Naperville Development Partnership

Naperville's Financial Strength

The City of Naperville has one of the lowest municipal property tax rates in the Chicago Metropolitan Area, currently .7166 per $100 of equalized assessed value; while providing exceptional city services.

The city has an Aaa/AAA bond rating by Moody’s and Standard & Poor’s Ratings Group, signifying the city’s strong financial position The municipality is deeply committed to keeping property tax rates as low as possible, as is demonstrated by the chart below.

The city utilizes long-range financial and capital planning to implement and maintain infrastructure and manage city services.

Naperville has about $120 million in total debt, government, electric and water investments. Naperville’s direct debt level is low, as is debt as a percentage of market value (all properties).

Tax Code Example 

As the tax rate chart on this page demonstrate, the City of Naperville boasts one of the lowest combined tax rates in the region as well as one of the lowest municipal rates. The City rate of .4935 combined with the Naperville Library rate of .2231 give you the total city levy of .7166/$100 equalized assessed value (EAV).

Along with a favorable tax rate in Naperville, your business will benefit from the outstanding city services. In communities with populations over 100,000, Naperville is ranked as one of the safest, with fully accredited police, fire and emergency services; it has one of the lowest crime rates; two Triple-A bond ratings; was named the best place to live and the best place to raise children; and a library system that has been named #1 in the country for eight consecutive years.