Wellington, Iroquois County, Illinois Property Taxes

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

Median Wellington, IL effective property tax rate: 2.81%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Wellington, IL home value: $100,734
Median annual Wellington, IL tax bill: $2,646, $246 higher than the national median property tax bill of $2,400.

How are property taxes in Iroquois calculated?

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

Last Updated March 1, 2025

Wellington, Iroquois County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.81%

Estimate Property Tax Bill

$2,831

$2,627

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

Property Tax Rates Across Wellington, Iroquois County, Illinois

Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting 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 Wellington, located in Iroquois County, Illinois, the effective property tax rate is notably higher than the national median. The local tax rate stands at 2.81%, which is significantly above the national median property tax rate of 1.02%. This means that residents of Wellington face a higher property tax burden compared to many other areas across the country. The higher tax rate can impact homeowners' overall expenses, making it essential for property owners to explore potential savings through property tax appeals and exemptions. Comparing Wellington’s property tax rate to other cities in Illinois and the national median highlights the importance of understanding local tax obligations and seeking professional assistance if needed.

Property Tax Rates Across Wellington, Iroquois County, Illinois

Source: Ownwell

2.29%

2.65%

3.01%

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 Wellington Taxx Rate

2.81%

Median Effective Iroquois County Taxx Rate

2.59%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

0.99%

Property Tax Rates Across Wellington, Iroquois County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
60973	1.66%	2.20%	2.81%	3.24%	3.61%

Source: Ownwell

Property Tax Assessment Values Across Wellington, Iroquois County, Illinois

When examining property taxes in Wellington, 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 Iroquois 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 Iroquois 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 Wellington.

For example, the median home price in Wellington is $100,734, with tax bills ranging significantly across the county. Zip code 60973 has the highest median home price at $100,734.

Property Tax Assessment Values Across Wellington, Iroquois County, Illinois

Source: Ownwell

$79,238

$114,214

$149,190

Median Wellington Market Value

$100,734

Median Iroquois County Market Value

$114,710

Median Illinois Market Value

$194,700

Median United States Market Value

$244,900

Property Tax Assessment Values Across Wellington, Iroquois County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
60973	$31,645	$54,210	$100,734	$145,401	$203,757

Source: Ownwell

Property Tax Bills Across Wellington, Iroquois County, Illinois

In Wellington, located in Iroquois County, IL, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. The median home price in this area is $100,734, leading to a typical tax bill around $2,646, which aligns with the national average of $2,400. However, tax bills can vary significantly, with the 25th percentile at $1,601 and the 90th percentile reaching $6,974. These variations are influenced by factors such as property size, location, and any applicable exemptions. High property taxes can significantly impact homeowners, increasing the cost of homeownership. Ownwell assists homeowners in Wellington by providing expert property tax appeal and exemption services. By analyzing individual property assessments and identifying potential savings, Ownwell helps clients reduce their tax burden, ensuring they only pay their fair share. This service can result in substantial savings, offering financial relief to homeowners.

Property Tax Bills Across Wellington, Iroquois County, Illinois

Source: Ownwell

$2,117

$3,220

$4,322

Median Wellington Tax Bill

$2,646

Median Iroquois County Tax Bill

$3,017

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,690

Property Tax Bills Across Wellington, Iroquois County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
60973	$1,091	$1,601	$2,646	$4,817	$6,974

Source: Ownwell