Property Taxes

Property Tax Levy

Each year, the tax levy process begins in August. This process includes compiling historical data, polling townships for growth and reassessment rates, developing revenue projections, updating the City’s capital plans and updating the City’s long-term operational plans.

Annually, the City Council holds Financial Overview and Tax Levy workshops. Based upon Council’s direction and the analysis described, staff compiles tax levy information.

State law dictates the timing and process to follow in the levy and collection of property taxes. This necessitates passage of a property tax levy in advance of the budget year in which these funds are used. Consequently, City Council typically approves a property tax levy amount that satisfies the procedural requirements of law and gives City Council a small margin of flexibility in terms of determining, at a later date, the final property tax rate. Typically, after City Council reviews the operating budget and debt analysis, the amount of the approved levy is reduced by a series of property tax abatement ordinances, approved the following April. When considering the amount of the initial levy, City Council consistently sets an expectation to the City Manager and staff to present a budget allow for abatements.

Property Taxes

Below is a breakdown of resident property taxes and how they are used. 

Tax Levy Year 2016 2017 2018
City of Naperville  CY16 CY17 CY18
Average Home Value $385,000 $380,000 $390,000
EAV or Home $128,333 $126,667 $130,000
City Property Tax 0.7392 0.7004 0.6815
Property Tax Paid to the City of Naperville by Average Homeowner $867.33 $810.13 $810.98