Dahinda, Knox County, Illinois Property Taxes

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

Median Dahinda, IL effective property tax rate: 2.52%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%. Median Dahinda, IL home value: $264,660. Median annual Dahinda, IL tax bill: $6,137, $3,737 higher than the national median property tax bill of $2,400.

How are property taxes in Knox County calculated?

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

Last Updated March 1, 2025

Dahinda, Knox County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.52%

Estimate Property Tax Bill

$6,669

$6,189

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

Property Tax Rates Across Dahinda, Knox County, Illinois

Local government entities set tax rates, which can vary widely within a state. Annually, each county estimates its 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. Dahinda in Knox County, IL, has an effective property tax rate of 2.52%, which is notably higher than the national median of 1.02%. This means property owners in Dahinda are paying significantly more than the national average. In fact, Dahinda's rate is among the highest in the state, with Knox County's median tax rate also standing at 2.52%. This is more than double the national median property tax rate. Property owners in Dahinda and Knox County face a considerable tax burden compared to other regions. Understanding these rates can help property owners make informed decisions about appeals and exemptions to potentially reduce their property tax bills.

Property Tax Rates Across Dahinda, Knox County, Illinois

Source: Ownwell

0.27%

1.39%

2.52%

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 Dahinda Taxx Rate

2.52%

Median Effective Knox County Taxx Rate

2.31%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

0.99%

Property Tax Rates Across Dahinda, Knox County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
61428	1.68%	2.25%	2.52%	2.68%	2.68%

Source: Ownwell

Property Tax Assessment Values Across Dahinda, Knox County, Illinois

When examining property taxes in Dahinda, 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 Knox County Assessor 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 Knox 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 Dahinda. For example, the median home price in Dahinda is $264,660, with tax bills ranging significantly across the county. Zip code 61428 has the highest median home price at $264,660.

Property Tax Assessment Values Across Dahinda, Knox County, Illinois

Source: Ownwell

$41,790

$1,323,092

$2,604,393

Median Dahinda Market Value

$264,660

Median Knox County Market Value

$78,330

Median Illinois Market Value

$194,700

Median United States Market Value

$244,900

Property Tax Assessment Values Across Dahinda, Knox County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
61428	$90,846	$156,585	$264,660	$397,590	$554,712

Source: Ownwell

Property Tax Bills Across Dahinda, Knox County, Illinois

In Dahinda, located in Knox County, IL, property tax bills are determined based on the assessed value of a home and the local tax rate. The assessed value is typically a percentage of the market value of the property. Homeowners in Dahinda face a median property tax bill of $6,137, significantly higher than the national median of $2,400. This discrepancy highlights the importance of understanding property tax calculations and seeking potential savings. Factors such as local government budgets, school funding, and public services contribute to the tax rate, affecting the final bill homeowners receive. With tax bills ranging from $3,428 at the 25th percentile to $13,098 at the 90th percentile, there is considerable variation based on property value and location within the city. Ownwell assists homeowners by identifying potential errors in assessments and exploring exemption opportunities, ultimately helping to reduce their property tax burden. By leveraging expert knowledge, Ownwell can ensure homeowners are not overpaying and can achieve significant savings on their property taxes.

Property Tax Bills Across Dahinda, Knox County, Illinois

Source: Ownwell

$748

$4,362

$7,975

Median Dahinda Tax Bill

$6,137

Median Knox County Tax Bill

$1,699

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,690

Property Tax Bills Across Dahinda, Knox County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
61428	$1,655	$3,428	$6,137	$9,756	$13,098

Source: Ownwell