White Heath, Illinois Property Taxes
The median property tax rate in White Heath, IL is 1.88%, considerably higher than both the national median of 0.99% and the Illinois state median of 2.35%. With the median home value in White Heath, the typical annual property tax bill reaches $4,147, exceeding the national median of $2,690. Property taxes in White Heath are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding White Heath's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of White Heath or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
White Heath, Illinois Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
2.35%
Estimate Property Tax Bill
$4,700
Ownwell’s White Heath Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in White Heath with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in White Heath to provide an estimate of your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across White Heath, Illinois
Property taxes in White Heath, Illinois, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in White Heath is 1.88%, which is significantly higher than both the Illinois state median and the U.S. national median of 0.99%. Local government entities within White Heath set these rates annually, and they can vary significantly across different neighborhoods. Each year, White Heath estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares White Heath's effective property tax rate to other counties in Illinois and the national median. For comparison, the 61884 zip code has the highest median property tax rate of 1.88%, while the same zip code also has the lowest median tax rate of 1.88%. Understanding how these cities compare with White Heath provides valuable insights into the varying tax landscape across Champaign County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average White Heath Tax Rate
1.88%
Average Champaign County Tax Rate
2.54%
Average Illinois Tax Rate
2.35%
Average United States Tax Rate
0.99%
Property Tax Rates Across White Heath, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61884 | 1.82% | 1.84% | 1.88% | 2.00% | 2.15% |
Source: Ownwell
Property Tax Assessment Values Across White Heath, Illinois
In White Heath, Illinois, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Champaign County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In White Heath, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in White Heath helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill is $4,147 in zip code 61884, while the lowest is also $4,147 in the same zip code.
Average White Heath Assessed Value
$224,970
Average Champaign County Assessed Value
$152,850
Average Illinois Assessed Value
$194,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across White Heath, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61884 | $176,400 | $200,670 | $224,970 | $269,070 | $466,320 |
Source: Ownwell
Property Tax Bills Across White Heath, Illinois
In White Heath, Champaign County, IL, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. The local tax rate is then applied to this assessed value. For instance, with a median home price of $224,970, homeowners can expect varying tax bills. Factors influencing the tax bill include the property's assessed value, local tax rates, and any applicable exemptions. In White Heath, the tax bill at the 25th percentile is around $3,839, while at the 75th percentile, it rises to $5,128. For those at the 90th percentile, the tax bill can reach up to $10,850. These property taxes play a crucial role in funding public services such as schools, infrastructure, and emergency services, directly impacting homeowners. Compared to the national median property tax rate of 0.99%, White Heath’s tax rates may appear higher, reflecting the local funding needs and property values. Homeowners should stay informed about their property's assessed value and any potential exemptions to manage their tax liabilities effectively.
Average White Heath Tax Bill
$4,147
Average Champaign County Tax Bill
$3,816
Average Illinois Tax Bill
$4,715
Average United States Tax Bill
$2,690
Property Tax Bills Across White Heath, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61884 | $3,642 | $3,839 | $4,147 | $5,128 | $10,850 |
Source: Ownwell