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Taxes
For the services provided to residents, the Village charges $0.30 per $100 of assessed value of your property value for tax year 2007. Below is a list of how Elwood compares to other Will County community tax rates based on 2006 tax year.

| Property Tax levy FY 2007 |
|
|
|
2005 |
2006 |
|
|
|
| Homer Glen |
0.0000 |
0.0000 |
| Symerton |
0.0954 |
0.0830 |
| Godley |
0.1276 |
0.1240 |
| Diamond |
0.1411 |
0.1445 |
| Elwood |
0.2092 |
0.2019 |
| Mokena |
0.2109 |
0.1988 |
| Woodridge |
0.2437 |
0.2418 |
| New Lenox |
0.2951 |
0.2806 |
| Rockdale |
0.3319 |
0.2905 |
| Shorewood |
0.3392 |
0.2962 |
| Plainfield |
0.4124 |
0.4076 |
| Frankfort |
0.4189 |
0.3805 |
| Crest Hill |
0.4358 |
0.4195 |
| Orland Park |
0.4419 |
0.3990 |
| Naperville |
0.4674 |
0.4617 |
| Lemont |
0.4827 |
0.3322 |
| Channahon |
0.5809 |
0.5258 |
| Beecher |
0.5831 |
0.5440 |
| Bolingbrook |
0.6528 |
0.6098 |
| Minooka |
0.8087 |
0.6482 |
| Joliet |
0.8226 |
0.8044 |
| Romeoville |
0.8812 |
0.8802 |
| Tinley Park |
0.9066 |
0.8171 |
| Peotone |
0.9153 |
0.8314 |
| Lockport |
0.9392 |
0.8771 |
| Manhattan |
0.9566 |
0.9566 |
| Coal City |
0.9659 |
0.7769 |
| Monee |
0.9890 |
0.9495 |
| Wilmington |
1.0510 |
0.9724 |
| Crete |
1.1398 |
1.1119 |
| Steger |
1.3527 |
1.2852 |
| Aurora |
1.6736 |
1.6676 |
| Braidwood |
1.8053 |
1.7123 |
| Sauk Village |
2.3058 |
2.0997 |
| Park Forest |
4.2575 |
4.5276 |
| University Park |
5.2298 |
5.0692 |
Where do your tax bills go?
| 2006 TAX LEVY |
|
| Village of Elwood |
0.2019 |
| Village of Elwood Road and Bridge |
0.1245 |
| Forest Preserve |
0.1369 |
| Will County Bldg Comm |
0.0127 |
| Jackson Township Town Funds |
0.0859 |
| Jackson Township Road Funds |
0.1538 |
| Elwood Fire Protection District |
0.6176 |
| School District 203 |
2.5405 |
| High School District 204 |
2.0244 |
| Community College District 525 |
0.1936 |
| Manhattan Public Library |
0.1697 |
| Will County |
0.503 |
| Total |
6.7642 |
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