Enfield, Illinois Property Taxes
The median property tax rate in Enfield, IL is 1.65%, which is considerably higher than the national median of 0.99% but lower than the Illinois state median of 2.35%. With a median home value of $44,079 in Enfield, the typical annual property tax bill reaches $715, which is below the national median of $2,690. Property taxes in Enfield are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Enfield'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 Enfield 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
Enfield, 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 Enfield Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Enfield using just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Enfield to estimate your property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in more detailed trends at a neighborhood level, additional localized information is available below. Your property’s assessed value is the value assigned by the county for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Enfield, Illinois
Property taxes in Enfield, Illinois, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Enfield is 1.65%, significantly higher than both the Illinois state median and the U.S. national median of 0.99%. Local government entities within Enfield set these rates annually, and they can vary significantly across different neighborhoods. Each year, Enfield 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 Enfield's effective property tax rate to other counties in Illinois and the national median. For comparison, the 62835 zip code has the highest median property tax rate of 1.65%, while the same zip code also has the lowest median tax rate of 1.65%. Understanding how these cities compare with Enfield provides valuable insights into the varying tax landscape across White County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Enfield Tax Rate
1.65%
Average White County Tax Rate
1.88%
Average Illinois Tax Rate
2.35%
Average United States Tax Rate
0.99%
Property Tax Rates Across Enfield, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62835 | 0.73% | 1.14% | 1.65% | 2.14% | 3.08% |
Source: Ownwell
Property Tax Assessment Values Across Enfield, Illinois
In Enfield, 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 White 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 Enfield, 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 Enfield helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $715, found in the 62835 zip code.
Average Enfield Assessed Value
$44,079
Average White County Assessed Value
$52,311
Average Illinois Assessed Value
$194,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Enfield, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62835 | $12,726 | $26,806 | $44,079 | $68,342 | $106,581 |
Source: Ownwell
Property Tax Bills Across Enfield, Illinois
In Enfield, White County, IL, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. This assessed value is determined by the local assessor's office and is crucial in calculating the property tax bill. The local tax rate is then applied to this assessed value to determine the final tax bill. Various factors influence the assessed value, including the property's location, size, and condition. For homeowners in Enfield, the median home price is $44,079. Property tax bills can vary significantly, with the 25th percentile tax bill at $336 and the 75th percentile reaching $1,200. At the 90th percentile, homeowners might see tax bills as high as $1,867. The highest median tax bill in the area is $715, found in the 62835 zip code. These property taxes can impact homeowners' monthly budgets and overall financial planning, making it essential to understand how these taxes are calculated and what factors may influence them.
Average Enfield Tax Bill
$715
Average White County Tax Bill
$910
Average Illinois Tax Bill
$4,715
Average United States Tax Bill
$2,690
Property Tax Bills Across Enfield, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62835 | $161 | $336 | $715 | $1,200 | $1,867 |
Source: Ownwell