Watson, Effingham County, Illinois Property Taxes

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

Median Watson, IL effective property tax rate: 1.49%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Watson, IL home value: $161,520
Median annual Watson, IL tax bill: $1,924, $476 lower than the national median property tax bill of $2,400.

How are property taxes in Effingham calculated?

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

Last Updated March 1, 2025

Watson, Effingham County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.49%

Estimate Property Tax Bill

$2,407

$2,233

Ownwell’s Watson Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Watson with just two data points. By entering your property's estimated assessed value, our calculator applies Watson’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 Effingham County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Watson, Effingham County, Illinois

Local government entities in Illinois set tax rates, which can vary widely within the state. Each year, counties like Effingham estimate their required budget to provide services and divide that by the total value of all taxable property within their 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 Watson, located in Effingham County, the effective property tax rate is 1.49%. This rate is notably higher than the national median property tax rate of 1.02%. However, it aligns with Illinois's own median tax rate, which also stands at 1.49%. When comparing Watson's rate to other cities across Illinois, it reflects the state's consistent approach to property tax assessments. This uniformity underscores the importance of understanding how local and state tax regulations can impact property owners. By being informed, property owners in Watson and similar areas can better navigate their financial responsibilities and explore potential avenues for tax appeals or exemptions.

Property Tax Rates Across Watson, Effingham County, Illinois

Source: Ownwell

1.46%

1.62%

1.79%

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 Watson Tax Rate

1.49%

Median Effective Effingham County Tax Rate

1.69%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Watson, Effingham County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62473	0.23%	1.13%	1.49%	1.61%	1.93%

Source: Ownwell

Property Tax Assessment Values Across Watson, Effingham County, Illinois

When examining property taxes in Watson, 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 Effingham 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. Assessment notices: Effingham 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 Watson. For example, the median home price in Watson is $161,520, with tax bills ranging significantly across the county. 62473 has the highest median home price at $161,520.

Property Tax Assessment Values Across Watson, Effingham County, Illinois

Source: Ownwell

$80,100

$142,005

$203,910

Median Watson Market Value

$161,520

Median Effingham County Market Value

$155,790

Median Illinois Market Value

$194,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Watson, Effingham County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62473	$55,716	$91,170	$161,520	$219,885	$275,910

Source: Ownwell

Property Tax Bills Across Watson, Effingham County, Illinois

In Watson, located in Effingham 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 annual tax bill. Factors such as local government budgets, school funding, and public services influence the tax rate, impacting the final amount homeowners are required to pay. With a median home price of $161,520, Watson homeowners might find their tax bills varying significantly. For instance, the tax bill at the 25th percentile is $909, while at the 90th percentile, it reaches $4,177. This variation can place a financial strain on homeowners, especially with the national median property tax bill being $2,400. Ownwell offers expertise in property tax appeals, helping homeowners potentially reduce their tax bills by ensuring their property is accurately assessed. By leveraging local knowledge and experience, Ownwell can assist in identifying discrepancies and advocating for fairer property tax evaluations, leading to potential savings.

Property Tax Bills Across Watson, Effingham County, Illinois

Source: Ownwell

$1,221

$2,065

$2,908

Median Watson Tax Bill

$1,924

Median Effingham County Tax Bill

$2,476

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Watson, Effingham County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62473	$170	$909	$1,924	$3,008	$4,177

Source: Ownwell