Property Tax Reduction Blog

Kaneville Commercial and Residential Values Increase by 7.2% and 7.3% Respectively

Kaneville
The residential market values of property owners in Kaneville Township, Kane County, saw a substantial increase of 7.3% from $158 million in 2023 to $170 million in 2024. The most considerable value increase of 13.1% was observed in properties with a value range of $750k to $1 million. Values increased in a comparable manner across various value ranges. For example, the value of residences priced between $250k and $500k increased by 7.4%. A 7.2% increase was observed in the value of properties that were valued at more than $1.5 million. Similarly, commercial property in Kaneville Township had roughly identical value increases by value range in 2024. Commercial values had increased significantly by 7.2%. Every commercial value category witnessed an average rise of 7%. Properties priced between $750k and $1 million, $1 million to $1.5 million, and more over $1.5 million all saw a 7.3% gain. Commercial property owners with properties valued between... Read More

Campton Township Kane County Values Update – Growth of 14.9% for 2024.

Campton Township
The market value of residential property owners in Campton Township, Kane County saw a substantial rise of 14.9% from $2 billion in 2023 to $3 billion in 2024. The most considerable value increase of 18.5% was observed in properties with a value range greater than $250k. Across the board, each value range experienced significant growth. The value of residences priced between $250k and $500k increased by 15.5%. For property ranging from $1 million to $1.5 million had an increase of 14.1%. A 13.5% increase was observed in the value of properties that were valued at more than $1.5 million. Commercial property in Campton Township had lower increase percentages in 2024 when compared with homes; however, owners also experienced a sufficient growth in property. By 2024, commercial values had increased significantly by 14.9%. Most commercial values had an average of 10% or greater in increase between 2023 and 2024. Properties priced between... Read More

Values of Commercial and Residential Properties in Burlington Township Experienced an 8% Increase

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The residential property market values of taxpayers in Burlington Township, Kane County, experience a modest growth each year. The residential property market in Burlington Township saw a growth of 8% from $274 million in 2023 to $296 million in 2024. Significant growth was observed in each value range for 2024. The properties with a value range of $750k to $1 million experienced the most significant value increase of 9.6%. Property values above $1.5 million increased by 8.5%. Properties valued between $1 million and $1.5 million saw an 8.6% gain. In 2024, the value of commercial property in Burlington Township experienced an increase close to the same percentage as residential property. Commercial values rose by 8%. Between 2023 and 2024, the majority of commercial values experienced an average increase of 8% or less. Properties priced less than $250k saw a gain of 7.5%. The growth rate for commercial property owners with properties valued... Read More

Batavia Township Property Values Rose 10% in 2024.

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Batavia Township, Kane County homes witnessed a moderate in 2024 as each value range grew. The residential property market in Batavia Township increased by 10.9%, from $4 billion in 2023 to $4.4 billion in 2024. Properties priced between $250k and $500k, as well as $500k and $750k, had the greatest 11% gain in value. Property prices ranging from $1 million to $1.5 million climbed significantly by 10.8%. The value of commercial property in Batavia Township saw a modest increase in percentage of 10.5% by 2024. Commercial properties in the timeframe of 2023 to 2024 experienced a range of value increases, from 7% to 11%. A modest 8.2% increase was observed in properties priced below $250k. The growth rate for commercial property owners with properties valued between $1 million and $1.5 million was 9.8%. There was an 8.6% increase in the value of properties priced between $750k and $1 million. According to the graphs,... Read More

Cook County Township Palos Commercial Property Owners Face Surge of 8% in Average Value, Residential Values Face Minimal Change of 0.5%

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Property owners in Palos Township, Cook County, experience an annual rise in their residential property market values. The residential property market in Palos Township experienced a modest increase of 0.5% from $6.1 billion in 2023 to $6.2 billion in 2024. The properties in the $1.5 million or higher value range experienced the most substantial value increase of 3.24%. The most substantial increases were observed in residences of higher value, while a relatively modest increase was observed in residences of lesser value. For instance, the value of residences valued at $250k or less increased by 0.04%. Properties valued between $750k and $1 million experienced a 3.56% increase. In contrast to residential properties, commercial properties in Palos Township have strikingly greater increases in value. Commercial values experienced a substantial increase of 8.0% for 2024. Palos township commercial property exceeding $1.5 million in 2024 find average assessment up 13.5%. Commercial property owners who own... Read More