Chenoa, Livingston County, Illinois Property Taxes

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

Median Chenoa, IL effective property tax rate: 3.10%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Chenoa, IL home value: $183,204
Median annual Chenoa, IL tax bill: $6,139, $3,739 higher than the national median property tax bill of $2,400.

How are property taxes in Livingston County calculated?

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

Last Updated March 1, 2025

Chenoa, Livingston County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

3.1%

Estimate Property Tax Bill

$5,679

$5,270

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

Property Tax Rates Across Chenoa, Livingston County, Illinois

Local government entities set tax rates, and these can vary significantly within a state. Each county estimates its required budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While setting tax rates and budgets involves votes and laws, this is the annual process in a nutshell.

Chenoa in Livingston County, Illinois, stands out with a notably high effective property tax rate. The city's rate is significantly above both the Illinois median and the national median property tax rate of 1.02%. This distinction places local homeowners in a unique position, as their tax bills are considerably higher than the national median property tax bill of $2,400.

When comparing Chenoa's rate to other cities in Illinois and the broader U.S., it becomes evident that the city experiences a much higher property tax burden. This substantial rate can impact homeowners' decisions and financial planning, making it crucial for residents to explore potential tax appeals and exemptions. Understanding these rates is essential for homeowners aiming to manage their property tax liabilities effectively.

Property Tax Rates Across Chenoa, Livingston County, Illinois

Source: Ownwell

2.69%

3.10%

3.51%

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 Chenoa Tax Rate

3.10%

Median Effective Livingston County Tax Rate

3.02%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Chenoa, Livingston County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
61726	2.56%	2.79%	3.10%	3.35%	3.58%

Source: Ownwell

Property Tax Assessment Values Across Chenoa, Livingston County, Illinois

When examining property taxes in Chenoa, 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 Livingston County Assessor’s Office 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 Livingston 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 Chenoa. For example, the median home price in Chenoa is $183,204, with tax bills ranging significantly across the county. The zip code 61726 has the highest median home price at $183,204.

Property Tax Assessment Values Across Chenoa, Livingston County, Illinois

Source: Ownwell

$103,203

$160,239

$217,275

Median Chenoa Market Value

$183,204

Median Livingston County Market Value

$144,219

Median Illinois Market Value

$194,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Chenoa, Livingston County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
61726	$69,471	$122,478	$183,204	$253,119	$351,547

Source: Ownwell

Property Tax Bills Across Chenoa, Livingston County, Illinois

In Chenoa, located in Livingston County, IL, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor. The assessed value is a percentage of the property's market value, and this figure is then multiplied by the local tax rate to determine the annual tax bill. For homeowners in Chenoa, the median home price is approximately $183,204, which significantly influences the tax bill. The tax bill can vary widely, with 25th percentile homeowners paying around $4,297, while those in the 75th percentile face bills of up to $8,430. The 90th percentile sees even higher bills, reaching $11,153. These figures are notably higher than the national median property tax bill of $2,400, reflecting the higher tax rates in this region. Ownwell can assist homeowners in Chenoa by reviewing their property assessments and identifying potential inaccuracies. By appealing these assessments, Ownwell helps homeowners potentially lower their tax bills, ensuring they are not overpaying compared to their property's true market value.

Property Tax Bills Across Chenoa, Livingston County, Illinois

Source: Ownwell

$3,410

$5,342

$7,273

Median Chenoa Tax Bill

$6,139

Median Livingston County Tax Bill

$4,592

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Chenoa, Livingston County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
61726	$3,140	$4,297	$6,139	$8,430	$11,153

Source: Ownwell