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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