Chadwick, Carroll County, Illinois Property Taxes

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

Median Chadwick, IL effective property tax rate: 2.60%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Chadwick, IL home value: $82,540
Median annual Chadwick, IL tax bill: $2,179, $221 lower than the national median property tax bill of $2,400.

How are property taxes in Carroll calculated?

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

Last Updated March 1, 2025

Chadwick, Carroll County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.6%

Estimate Property Tax Bill

$2,146

$1,991

Ownwell’s Chadwick Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Chadwick with just two data points. By entering your property's estimated assessed value, our calculator applies Chadwick’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 Carroll County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Chadwick, Carroll County, Illinois

Local government entities determine tax rates, and these can vary significantly across different regions. Each county calculates its budgetary needs annually to fund services and divides this amount by the total value of all taxable property within its boundaries, determining the property tax rate. This process involves votes and legislation, but essentially, it follows this annual routine. In Chadwick, located in Carroll County, Illinois, the effective property tax rate aligns with the county's median rate of 2.60%, which is notably higher than the national median of 1.02%. This disparity highlights the variation in tax rates even within a single state. Residents in Chadwick face a property tax bill that is likely more than double the national median bill of $2,400. This comparison underscores the importance of understanding local tax policies and how they can impact property owners. By exploring these differences, property owners can better navigate the complexities of property taxation and potentially identify opportunities for appeals or exemptions.

Property Tax Rates Across Chadwick, Carroll County, Illinois

Source: Ownwell

1.96%

2.36%

2.76%

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 Chadwick Tax Rate

2.60%

Median Effective Carroll County Tax Rate

2.34%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Chadwick, Carroll County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
61014	1.61%	2.16%	2.60%	3.13%	3.64%

Source: Ownwell

Property Tax Assessment Values Across Chadwick, Carroll County, Illinois

When examining property taxes in Chadwick, 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 Carroll 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 Carroll County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Chadwick.

For example, the median home price in Chadwick is $82,540, with tax bills ranging significantly across the county. Zip code 61014 has the highest median home price at $82,540.

Property Tax Assessment Values Across Chadwick, Carroll County, Illinois

Source: Ownwell

$54,285

$121,495

$188,704

Median Chadwick Market Value

$82,540

Median Carroll County Market Value

$86,910

Median Illinois Market Value

$194,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Chadwick, Carroll County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
61014	$39,516	$59,438	$82,540	$120,868	$177,372

Source: Ownwell

Property Tax Bills Across Chadwick, Carroll County, Illinois

In Chadwick, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. Homeowners in Carroll County typically experience property tax bills that range from $1,285 at the 25th percentile to $5,731 at the 90th percentile. The median home price in the area is $82,540, which gives an idea of the potential tax obligations homeowners may face. With a median property tax bill of $2,179, Chadwick's rate is slightly below the national median bill of $2,400. This can be a significant financial consideration for homeowners, impacting their overall cost of living and financial planning. Ownwell can assist homeowners by providing expert property tax appeal and exemption services. By ensuring that property assessments are fair and accurate, Ownwell helps homeowners potentially lower their tax bills, providing financial relief and contributing to long-term savings.

Property Tax Bills Across Chadwick, Carroll County, Illinois

Source: Ownwell

$1,472

$2,673

$3,873

Median Chadwick Tax Bill

$2,179

Median Carroll County Tax Bill

$2,178

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Chadwick, Carroll County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
61014	$776	$1,285	$2,179	$3,477	$5,731

Source: Ownwell