De Witt County Property Taxes
The median property tax rate in De Witt County is 2.10%, which is significantly higher than both the national median of 0.99% and the Illinois state median of 2.35%. With the median home value in De Witt County at $142,472, the typical annual property tax bill reaches $3,614, which exceeds the national median of $2,690. Property taxes in De Witt County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding De Witt County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Clinton or another part of De Witt County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
De Witt 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 De Witt Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in De Witt with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in De Witt 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 De Witt County, Illinois
Property taxes in De Witt County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in De Witt County is 2.10%, which is higher than both the Illinois state median and the U.S. national median of 0.99%. Local government entities within De Witt County set these rates annually, and they can vary significantly between different areas within the county. Each year, De Witt 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 Beason has one of the higher property tax rates in Illinois at 6.00%, while the city of Clinton boasts one of the lowest at 1.89%. Analyzing how De Witt County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average De Witt County Tax Rate
2.10%
Average Illinois Tax Rate
2.35%
Average United States Tax Rate
0.99%
Property Tax Rates Across De Witt County, Illinois
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Beason | 2.70% | 3.94% | 6.00% | 9.56% | 11.69% |
| Clinton | 1.53% | 1.71% | 1.89% | 2.71% | 3.58% |
| Dewitt | 1.75% | 1.79% | 1.97% | 2.32% | 2.81% |
| Farmer City | 1.93% | 2.29% | 2.51% | 3.22% | 5.94% |
| Heyworth | 1.53% | 1.89% | 1.98% | 2.52% | 4.84% |
| Kenney | 1.82% | 1.96% | 2.25% | 3.90% | 7.59% |
| Lane | 1.95% | 1.95% | 1.95% | 1.95% | 1.95% |
| Le Roy | 2.43% | 2.54% | 3.81% | 10.40% | 13.86% |
| Maroa | 1.75% | 1.88% | 2.10% | 2.99% | 6.12% |
| Mc Lean | 2.12% | 2.67% | 3.53% | 5.63% | 10.11% |
| Wapella | 1.56% | 1.78% | 1.96% | 2.52% | 4.55% |
| Waynesville | 1.71% | 2.02% | 2.51% | 3.25% | 8.59% |
| Weldon | 2.06% | 2.34% | 2.66% | 6.74% | 11.40% |
Source: Ownwell
Property Tax Assessment Values Across De Witt County, Illinois
In De Witt County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. 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 De Witt County 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 De Witt County 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. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. For instance, the highest median tax bill in the county is $6,456 in Beason, whereas the lowest median tax bill is $1,078 in Lane. Being aware of these valuation processes in De Witt County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across De Witt County, Illinois
Source: Ownwell
$32,976
$109,564
$186,151
Average De Witt County Assessed Value
$142,472
Average Illinois Assessed Value
$194,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across De Witt County, Illinois
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Beason | $94,426 | $99,337 | $107,522 | $107,860 | $108,062 |
| Clinton | $53,454 | $98,696 | $145,538 | $241,157 | $332,871 |
| Dewitt | $60,743 | $124,650 | $180,423 | $239,504 | $258,352 |
| Farmer City | $43,186 | $62,971 | $120,537 | $213,314 | $268,959 |
| Heyworth | $61,325 | $100,369 | $186,151 | $310,274 | $383,474 |
| Kenney | $65,424 | $89,499 | $119,019 | $169,994 | $282,301 |
| Lane | $15,130 | $21,823 | $32,976 | $44,130 | $50,822 |
| Le Roy | $57,530 | $67,405 | $104,892 | $137,995 | $212,892 |
| Maroa | $96,604 | $124,315 | $170,920 | $223,885 | $309,702 |
| Mc Lean | $57,693 | $93,753 | $116,582 | $185,074 | $307,068 |
| Wapella | $55,022 | $94,322 | $178,686 | $275,578 | $418,623 |
| Waynesville | $55,920 | $84,557 | $133,459 | $198,692 | $286,664 |
| Weldon | $36,243 | $66,949 | $99,259 | $174,395 | $241,959 |
Source: Ownwell
Property Tax Bills Across De Witt County, Illinois
In De Witt County, IL, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. Homeowners face varying tax bills, influenced by factors such as the local tax rate and the specific value of their property. For instance, the median home price in De Witt County is $142,472. Tax bills in this area can range significantly, with the 25th percentile at $2,070 and the 75th percentile reaching up to $5,761. Some homeowners, particularly those with higher-valued properties, may see tax bills as high as $8,075 at the 90th percentile. The highest median tax bill in De Witt County is found in Beason, at $6,456, while Lane has the lowest median tax bill at $1,078. These figures highlight the disparity in tax burdens within the county, reflecting differences in property values and local tax rates. Overall, property taxes in De Witt County can significantly impact homeowners, with tax rates and property values playing a crucial role in determining the final bill.
Average De Witt County Tax Bill
$3,614
Average Illinois Tax Bill
$4,715
Average United States Tax Bill
$2,690
Property Tax Bills Across De Witt County, Illinois
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Beason | $2,912 | $4,241 | $6,456 | $9,204 | $10,853 |
| Clinton | $1,161 | $1,997 | $3,183 | $5,002 | $6,950 |
| Dewitt | $1,315 | $2,538 | $3,685 | $5,389 | $5,899 |
| Farmer City | $1,159 | $1,796 | $3,578 | $6,303 | $7,694 |
| Heyworth | $1,520 | $2,953 | $4,771 | $7,230 | $8,311 |
| Kenney | $1,622 | $2,215 | $3,397 | $6,262 | $9,182 |
| Lane | $1,078 | $1,078 | $1,078 | $1,078 | $1,078 |
| Le Roy | $3,075 | $3,183 | $5,522 | $8,109 | $9,292 |
| Maroa | $2,210 | $2,899 | $4,168 | $5,928 | $9,324 |
| Mc Lean | $2,507 | $2,987 | $5,423 | $6,933 | $10,573 |
| Wapella | $1,020 | $2,368 | $4,185 | $5,896 | $8,490 |
| Waynesville | $1,540 | $2,334 | $3,996 | $6,010 | $8,134 |
| Weldon | $1,170 | $1,818 | $4,351 | $7,517 | $11,677 |
Source: Ownwell