West York, Illinois Property Taxes
The median property tax rate in West York, IL is 2.26%, considerably higher than both the national median of 0.99% and the Illinois state median of 2.35%. With the median home value in West York at $133,794, the typical annual property tax bill reaches $2,539, just below the national median of $2,690. Property taxes in West York are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding West York'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 West York 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
West York, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.26%
Estimate Property Tax Bill
$3,024
$2,955
Ownwell’s West York Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in West York with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in West York to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by Crawford County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across West York, Illinois
Property taxes in West York, Illinois, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in West York is 2.26%, significantly higher than both the Illinois state median and the U.S. national median of 0.99%. Local government entities within West York set these rates annually, and they can vary significantly across different neighborhoods. Each year, West York 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 West York's effective property tax rate to other areas in Illinois and the national median. For comparison, the 62478 zip code has the highest median property tax rate of 2.26%, while the same zip code also has the lowest median tax rate of 2.26%. Understanding how these areas compare with West York provides valuable insights into the varying tax landscape across Crawford County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average West York Tax Rate
2.26%
Average Crawford County Tax Rate
2.38%
Average Illinois Tax Rate
2.35%
Average United States Tax Rate
0.99%
Property Tax Rates Across West York, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62478 | 1.02% | 1.71% | 2.26% | 2.46% | 3.19% |
Source: Ownwell
Property Tax Assessment Values Across West York, Illinois
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in West York, Illinois. 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 Crawford 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 West York, 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 West York helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 62478 has the highest and lowest median tax bill at $2,539.
Average West York Assessed Value
$133,794
Average Crawford County Assessed Value
$84,633
Average Illinois Assessed Value
$194,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across West York, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62478 | $50,067 | $73,838 | $133,794 | $193,190 | $287,552 |
Source: Ownwell
Property Tax Bills Across West York, Illinois
Property tax bills in West York, Crawford County, Illinois, are determined based on the assessed value of a property and the local tax rate. The assessed value is typically a percentage of the property's market value, which is then multiplied by the local tax rate to calculate the tax bill. Various factors such as property size, location, and condition influence the assessed value. For homeowners in West York, the median home price is $133,794, with property tax bills ranging significantly. The 25th percentile tax bill is around $1,007, while the 75th percentile reaches up to $4,859. At the 90th percentile, homeowners might pay as much as $5,845. These figures indicate a broad range of property tax obligations, reflecting the diversity in property values and assessments within the area. Comparatively, the national median property tax rate is 0.99%, which provides a benchmark for understanding local rates. Homeowners in West York should be aware of these factors as they directly impact their annual financial commitments.
Average West York Tax Bill
$2,539
Average Crawford County Tax Bill
$1,940
Average Illinois Tax Bill
$4,715
Average United States Tax Bill
$2,690
Property Tax Bills Across West York, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62478 | $775 | $1,007 | $2,539 | $4,859 | $5,845 |
Source: Ownwell