011
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