Woodhull, Henry County, Illinois Property Taxes

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

Median Woodhull, IL effective property tax rate: 2.34%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Woodhull, IL home value: $106,800
Median annual Woodhull, IL tax bill: $2,340, $60 lower than the national median property tax bill of $2,400.

How are property taxes in Henry County calculated?

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

Last Updated March 1, 2025

Woodhull, Henry County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.34%

Estimate Property Tax Bill

$2,499

$2,319

Ownwell’s Woodhull Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Woodhull with just two data points. By entering your property's estimated assessed value, our calculator applies Woodhull’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 Woodhull, Henry County, Illinois

Local government entities are responsible for setting tax rates, which can vary significantly within a state. This variation is due to each county estimating its required budget annually to provide essential services. The county then divides this budget by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. Although votes and laws play a role in setting tax rates and budgets, this is the basic annual process.

Compare Woodhull’s effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S. Woodhull, located in Henry County, has a median property tax rate of 2.34%, which is significantly higher than the national median of 1.02%. This rate is also the highest in the state, highlighting the substantial tax burden on property owners in this area. Property owners in Woodhull face a median property tax bill that reflects this elevated rate, contrasting sharply with the national median property tax bill of $2,400. Understanding these differences can help property owners make informed decisions about their investments and potential savings through tax appeals or exemptions.

Property Tax Rates Across Woodhull, 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 Woodhull Tax Rate

2.34%

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 Woodhull, Henry County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
61490	1.52%	2.07%	2.34%	2.63%	2.80%

Source: Ownwell

Property Tax Assessment Values Across Woodhull, Henry County, Illinois

When examining property taxes in Woodhull, 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. Assessment notices: 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 Woodhull. For example, the median home price in Woodhull is $106,800, with tax bills ranging significantly across the county. 61490 has the highest median home price at $106,800.

Property Tax Assessment Values Across Woodhull, Henry County, Illinois

Source: Ownwell

$49,584

$147,291

$244,998

Median Woodhull Market Value

$106,800

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 Woodhull, Henry County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
61490	$42,302	$74,394	$106,800	$151,005	$207,290

Source: Ownwell

Property Tax Bills Across Woodhull, Henry County, Illinois

In Woodhull, located in Henry County, IL, property tax bills are determined by 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, resulting in the property tax bill. Homeowners in Woodhull face varying tax bills, with the 25th percentile at $1,495 and the 75th percentile at $3,542. The highest median tax bill in the area is $2,340, which is below the national median property tax bill of $2,400. These tax bills can have a significant impact on homeowners, affecting their overall housing costs and financial planning. Ownwell assists homeowners in Woodhull by providing expert property tax appeal services, helping them potentially reduce their tax bills. By analyzing property assessments and market values, Ownwell identifies opportunities for savings, ensuring homeowners pay only their fair share. This service can lead to substantial savings, alleviating the financial burden of property taxes.

Property Tax Bills Across Woodhull, Henry County, Illinois

Source: Ownwell

$1,211

$3,278

$5,345

Median Woodhull Tax Bill

$2,340

Median Henry County Tax Bill

$2,634

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Woodhull, Henry County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
61490	$755	$1,495	$2,340	$3,542	$5,206

Source: Ownwell