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Will County, IL Property Tax Rate Dropping Again in 2027
Will County, IL – Homeowners across Will County could see a lower property tax rate for the Forest Preserve District in 2027, even as home values continue climbing. Officials approved a $91.81 million
By Audrey Sloan · 2026-11-13T19:55:22.863Z
Will County, IL – Homeowners across Will County could see a lower property tax rate for the Forest Preserve District in 2027, even as home values continue climbing. Officials approved a $91.81 million budget Thursday that includes recreational improvements and conservation projects.
According to the Forest Preserve District of Will County, commissioners approved the balanced 2027 budget November 12, continuing a multiyear trend of declining property tax rates.
The district estimates its 2026 property tax rate, payable in 2027, will fall to $0.0790 per $100 of equalized assessed valuation, a 4.13% decrease from the previous rate of $0.0824.
For homeowners, the projected savings are notable.
In 2021, the owner of a median priced $280,000 home paid approximately $124.97 annually to the Forest Preserve District.
For taxes payable in 2027, the owner of a median priced $365,000 home is projected to pay approximately $96.25.
That represents a 22.9% reduction in the Forest Preserve portion of property taxes despite rising median home values. The comparison does not represent a reduction in homeowners' overall property tax bills.
However, the district's total property tax levy is expected to increase from $18.8 million to $19.6 million because of higher property values and new construction.
The approved budget also supports improvements throughout Will County, including upgrades at Goodenow Grove Nature Preserve, potential water access improvements at Monee Reservoir and engineering work for regional trail connections.
Additional projects include Veterans Memorial Trail expansion planning and habitat restoration at Forked Creek Preserve, Hammel Woods and McKinley Woods.
Executive Director Tracy Chapman said the district remains focused on balancing land preservation with responsible financial management.
The district will celebrate its 100th anniversary in 2027. It currently manages more than 24,000 acres and 135 miles of trails.
Residents should note that the lower rate applies specifically to the Forest Preserve District, not the entire property tax bill.