Heyworth, De Witt County, Illinois Property Taxes
Median Heyworth, IL effective property tax rate: 1.98%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Heyworth, IL home value: $186,151
Median annual Heyworth, IL tax bill: $4,771, $2,371 higher than the national median property tax bill of $2,400.
How are property taxes in De Witt calculated?
Property taxes in Heyworth, 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 Heyworth’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Heyworth, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Heyworth, De Witt County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.98%
Estimate Property Tax Bill
$3,686
$3,420
Property Tax Rates Across Heyworth, De Witt County, Illinois
Local government entities in Illinois set tax rates, which can vary widely within the state. This variation stems from each county's annual process of estimating its required budget to provide services and dividing that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is the annual process in a nutshell.
In Heyworth, located in De Witt County, the effective property tax rate is 1.98%, which is notably higher than the national median of 1.02%. This places Heyworth among the higher property tax regions in the state, as both the highest and lowest median tax rates in the area sit at 1.98%. When compared to other cities in Illinois and the national average, Heyworth residents face a more substantial property tax burden. However, understanding these rates can empower homeowners to explore potential savings through property tax appeals and exemptions, ultimately reducing their annual tax bill.
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 Heyworth Tax Rate
1.98%
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 Heyworth, De Witt County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61745 | 1.53% | 1.89% | 1.98% | 2.52% | 4.84% |
Source: Ownwell
Property Tax Assessment Values Across Heyworth, De Witt County, Illinois
When examining property taxes in Heyworth, 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 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 Heyworth. For example, the median home price in Heyworth is $186,151, with tax bills ranging significantly across the county. Zip code 61745 has the highest median home price at $186,151.
Property Tax Assessment Values Across Heyworth, De Witt County, Illinois
Source: Ownwell
$99,259
$142,705
$186,151
Median Heyworth Market Value
$186,151
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 Heyworth, De Witt County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61745 | $61,325 | $100,369 | $186,151 | $310,274 | $383,474 |
Source: Ownwell
Property Tax Bills Across Heyworth, De Witt County, Illinois
In Heyworth, located in De Witt County, IL, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the final tax bill. Factors such as changes in market conditions and local government budgets can influence the assessed value and tax rate, thereby affecting the tax bill. Homeowners in Heyworth face a median property tax bill of $4,771, which is significantly higher than the national median of $2,400. This can place a considerable financial burden on homeowners.
Ownwell offers services to help homeowners in Heyworth potentially reduce their property tax bills. By providing professional property tax appeal and exemption services, Ownwell can assist in reassessing the property's value, ensuring it reflects an accurate market rate. This can lead to a reduction in the assessed value and, consequently, the tax bill. Engaging Ownwell's services can be a strategic move for homeowners looking to manage their property tax expenses effectively.
Median Heyworth Tax Bill
$4,771
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 Heyworth, De Witt County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61745 | $1,520 | $2,953 | $4,771 | $7,230 | $8,311 |
Source: Ownwell