Dewitt, De Witt County, Illinois Property Taxes
Median DeWitt, IL effective property tax rate: 1.97%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median DeWitt, IL home value: $180,423
Median annual DeWitt, IL tax bill: $3,685, $1,285 higher than the national median property tax bill of $2,400.
How are property taxes in De Witt calculated?
Property taxes in DeWitt, 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 DeWitt’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in DeWitt, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Dewitt, De Witt County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.97%
Estimate Property Tax Bill
$3,554
$3,298
Property Tax Rates Across Dewitt, De Witt County, Illinois
Local government entities set property tax rates, which can differ significantly within a state. This is due to each county's annual process of estimating its budget to provide essential services and dividing that by the total value of all taxable properties within its jurisdiction. This calculation determines the property tax rate. Although votes and laws play a role in setting these rates and budgets, this is the basic annual procedure.
Below, you can compare Dewitt's effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S. Dewitt County stands out with a median property tax rate of 1.97%, which is notably higher than the national median of 1.02%. This means property owners in Dewitt may face higher tax bills compared to the national average. Understanding these differences can help property owners in Dewitt make informed decisions about their property taxes and explore potential appeal and exemption opportunities.
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 Dewitt Tax Rate
1.97%
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 De Witt County Tax Rate
2.10%
Median Effective Illinois Tax Rate
2.35%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Dewitt, De Witt County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61735 | 1.75% | 1.79% | 1.97% | 2.32% | 2.81% |
Source: Ownwell
Property Tax Assessment Values Across Dewitt, De Witt County, Illinois
When examining property taxes in De Witt, 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 De Witt 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 De Witt County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. 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 De Witt.
For example, the median home price in De Witt is $180,423, with tax bills ranging significantly across the county. Zip code 61735 has the highest median home price at $180,423.
Property Tax Assessment Values Across Dewitt, De Witt County, Illinois
Source: Ownwell
$99,259
$142,705
$186,151
Median Dewitt Market Value
$180,423
Median De Witt County Market Value
$142,472
Median Illinois Market Value
$194,700
Median United States Market Value
$235,294
Property Tax Assessment Values Across Dewitt, De Witt County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61735 | $60,743 | $124,650 | $180,423 | $239,504 | $258,352 |
Source: Ownwell
Property Tax Bills Across Dewitt, De Witt County, Illinois
In DeWitt, IL, property tax bills are determined by assessing the property's market value and applying the local tax rate. The median home price in DeWitt is $180,423, and property taxes are calculated based on this assessed value. The local tax rate is applied to this value, resulting in a property tax bill. For instance, the 25th percentile tax bill is $2,538, while the 75th percentile reaches $5,389, indicating a significant range based on property value and tax rates. These figures can vary, affecting homeowners' financial planning and overall expenses.
Homeowners in DeWitt often face property tax bills higher than the national median of $2,400, which can be a substantial burden. Ownwell offers a solution by providing property tax appeal and exemption services, potentially lowering these bills. By analyzing each homeowner's property assessment, Ownwell identifies opportunities for tax reductions, helping homeowners save money. This service is crucial for those looking to manage their expenses effectively and ensure they are not overpaying on their property taxes.
Median Dewitt Tax Bill
$3,685
Median De Witt County Tax Bill
$3,614
Median Illinois Tax Bill
$4,715
Median United States Tax Bill
$2,400
Property Tax Bills Across Dewitt, De Witt County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61735 | $1,315 | $2,538 | $3,685 | $5,389 | $5,899 |
Source: Ownwell