Windsor, Illinois Property Taxes
The median property tax rate in Windsor, IL is 1.89%, considerably higher than both the national median of 0.99% and the Illinois state median of 2.35%. With the median home value in Windsor at $108,462, the typical annual property tax bill reaches $2,306, slightly below the national median of $2,690. Property taxes in Windsor 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 Windsor'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 Windsor 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
Windsor, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.89%
Estimate Property Tax Bill
$2,050
$2,003
Ownwell’s Windsor Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Windsor with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Windsor to estimate 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 Windsor, Illinois
Property taxes in Windsor, Illinois, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Windsor is 1.89%, significantly higher than both the Illinois state median and the U.S. national median of 0.99%. Local government entities within Windsor set these rates annually, and they can vary significantly across different neighborhoods. Each year, Windsor 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 Windsor's effective property tax rate to other areas in Illinois and the national median. For comparison, the 61957 zip code has the highest median property tax rate of 1.89%, while the same 61957 zip code also has the lowest median tax rate of 1.89%. Understanding how these areas compare with Windsor provides valuable insights into the varying tax landscape across Moultrie County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Windsor Tax Rate
1.89%
Average Moultrie County Tax Rate
2.15%
Average Illinois Tax Rate
2.35%
Average United States Tax Rate
0.99%
Property Tax Rates Across Windsor, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61957 | 1.01% | 1.50% | 1.89% | 2.27% | 3.04% |
Source: Ownwell
Property Tax Assessment Values Across Windsor, Illinois
In Windsor, 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 Moultrie 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 Windsor, 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. Windsor's median home price is $108,462, with tax bills ranging from $1,191 at the 25th percentile to $4,382 at the 90th percentile. The highest and lowest median tax bills in the area are both $2,306, found in zip code 61957. By understanding 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 Windsor helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Windsor Assessed Value
$108,462
Average Moultrie County Assessed Value
$97,648
Average Illinois Assessed Value
$194,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Windsor, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61957 | $25,160 | $65,873 | $108,462 | $148,042 | $172,443 |
Source: Ownwell
Property Tax Bills Across Windsor, Illinois
In Windsor, IL, property tax bills are calculated based on the assessed value of a property, which is determined by the local assessor. The assessed value is typically a percentage of the market value of the home. For example, if the median home price in Windsor is $108,462, the assessed value would be a fraction of this amount. Once the assessed value is established, the local tax rate is applied to calculate the property tax bill. Several factors influence the tax bill, including the property's location within Moultrie County, any applicable exemptions, and the specific tax rate set by local taxing authorities. Homeowners in Windsor can expect their tax bills to vary significantly, with the 25th percentile paying around $1,191 and the 75th percentile paying up to $3,287. Those at the 90th percentile might see bills as high as $4,382. These property taxes fund essential local services such as schools, public safety, and infrastructure, directly impacting the quality of life for homeowners in Windsor.
Average Windsor Tax Bill
$2,306
Average Moultrie County Tax Bill
$2,121
Average Illinois Tax Bill
$4,715
Average United States Tax Bill
$2,690
Property Tax Bills Across Windsor, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61957 | $471 | $1,191 | $2,306 | $3,287 | $4,382 |
Source: Ownwell