Winnebago County Property Taxes
The median property tax rate in Winnebago County is 2.78%, significantly higher than both the national median of 0.99% and the Illinois state median of 2.35%. With a median home value of $119,208, the typical annual property tax bill in Winnebago County reaches $3,116, surpassing the national median of $2,690. Property taxes in this county are calculated based on the assessed value, which is often lower than the actual market value due to various property tax exemptions, such as those for primary residences and agricultural properties. Understanding Winnebago County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can lead to substantial annual savings. Whether you reside in Rockford or another part of Winnebago County, gaining a thorough understanding of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Winnebago County 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 Winnebago Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Winnebago with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Winnebago to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Winnebago County, Illinois
Property taxes in Winnebago County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Winnebago County is 2.78%, which is higher than both the Illinois state median and the U.S. national median of 0.99%. Local government entities within Winnebago County set these rates annually, and they can vary significantly between different areas within the county. Each year, Winnebago County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. For comparison, the city of Belvidere has one of the higher property tax rates in Illinois at 3.03%, while the city of Monroe Center boasts one of the lowest at 2.18%. Analyzing how Winnebago County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Winnebago County Tax Rate
2.78%
Average Illinois Tax Rate
2.35%
Average United States Tax Rate
0.99%
Property Tax Rates Across Winnebago County, Illinois
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Belvidere | 2.75% | 2.95% | 3.03% | 3.04% | 3.05% |
| Caledonia | 2.21% | 2.45% | 2.67% | 2.73% | 2.87% |
| Cherry Valley | 1.92% | 2.45% | 2.67% | 2.76% | 2.97% |
| Davis | 1.67% | 2.21% | 2.41% | 2.72% | 2.72% |
| Davis Junction | 1.63% | 2.21% | 2.49% | 2.57% | 2.79% |
| Durand | 1.72% | 2.31% | 2.51% | 2.82% | 2.86% |
| Kirkland | 2.00% | 2.19% | 2.37% | 2.47% | 2.53% |
| Leaf River | 2.10% | 2.15% | 2.31% | 2.72% | 2.79% |
| Loves Park | 1.57% | 2.42% | 2.68% | 2.89% | 3.25% |
| Machesney Park | 1.60% | 2.36% | 2.62% | 2.84% | 3.13% |
| Monroe Center | 2.18% | 2.18% | 2.18% | 2.18% | 2.18% |
| Pecatonica | 1.57% | 2.19% | 2.43% | 2.61% | 2.90% |
| Rockford | 1.43% | 2.40% | 2.96% | 3.38% | 3.81% |
| Rockton | 1.94% | 2.50% | 2.70% | 2.87% | 3.02% |
| Roscoe | 2.23% | 2.64% | 2.80% | 2.97% | 3.06% |
| Roselle | 2.85% | 2.85% | 2.85% | 2.85% | 2.85% |
| Seward | 2.12% | 2.38% | 2.49% | 2.68% | 3.08% |
| Shirland | 1.58% | 2.11% | 2.30% | 2.82% | 2.82% |
| South Beloit | 1.54% | 2.25% | 2.60% | 2.79% | 2.88% |
| Stillman Valley | 1.45% | 2.37% | 2.48% | 2.57% | 2.60% |
| Winnebago | 2.16% | 2.42% | 2.67% | 2.99% | 3.12% |
Source: Ownwell
Property Tax Assessment Values Across Winnebago County, Illinois
Understanding the difference between "market value" and "assessed value" is key to comprehending property taxes in Winnebago. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Winnebago Appraisal District. The assessed value, however, 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. Assessment notices in Winnebago are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. For instance, the median home price in Winnebago is $119,208, with tax bills ranging from $1,704 at the 25th percentile to $6,510 at the 90th percentile. Roselle has the highest median tax bill at $9,346, while Shirland has the lowest at $2,132. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Being aware of these valuation processes will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Winnebago County, Illinois
Source: Ownwell
$6,363
$166,961
$327,558
Average Winnebago County Assessed Value
$119,208
