Caledonia, Boone County, Illinois Property Taxes

Name: Property Tax Bills Across Caledonia, Boone County, Illinois
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Caledonia, IL effective property tax rate: 2.64%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Caledonia, IL home value: $257,043
Median annual Caledonia, IL tax bill: $6,689, $4,289 higher than the national median property tax bill of $2,400.

How are property taxes in Boone calculated?

Property taxes in Caledonia, IL are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Caledonia’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Caledonia, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Caledonia, Boone County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.64%

Estimate Property Tax Bill

$6,786

$6,297

Ownwell’s Caledonia Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Caledonia with just two data points. By entering your property's estimated assessed value, our calculator applies Caledonia’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Boone County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Caledonia, Boone County, Illinois

Local government entities in Caledonia, IL, establish property tax rates that can differ significantly across the state. Each year, Boone County determines its budget needs for essential services and divides this by the total assessed value of all taxable properties within its borders, resulting in the property tax rate. This process, though influenced by votes and legislative measures, forms the core of the annual tax rate determination.

Caledonia's effective property tax rate offers a point of comparison with other cities in Illinois, as well as state and national averages. With a median property tax rate of 2.64%, Caledonia stands out against the national median of 1.02%. This higher rate reflects the local government's unique budgetary requirements and the value of properties in the area. Understanding these differences is crucial for homeowners looking to appeal their property taxes or apply for exemptions. By comprehending how local rates compare to broader averages, property owners can make informed decisions about their tax liabilities and potential savings opportunities.

Property Tax Rates Across Caledonia, Boone County, Illinois

Source: Ownwell

2.53%

2.70%

2.87%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Caledonia Tax Rate

2.64%

Median Effective Boone County Tax Rate

2.69%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Caledonia, Boone County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
61011	2.29%	2.46%	2.64%	2.76%	2.89%

Source: Ownwell

Property Tax Assessment Values Across Caledonia, Boone County, Illinois

When examining property taxes in Caledonia, IL, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Boone County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Boone County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Caledonia. For example, the median home price in Caledonia is $257,043, with tax bills ranging significantly across the county. 61011 has the highest median home price at $257,043.

Property Tax Assessment Values Across Caledonia, Boone County, Illinois

Source: Ownwell

$148,732

$234,346

$319,959

Median Caledonia Market Value

$257,043

Median Boone County Market Value

$166,186

Median Illinois Market Value

$194,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Caledonia, Boone County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
61011	$119,215	$175,665	$257,043	$378,891	$495,620

Source: Ownwell

Property Tax Bills Across Caledonia, Boone County, Illinois

In Caledonia, Boone County, 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 Caledonia is $257,043. Homeowners in this area face a median property tax bill that can vary significantly, ranging from the 25th percentile at $4,322 to the 90th percentile at $13,573. This variation in tax bills can impact household budgets, with some homeowners paying more than five times the national median property tax bill of $2,400. Factors such as local tax rates, school funding, and municipal services contribute to these costs. Ownwell assists homeowners in reducing their property tax bills by providing expert property tax appeal and exemption services. By analyzing individual property assessments and identifying potential discrepancies, Ownwell helps ensure homeowners are not overpaying. This personalized approach can lead to substantial savings, making property ownership more affordable in Caledonia.

Property Tax Bills Across Caledonia, Boone County, Illinois

Source: Ownwell

$3,764

$6,003

$8,242

Median Caledonia Tax Bill

$6,689

Median Boone County Tax Bill

$4,339

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Caledonia, Boone County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
61011	$2,797	$4,322	$6,689	$10,088	$13,573

Source: Ownwell