Woodlawn, Jefferson County, Illinois Property Taxes

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

Median Woodlawn, IL effective property tax rate: 1.94%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Woodlawn, IL home value: $79,762
Median annual Woodlawn, IL tax bill: $1,434, $966 lower than the national median property tax bill of $2,400.

How are property taxes in Jefferson calculated?

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

Last Updated March 1, 2025

Woodlawn, Jefferson County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.94%

Estimate Property Tax Bill

$1,547

$1,436

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

Property Tax Rates Across Woodlawn, Jefferson County, Illinois

Local government entities determine tax rates, which can significantly vary within a state. This variation occurs because annually, each county estimates its required budget to provide essential services. This budget is then divided by the total value of all taxable property within the jurisdiction, resulting in the property tax rate. Although setting tax rates and budgets involves votes and laws, this is essentially the annual procedure.

In Woodlawn, located in Jefferson County, Illinois, the effective property tax rate is a reflection of this process. When compared to other cities in Illinois, Woodlawn's tax rate aligns with the state's median property tax rate. However, it is notably higher than the national median property tax rate of 1.02%. Understanding how these rates are determined can help property owners in Woodlawn and across Illinois navigate their property tax responsibilities more effectively. By staying informed, residents can ensure they are only paying what is necessary and can explore potential opportunities for appeals or exemptions.

Property Tax Rates Across Woodlawn, Jefferson County, Illinois

Source: Ownwell

1.71%

2.05%

2.38%

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 Woodlawn Taxx Rate

1.94%

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 Woodlawn, Jefferson County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62898	0.67%	1.54%	1.94%	2.28%	2.33%

Source: Ownwell

Property Tax Assessment Values Across Woodlawn, Jefferson County, Illinois

When examining property taxes in Woodlawn, 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 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 Woodlawn.

For example, the median home price in Woodlawn is $79,762, with tax bills ranging significantly across the county. Zip code 62898 has the highest median home price at $79,762.

Property Tax Assessment Values Across Woodlawn, Jefferson County, Illinois

Source: Ownwell

$43,035

$75,082

$107,128

Median Woodlawn Market Value

$79,762

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 Woodlawn, Jefferson County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62898	$14,166	$34,220	$79,762	$134,834	$186,661

Source: Ownwell

Property Tax Bills Across Woodlawn, Jefferson County, Illinois

In Woodlawn, Jefferson County, IL, property tax bills are calculated based on the assessed value of a home. The local tax rate is applied to this assessed value to determine the tax bill. With a median home price of $79,762, the property tax bill can vary significantly across different percentiles. For instance, the 25th percentile tax bill is $465, while the 75th percentile reaches $2,550, and the 90th percentile is $3,751. This variation indicates that homeowners with higher-valued properties pay more in taxes. Compared to the national median property tax bill of $2,400, Woodlawn's property taxes can be both lower and higher depending on the specific percentile. Ownwell assists homeowners by providing property tax appeal and exemption services, potentially lowering their tax bills. By reviewing assessments and identifying discrepancies, Ownwell helps ensure homeowners are not overpaying, offering a chance to save significantly on property taxes. This service can be especially beneficial for those in higher tax brackets, ensuring fair taxation based on accurate property values.

Property Tax Bills Across Woodlawn, Jefferson County, Illinois

Source: Ownwell

$630

$1,154

$1,678

Median Woodlawn Tax Bill

$1,434

Median Jefferson County Tax Bill

$1,229

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,690

Property Tax Bills Across Woodlawn, Jefferson County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62898	$169	$465	$1,434	$2,550	$3,751

Source: Ownwell