Village of Oswego
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Property Taxes

The Village of Oswego receives the second smallest share of property tax of any taxing district. The Village’s property tax as a percentage of each property owner’s total tax bill is less than 1.5% of the total tax bill, meaning that less than $0.02 of every dollar paid in property taxes will go to the Village in 2017. When all is said and done, the amount due that appears on your tax bill is based on the following equation:

                        Equalized Assessed Value (EAV)/100 x Tax Rate = Taxes Owed

Your EAV, as determined by the township assessor, is equal to one third of your property’s fair market value less any exemption you receive.  Therefore, if you own a property with a fair market value of $300,000 as determined by the township assessor, your EAV would be equal to $100,000. A homestead exemption of $6,000 would further reduce this amount to $94,000.  The tax rate is expressed as an amount per $100 of equalized assessed value (EAV).  Given these assumptions and assuming a tax rate of 10.4011 per $100 EAV, your taxes owed in Year 1 would be $9,777.01 and are calculated as follows:

$94,000/100 x 10.4011 = $9,777.01

Of this total amount, only $144.88 is received by to the Village of Oswego

The Following Graph gives a breakdown of where your property tax money goes:

Property Taxes

Property Tax Rates - per $100 of Assessed Valuation - Direct and Overlapping Government

 

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

Oswego School CU-308

5.06

5.06

5.06

5.8377

6.657

7.3488

7.8596

7.8803

7.3176

6.9712

Oswego Fire Protection District

0.5772

0.5821

0.5731

0.6286

0.6713

0.7216

0.7806

0.8045

0.7871

0.7524

Kendall County

0.5595

0.5724

0.5734

0.6396

0.6998

0.7446

0.8009

0.8085

0.7909

0.7477

Waubonsie JC #516

0.3924

0.399

0.4037

0.4115

0.4702

0.5306

0.569

0.5973

0.5885

0.5601

Oswego Park District

0.3896

0.388

0.3594

0.383

0.4116

0.4203

0.4872

0.5103

0.4973

0.4764

Oswego Library District

0.2012

0.2031

0.2012

0.2206

0.2449

0.2721

0.2961

0.3058

0.2996

0.2864

Oswego Road District

0.1687

0.1711

0.1675

0.1804

0.187

0.1963

0.2059

0.2124

0.2027

0.1917

Kendall County Forest Preserve

0.1292

0.0966

0.0944

0.1041

0.1204

0.1495

0.164

0.1826

0.1787

0.1755

Village of Oswego

0.1335

0.1393

0.14

0.1468

0.1453

0.156

0.1633

0.1634

0.1558

0.1541

Oswego Township

0.0734

0.0745

0.0729

0.079

0.08

0.0845

0.092

0.0947

0.0904

0.0855

Oswego TIF Main & Washington

         

-

Kendall County Mental Health

-

-

-

-

-

-

-

-

-

-

Kendall County Health

-

-

-

-

-

-

-

-

-

-

TOTAL

7.6847

7.6861

7.6456

8.6313

9.6875

10.6243

11.4186

11.5598

10.9086

10.4011

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