Waltonville, Jefferson County, Illinois Property Taxes
Median Waltonville, IL effective property tax rate: 1.71%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Waltonville, IL home value: $55,413
Median annual Waltonville, IL tax bill: $779, $1,621 lower than the national median property tax bill of $2,400.
How are property taxes in Jefferson calculated?
Property taxes in Waltonville, 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 Waltonville’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Waltonville, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Waltonville, Jefferson County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.71%
Estimate Property Tax Bill
$948
$879
Property Tax Rates Across Waltonville, Jefferson County, Illinois
Local government entities set tax rates, which can vary widely within a state. This is because each county annually 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 votes and laws play a role in setting tax rates and budgets, this is essentially the annual process.
In Waltonville, located in Jefferson County, Illinois, the effective property tax rate stands at 1.71%. This rate is notably higher than the national median property tax rate of 1.02%, highlighting the variability in property tax burdens across different regions. With Waltonville's tax rate reflecting the highest in the area, it underscores the importance for property owners to be vigilant about their assessments and consider appealing if they believe their property is over-assessed.
By understanding how property taxes are calculated and the factors influencing rates, property owners in Waltonville can make informed decisions about appealing their property taxes, potentially saving money and ensuring fair taxation.
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 Waltonville Taxx Rate
1.71%
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 Jefferson County Taxx Rate
2.20%
Median Effective Illinois Tax Rate
2.35%
Median Effective United States Tax Rate
0.99%
Property Tax Rates Across Waltonville, Jefferson County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62894 | 0.64% | 1.24% | 1.71% | 1.99% | 2.05% |
Source: Ownwell
Property Tax Assessment Values Across Waltonville, Jefferson County, Illinois
When examining property taxes in Waltonville, Illinois, 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 Jefferson 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 Jefferson 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 Waltonville.
For example, the median home price in Waltonville is $55,413, with tax bills ranging significantly across the county. 62894 has the highest median home price at $55,413.
Property Tax Assessment Values Across Waltonville, Jefferson County, Illinois
Source: Ownwell
$43,035
$75,082
$107,128
Median Waltonville Market Value
$55,413
Median Jefferson County Market Value
$61,827
Median Illinois Market Value
$194,700
Median United States Market Value
$244,900
Property Tax Assessment Values Across Waltonville, Jefferson County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62894 | $10,356 | $23,369 | $55,413 | $109,692 | $159,078 |
Source: Ownwell
Property Tax Bills Across Waltonville, Jefferson County, Illinois
Median Waltonville Tax Bill
$779
Median Jefferson County Tax Bill
$1,229
Median Illinois Tax Bill
$4,715
Median United States Tax Bill
$2,690
Property Tax Bills Across Waltonville, Jefferson County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62894 | $125 | $292 | $779 | $1,715 | $2,735 |
Source: Ownwell