Wapella, De Witt County, Illinois Property Taxes
Median Wapella, IL effective property tax rate: 1.96%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Wapella, IL home value: $178,686
Median annual Wapella, IL tax bill: $4,185, $1,785 higher than the national median property tax bill of $2,400.
How are property taxes in De Witt calculated?
Property taxes in Wapella, 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 Wapella’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Wapella, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Wapella, De Witt County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.96%
Estimate Property Tax Bill
$3,502
$3,250
Property Tax Rates Across Wapella, De Witt County, Illinois
Local government entities are responsible for setting tax rates, and these can vary widely within Illinois. Each year, counties estimate their required budget to provide essential services and divide that by the total value of all taxable property in their jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is essentially the annual process.
In Wapella, located in De Witt County, the effective property tax rate stands at 1.96%. This is significantly higher than the national median property tax rate of 1.02%. Compared to other areas within Illinois, Wapella's rate is among the highest, reflecting the local government's budgetary needs and property values. The median property tax bill in the U.S. is $2,400, and understanding how Wapella compares can provide insights into the local tax landscape. Property owners in Wapella should be aware of these rates and consider appealing if they believe their property's assessed value does not accurately reflect its market value.
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 Wapella Tax Rate
1.96%
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 Wapella, De Witt County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61777 | 1.56% | 1.78% | 1.96% | 2.52% | 4.55% |
Source: Ownwell
Property Tax Assessment Values Across Wapella, De Witt County, Illinois
When examining property taxes in Wapella, 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 April. 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 Wapella.
For example, the median home price in Wapella is $178,686, with tax bills ranging significantly across the county. Zip code 61777 has the highest median home price at $178,686.
Property Tax Assessment Values Across Wapella, De Witt County, Illinois
Source: Ownwell
$99,259
$142,705
$186,151
Median Wapella Market Value
$178,686
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 Wapella, De Witt County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61777 | $55,022 | $94,322 | $178,686 | $275,578 | $418,623 |
Source: Ownwell
Property Tax Bills Across Wapella, De Witt County, Illinois
In Wapella, located in De Witt County, IL, property tax bills are determined by assessing the market value of a home and applying the local tax rate. Homeowners in Wapella face property tax bills that can vary significantly. The tax bill at the 25th percentile is $2,368, while at the 75th percentile, it rises to $5,896, and at the 90th percentile, it reaches $8,490. The median home price in this area is $178,686. Compared to the national median property tax rate of 1.02% and a median tax bill of $2,400, Wapella's property tax bills can be quite substantial, especially at the higher percentiles. This can place a financial burden on homeowners.
Ownwell can assist homeowners in Wapella by providing property tax appeal and exemption services, potentially reducing their tax liabilities. By analyzing property assessments and identifying discrepancies, Ownwell helps ensure homeowners are not overpaying on their property taxes, offering peace of mind and potential savings on their annual tax bills.
Median Wapella Tax Bill
$4,185
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 Wapella, De Witt County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61777 | $1,020 | $2,368 | $4,185 | $5,896 | $8,490 |
Source: Ownwell