Westfield, Clark County, Illinois Property Taxes

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

Median Westfield, IL effective property tax rate: 2.17%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Westfield, IL home value: $50,289
Median annual Westfield, IL tax bill: $1,006, $1,394 lower than the national median property tax bill of $2,400.

How are property taxes in Clark calculated?

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

Last Updated March 1, 2025

Westfield, Clark County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.17%

Estimate Property Tax Bill

$1,091

$1,013

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

Property Tax Rates Across Westfield, Clark County, Illinois

Local government entities set tax rates, which can vary widely within a state. Each year, counties estimate their budget requirements for essential services and divide this by the total value of taxable property within their jurisdiction. This calculation determines the property tax rate. While votes and legislation play roles in setting tax rates and budgets, this is the core process annually.

In Westfield, located in Clark County, Illinois, the effective property tax rate is a reflection of this process. Compared to other cities in Illinois, Westfield's rate is noteworthy. Illinois has a median property tax rate of 2.17%, which is significantly higher than the national median of 1.02%. This means homeowners in Westfield face a higher tax rate compared to the national average. The median property tax bill in Illinois also surpasses the national median of $2,400. This comparison highlights the importance for property owners to stay informed and consider appealing their property taxes to ensure they are not overpaying. Understanding these nuances can help residents better manage their property tax obligations and potentially save money.

Property Tax Rates Across Westfield, Clark County, Illinois

Source: Ownwell

1.93%

2.20%

2.46%

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 Westfield Tax Rate

2.17%

Median Effective Clark County Tax Rate

2.09%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Westfield, Clark County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62474	0.98%	1.68%	2.17%	2.86%	2.87%

Source: Ownwell

Property Tax Assessment Values Across Westfield, Clark County, Illinois

When examining property taxes in Westfield, 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 Clark County Assessor's Office 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 Clark 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 Westfield. For example, the median home price in Westfield is $50,289, with tax bills ranging significantly across the county. 62474 has the highest median home price at $50,289.

Property Tax Assessment Values Across Westfield, Clark County, Illinois

Source: Ownwell

$46,682

$68,260

$89,838

Median Westfield Market Value

$50,289

Median Clark County Market Value

$71,601

Median Illinois Market Value

$194,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Westfield, Clark County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62474	$15,105	$29,478	$50,289	$84,658	$127,299

Source: Ownwell

Property Tax Bills Across Westfield, Clark County, Illinois

In Westfield, Illinois, property tax bills are calculated based on the assessed value of a home, which is determined as a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. Factors such as local government budgets, school district funding needs, and public services contribute to the tax rate. Homeowners in Westfield face varying tax bills, with a median tax bill of $1,006, significantly lower than the national median property tax bill of $2,400. However, some homeowners may pay up to $3,159, depending on their property's assessed value and location within the city. These tax bills can have a substantial impact on household finances, making it essential for homeowners to ensure they are not overpaying. Ownwell assists homeowners by reviewing their property assessments and identifying potential errors or opportunities for exemptions, ultimately helping to reduce their tax burden. By appealing over-assessments, homeowners can achieve significant savings on their property tax bills.

Property Tax Bills Across Westfield, Clark County, Illinois

Source: Ownwell

$866

$1,374

$1,881

Median Westfield Tax Bill

$1,006

Median Clark County Tax Bill

$1,431

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Westfield, Clark County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62474	$265	$505	$1,006	$2,098	$3,159

Source: Ownwell