Elizabeth, Jo Daviess County, Illinois Property Taxes

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

Median Elizabeth, IL effective property tax rate: 2.58%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Elizabeth, IL home value: $91,230
Median annual Elizabeth, IL tax bill: $2,335, $65 lower than the national median property tax bill of $2,400.

How are property taxes in Jo Daviess calculated?

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

Last Updated March 1, 2025

Elizabeth, Jo Daviess County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.58%

Estimate Property Tax Bill

$2,354

$2,184

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

Property Tax Rates Across Elizabeth, Jo Daviess County, Illinois

Local government entities set tax rates, which can vary widely within a state. Why? Because 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 Elizabeth’s effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S. Elizabeth in Jo Daviess County stands out with a notably higher property tax rate compared to the national median. Homeowners in Elizabeth are subject to a property tax rate significantly above the national average. This means that residents in this area pay more in property taxes relative to the assessed value of their homes than the typical U.S. homeowner. Understanding these rates can help property owners make informed decisions about property investments and financial planning.

Property Tax Rates Across Elizabeth, Jo Daviess County, Illinois

Source: Ownwell

2.26%

2.70%

3.13%

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 Elizabeth Tax Rate

2.58%

Median Effective Jo Daviess County Tax Rate

2.30%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Elizabeth, Jo Daviess County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
61028	2.00%	2.44%	2.58%	2.58%	10.00%

Source: Ownwell

Property Tax Assessment Values Across Elizabeth, Jo Daviess County, Illinois

When examining property taxes in Elizabeth, 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 Jo Daviess 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 Jo Daviess County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Elizabeth. For example, the median home price in Elizabeth is $91,230, with tax bills ranging significantly across the county. Zip code 61028 has the highest median home price at $91,230.

Property Tax Assessment Values Across Elizabeth, Jo Daviess County, Illinois

Source: Ownwell

$20,675

$109,240

$197,804

Median Elizabeth Market Value

$91,230

Median Jo Daviess County Market Value

$98,005

Median Illinois Market Value

$194,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Elizabeth, Jo Daviess County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
61028	$16,167	$27,078	$91,230	$127,453	$193,602

Source: Ownwell

Property Tax Bills Across Elizabeth, Jo Daviess County, Illinois

In Elizabeth, IL, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor. This value is a percentage of the property's market value. Homeowners in Elizabeth face a median property tax bill of $2,335 annually, which is slightly below the national median of $2,400. However, tax bills can vary significantly, with some homeowners paying as little as $1,265 while others pay up to $5,001, depending on their property's assessed value and applicable tax rates.

These taxes fund essential local services such as schools, public safety, and infrastructure. High property taxes can strain homeowners, making it crucial to ensure the accuracy of assessments. This is where Ownwell comes in. By offering property tax appeal and exemption services, Ownwell helps homeowners in Elizabeth potentially reduce their tax bills. Our experts analyze your property's assessment, identify discrepancies, and work to secure the most favorable outcome, ensuring you only pay your fair share.

Property Tax Bills Across Elizabeth, Jo Daviess County, Illinois

Source: Ownwell

$540

$2,610

$4,680

Median Elizabeth Tax Bill

$2,335

Median Jo Daviess County Tax Bill

$2,492

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Elizabeth, Jo Daviess County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
61028	$546	$1,265	$2,335	$4,549	$5,001

Source: Ownwell