Momence reported a median commercial property tax rate of 2.7% for fiscal year 2025, ranking it second in Kankakee County, data from BlockShopper.com shows.
The countywide median reached 2% in 2025, placing Momence 0.7 percentage points above the county average.
Of the seven cities in Kankakee County, commercial tax rates spanned from 0.5% in Essex up to 6.8% in St. Anne.
In fiscal year 2024, Momence had a median commercial property tax rate of 1.8%, positioning it fifth among its county peers.
Commercial property tax rates averaged 1.76% across 53 major U.S. cities in 2024, according to the Lincoln Institute of Land Policy. The analysis estimates that a property valued at $1 million, with $200,000 in fixtures, would see an annual tax bill of approximately $21,060. There is a wide disparity in these rates, ranging from less than 1% to up to 4% in different locations.
Several states have classification systems that lead to commercial, industrial, and apartment properties shouldering higher effective rates than residential properties. In some localities, businesses may face tax rates significantly higher than those for residential properties; for example, Charleston applies a commercial property tax at roughly six times higher than the residential rate.
| Rank | City | Tax Rate % |
|---|---|---|
| 1 | St. Anne | 6.8% |
| 2 | Momence | 2.7% |
| 3 | Bradley | 2.1% |
| 3 | Kankakee | 2.1% |
| 5 | Bourbonnais | 1.7% |
| 6 | Manteno | 1.6% |
| 7 | Essex | 0.5% |
| Rank | Address | Tax Rate % |
|---|---|---|
| 1 | 503 E. Ohio St. | 17.9% |
| 2 | N/A | 5.7% |
| 3 | 109 N. Dixie | 5.1% |
| 4 | N/A | 3% |
| 5 | 118 E River St. | 2.7% |
| 6 | 110 E. Washington St. | 2.6% |
| 6 | 526 N. Dixie Highway | 2.6% |
| 8 | N/A | 2.4% |
| 9 | 119 E. Washington St. | 2% |
| 10 | N/A | 1.8% |
Note: Some property addresses may be incomplete or unavailable due to limitations in county assessor records.
Information for this report comes from BlockShopper.com. The original data source is available here.
