Westville, Illinois Property Taxes
The median property tax rate in Westville, IL is 2.11%, significantly higher than both the national median of 0.99% and the Illinois state median of 2.35%. With the median home value in Westville at $64,161, the typical annual property tax bill reaches $1,283, which is below the national median of $2,690. Property taxes in Westville 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 Westville'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 Westville 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
Westville, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.11%
Estimate Property Tax Bill
$1,354
$1,323
Ownwell’s Westville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Westville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Westville 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 Westville, Illinois
Property taxes in Westville, Illinois, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Westville is 2.11%, significantly higher than both the Illinois state median and the U.S. national median of 0.99%. Local government entities within Westville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Westville 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 Westville's effective property tax rate to other counties in Illinois and the national median. For comparison, the 61883 zip code has the highest median property tax rate of 2.11%, while the same zip code also has the lowest median tax rate of 2.11%. Understanding how these cities compare with Westville provides valuable insights into the varying tax landscape across Vermilion County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Westville Tax Rate
2.11%
Average Vermilion County Tax Rate
2.53%
Average Illinois Tax Rate
2.35%
Average United States Tax Rate
0.99%
Property Tax Rates Across Westville, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61883 | 0.97% | 1.57% | 2.11% | 2.71% | 2.71% |
Source: Ownwell
Property Tax Assessment Values Across Westville, Illinois
In Westville, 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 Vermilion County Assessor's Office 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 Westville, 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 Westville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $1,283, found in the 61883 zip code, which also has the lowest median tax bill at $1,283.
Average Westville Assessed Value
$64,161
Average Vermilion County Assessed Value
$59,223
Average Illinois Assessed Value
$194,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Westville, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61883 | $23,792 | $42,914 | $64,161 | $95,114 | $136,800 |
Source: Ownwell
Property Tax Bills Across Westville, Illinois
In Westville, IL, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Westville is $64,161. Property tax rates in Vermilion County are applied to this assessed value to determine the annual tax bill. For example, homeowners in the 25th percentile can expect a tax bill around $684, while those in the 75th percentile may see bills closer to $1,994. The tax bill can reach up to $3,106 for those in the 90th percentile. Several factors influence the tax bill, including the property's assessed value, local tax rates, and any applicable exemptions. These taxes fund essential public services such as schools, infrastructure, and emergency services, directly affecting homeowners by contributing to the quality of community amenities. Compared to the national median property tax rate of 0.99%, Westville offers a diverse range of tax bills, reflecting the varying property values and local tax policies within Vermilion County.
Average Westville Tax Bill
$1,283
Average Vermilion County Tax Bill
$1,325
Average Illinois Tax Bill
$4,715
Average United States Tax Bill
$2,690
Property Tax Bills Across Westville, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61883 | $310 | $684 | $1,283 | $1,994 | $3,106 |
Source: Ownwell