New Windsor, Henry County, Illinois Property Taxes

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

Median New Windsor, IL effective property tax rate: 2.43%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median New Windsor, IL home value: $173,684
Median annual New Windsor, IL tax bill: $4,186, $1,786 higher than the national median property tax bill of $2,400.

How are property taxes in Henry calculated?

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

Last Updated March 1, 2025

New Windsor, Henry County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.43%

Estimate Property Tax Bill

$4,221

$3,917

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

Property Tax Rates Across New Windsor, Henry 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. Below, you can compare New Windsor’s effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S. New Windsor, located in Henry County, has an effective property tax rate of 2.43%, which is significantly higher than the national median of 1.02%. This rate reflects the county's need to meet its budgetary requirements through property taxes. Homeowners in New Windsor, therefore, face a higher tax bill compared to the national median of $2,400. Understanding these local variations can help homeowners navigate their property tax responsibilities effectively.

Property Tax Rates Across New Windsor, Henry County, Illinois

Source: Ownwell

1.96%

2.25%

2.55%

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 New Windsor Tax Rate

2.43%

Median Effective Henry County Tax Rate

2.38%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across New Windsor, Henry County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
61465	2.05%	2.25%	2.43%	2.66%	2.66%

Source: Ownwell

Property Tax Assessment Values Across New Windsor, Henry County, Illinois

When examining property taxes in New Windsor, 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 Henry 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 Henry 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 New Windsor.

For example, the median home price in New Windsor is $173,684, with tax bills ranging significantly across the county. Zip code 61465 has the highest median home price at $173,684.

Property Tax Assessment Values Across New Windsor, Henry County, Illinois

Source: Ownwell

$49,584

$147,291

$244,998

Median New Windsor Market Value

$173,684

Median Henry County Market Value

$112,041

Median Illinois Market Value

$194,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across New Windsor, Henry County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
61465	$73,071	$130,284	$173,684	$228,479	$318,888

Source: Ownwell

Property Tax Bills Across New Windsor, Henry County, Illinois

In New Windsor, Illinois, property tax bills are determined by assessing the market value of a home and applying the local tax rate. With a median home price of $173,684, homeowners in New Windsor face a median property tax bill that significantly surpasses the national median of $2,400. The tax bill can vary widely, with the 25th percentile at $3,050 and the 75th percentile reaching up to $5,029. For those at the 90th percentile, the bill can soar to $8,226. These figures reflect the region's higher property tax burden compared to the national average. The assessed value and tax rate directly impact homeowners, influencing their annual financial commitments. Ownwell offers a solution by providing expert property tax appeal and exemption services. By analyzing individual property assessments and identifying potential errors or opportunities for exemptions, Ownwell can help homeowners in New Windsor reduce their property tax bills, potentially saving them a substantial amount each year.

Property Tax Bills Across New Windsor, Henry County, Illinois

Source: Ownwell

$1,211

$3,278

$5,345

Median New Windsor Tax Bill

$4,186

Median Henry County Tax Bill

$2,634

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across New Windsor, Henry County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
61465	$1,501	$3,050	$4,186	$5,029	$8,226

Source: Ownwell