Montgomery Economic Development Corporation

Consumer & Tax Information

Sales Tax Information

Sales tax is charged based upon the county in which the business is located. Sales tax rates in the Village of Montgomery as of February 2008, are as follows:

Kane County 7.00%
Kendall County 7.25%

Property Tax Information

The 2007 property tax rate for the Village of Montgomery is 0.3673% of a property's Equalized Assessed Valuation (EAV), down from .5009% in 2003. This means that on a house with an EAV of $100,000, the Village will receive approximately $367.30 in property taxes for the 2007 tax year. The following graph shows the Village's tax rate in past years.

The amount of property taxes paid to the Village is only a very small portion of a homeowner's total property tax bill. Other taxing bodies that may appear on a tax bill are the Library District, School District, Park District, Forest Preserve District, Community College District, Fire Protection District, and others. The Village of Montgomery comprises four townships, two counties, five school districts, five fire protection districts, two park districts and two library districts. These various taxing districts all have different tax rates, so property taxes vary from location to location within the Village. The local township Assessor's Office determines the EAV of each property and maintains all tax records. The Village of Montgomery does not have property tax information. For further information, please contact the Assessor's Office of the township in which you live.

Property Tax Rates
Tax Year 2007
Municipality 0.3673
County  
  Kane 0.37274
  Kendall 0.8692
School District (5 School Districts) 5.1700-3.9155
Others 2.0594
Total 6.8490
Total Equalized Assessed Value $156,932,946
Total Actual Value $471,073,664
 
Local Tax on Utility Bills
Electricity 5.0%
Natural Gas 5.0%
Telephone 5.0%
Water none
 
Retail Sales Tax Rates
General Merchandise  
  Kane 7.00%
  Kendall 7.25%
Food, Drugs, Medical Appliances  
  Kane 1.75%
  Kendall 1.00%
Vehicle Purchases  
  Kane 7.00%*
  Kendall 6.25%
     

* Add 1.25% Chicago Home Rule Tax if vehicle purchased from a dealer at this location and registered in the City of Chicago.




 
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