Weldon, De Witt County, Illinois Property Taxes

Name: Property Tax Bills Across Weldon, De Witt County, Illinois
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Weldon, IL effective property tax rate: 2.66%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Weldon, IL home value: $99,259
Median annual Weldon, IL tax bill: $4,351, $1,951 higher than the national median property tax bill of $2,400.

How are property taxes in De Witt calculated?

Property taxes in Weldon, 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 Weldon’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Weldon, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Weldon, De Witt County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.66%

Estimate Property Tax Bill

$2,640

$2,450

Ownwell’s Weldon Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Weldon with just two data points. By entering your property's estimated assessed value, our calculator applies Weldon’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in De Witt County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Weldon, De Witt County, Illinois

Local government entities set tax rates, which can vary widely within a state. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. In Weldon, located in De Witt County, Illinois, the effective property tax rate is significantly higher than the national median of 1.02%. This high rate reflects the county's budgetary needs and the total assessed value of properties within its boundaries. When compared to other cities in Illinois, Weldon's rate is among the highest. The state's median tax rate is also above the national average, indicating a trend of higher property taxes across Illinois. Understanding these rates can help property owners in Weldon and throughout Illinois make informed decisions about property investments and tax appeals.

Property Tax Rates Across Weldon, De Witt County, Illinois

Source: Ownwell

1.89%

2.71%

3.53%

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 Weldon Tax Rate

2.66%

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 Weldon, De Witt County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
61882	2.06%	2.34%	2.66%	6.74%	11.40%

Source: Ownwell

Property Tax Assessment Values Across Weldon, De Witt County, Illinois

When examining property taxes in Weldon, 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 Weldon.

For example, the median home price in Weldon is $99,259, with tax bills ranging significantly across the county. Zip code 61882 has the highest median home price at $99,259.

Property Tax Assessment Values Across Weldon, De Witt County, Illinois

Source: Ownwell

$99,259

$142,705

$186,151

Median Weldon Market Value

$99,259

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 Weldon, De Witt County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
61882	$36,243	$66,949	$99,259	$174,395	$241,959

Source: Ownwell

Property Tax Bills Across Weldon, De Witt County, Illinois

In Weldon, 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 the assessed value to determine the tax bill. With a median home price of $99,259, homeowners in Weldon face a range of property tax bills. The 25th percentile tax bill is $1,818, while the 75th percentile reaches $7,517, and the 90th percentile climbs to $11,677. These figures highlight the variability in tax obligations, which can significantly impact homeowners' finances. Compared to the national median property tax bill of $2,400, Weldon’s tax bills can be considerably higher. Ownwell offers valuable assistance to homeowners by providing property tax appeal and exemption services, aiming to reduce these financial burdens. By analyzing property assessments and identifying discrepancies, Ownwell can help homeowners potentially lower their tax bills, ensuring they only pay what is fair and accurate.

Property Tax Bills Across Weldon, De Witt County, Illinois

Source: Ownwell

$3,183

$4,303

$5,423

Median Weldon Tax Bill

$4,351

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 Weldon, De Witt County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
61882	$1,170	$1,818	$4,351	$7,517	$11,677

Source: Ownwell