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 2019. 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 9.9958 per $100 EAV, your taxes owed in Year 1 would be $9,396.05 and are calculated as follows: 

$94,000/100 x 9.9958 = $9,396.05

Of this total amount, only $144.76  is received by the Village of Oswego

The following graph gives a breakdown of where your property tax money goes:

$100 bill divided by percentage of tax bill

 

 

 

 Graph of local taxing bodies

 

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

 

PROPERTY TAX RATES - PER $100 OF ASSESSED VALUATION - DIRECT AND OVERLAPPING GOVERNMENTS

 

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

Oswego School CU-308

5.06

5.8377

6.657

7.3488

7.8596

7.8803

7.3176

6.9712

6.9131

6.7944

Oswego Fire Protection District

0.5731

0.6286

0.6713

0.7216

0.7806

0.8045

0.7871

0.7524

0.73766

0.7133

Kendall County

0.5734

0.6396

0.6998

0.7446

0.8009

0.8085

0.7909

0.7477

0.70879

0.6728

Waubonsie JC #516

0.4037

0.4115

0.4702

0.5306

0.569

0.5973

0.5885

0.5601

0.55135

0.5413

Oswego Park District

0.3594

0.383

0.4116

0.4203

0.4872

0.5103

0.4973

0.4764

0.4668

0.4502

Oswego Library District

0.2012

0.2206

0.2449

0.2721

0.2961

0.3058

0.2996

0.2864

0.28078

0.2721

Oswego Road District

0.1675

0.1804

0.187

0.1963

0.2059

0.2124

0.2027

0.1917

0.1824

0.1711

Village of Oswego

0.14

0.1468

0.1453

0.156

0.1633

0.1634

0.1558

0.1541

0.15395

0.154

Kendall County Forest Preserve

0.0944

0.1041

0.1204

0.1495

0.164

0.1826

0.1787

0.1755

0.17521

0.1503

Oswego Township

0.0729

0.079

0.08

0.0845

0.092

0.0947

0.0904

0.0855

0.08139

0.0763

Kendall County Mental Health

        -    

        -    

        -    

         -    

         -    

         -    

 

 

 

 

Kendall County Health

        -    

        -    

        -    

         -    

         -    

         -    

 

 

 

 

TOTAL

7.6456

8.6313

9.6875

10.6243

11.4186

11.5598

10.9086

10.401

10.25143

9.9958

 

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