Average Illinois Assessed Value
$194,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Winnebago County, Illinois
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Belvidere | $180,822 | $211,290 | $225,375 | $236,772 | $242,562 |
| Caledonia | $149,523 | $186,366 | $216,120 | $243,140 | $273,644 |
| Cherry Valley | $101,001 | $130,270 | $175,044 | $217,310 | $254,222 |
| Davis | $109,857 | $135,996 | $165,921 | $211,728 | $268,268 |
| Davis Junction | $48,047 | $83,343 | $146,528 | $189,913 | $242,795 |
| Durand | $11,313 | $29,252 | $114,228 | $159,466 | $214,719 |
| Kirkland | $110,035 | $126,844 | $166,432 | $226,398 | $279,885 |
| Leaf River | $106,703 | $123,243 | $129,996 | $178,926 | $200,090 |
| Loves Park | $80,185 | $95,775 | $117,420 | $161,106 | $202,361 |
| Machesney Park | $71,541 | $93,708 | $128,280 | $166,920 | $204,633 |
| Monroe Center | $131,283 | $131,283 | $131,283 | $131,283 | $131,283 |
| Pecatonica | $74,292 | $102,159 | $132,000 | $168,069 | $216,057 |
| Rockford | $35,446 | $57,275 | $96,579 | $147,376 | $192,506 |
| Rockton | $119,412 | $154,703 | $187,910 | $235,401 | $287,680 |
| Roscoe | $117,436 | $162,690 | $193,718 | $254,015 | $346,732 |
| Roselle | $327,558 | $327,558 | $327,558 | $327,558 | $327,558 |
| Seward | $78,514 | $91,218 | $102,207 | $141,339 | $155,025 |
| Shirland | $60,410 | $74,952 | $93,510 | $105,402 | $128,878 |
| South Beloit | $48,680 | $79,283 | $145,784 | $172,197 | $249,718 |
| Stillman Valley | $158,916 | $173,724 | $230,478 | $284,820 | $316,830 |
| Winnebago | $32,942 | $131,301 | $167,832 | $205,917 | $255,203 |
Source: Ownwell
Property Tax Bills Across Winnebago County, Illinois
In Winnebago County, IL, property tax bills are calculated based on the assessed value of the property, which is determined by the local assessor. The assessed value is a percentage of the property's market value, and this figure is then multiplied by the local tax rate to determine the annual tax bill. Various factors influence the assessed value, including recent sales of comparable properties, improvements made to the property, and overall market conditions. For homeowners in Winnebago County, the median home price is $119,208. Tax bills can vary significantly, with the 25th percentile at $1,704, the 75th percentile at $4,802, and the 90th percentile reaching $6,510. These figures highlight the range of property tax burdens across the county. For instance, Roselle has the highest median tax bill at $9,346, while Shirland has the lowest at $2,132. Understanding these factors helps homeowners anticipate their tax responsibilities and plan accordingly, ensuring they are prepared for their annual property tax obligations.
Average Winnebago County Tax Bill
$3,116
Average Illinois Tax Bill
$4,715
Average United States Tax Bill
$2,690
Property Tax Bills Across Winnebago County, Illinois
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Belvidere | $5,174 | $5,975 | $6,818 | $7,204 | $7,350 |
| Caledonia | $2,987 | $4,379 | $5,514 | $6,461 | $7,433 |
| Cherry Valley | $2,043 | $3,134 | $4,507 | $5,818 | $6,972 |
| Davis | $2,126 | $2,848 | $3,872 | $5,173 | $6,820 |
| Davis Junction | $1,291 | $1,937 | $3,251 | $4,752 | $6,198 |
| Durand | $34 | $691 | $2,537 | $3,839 | $5,241 |
| Kirkland | $2,735 | $3,235 | $3,591 | $4,570 | $6,190 |
| Leaf River | $2,323 | $2,845 | $3,531 | $4,607 | $4,887 |
| Loves Park | $1,412 | $2,264 | $3,032 | $4,326 | $5,612 |
| Machesney Park | $1,247 | $2,111 | $3,146 | $4,425 | $5,631 |
| Monroe Center | $2,857 | $2,857 | $2,857 | $2,857 | $2,857 |
| Pecatonica | $1,036 | $2,137 | $3,085 | $4,116 | $5,475 |
| Rockford | $523 | $1,332 | $2,647 | $4,309 | $5,993 |
| Rockton | $2,376 | $3,689 | $4,912 | $6,488 | $8,018 |
| Roscoe | $2,085 | $4,136 | $5,341 | $7,060 | $9,859 |
| Roselle | $9,346 | $9,346 | $9,346 | $9,346 | $9,346 |
| Seward | $1,947 | $2,245 | $2,597 | $3,725 | $4,163 |
| Shirland | $1,161 | $1,634 | $2,132 | $2,468 | $2,848 |
| South Beloit | $780 | $1,673 | $3,515 | $4,533 | $6,549 |
| Stillman Valley | $2,858 | $3,674 | $5,228 | $6,803 | $8,152 |
| Winnebago | $8 | $3,236 | $4,398 | $5,623 | $7,064 |
Source: Ownwell