Dwight, Livingston County, Illinois Property Taxes

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

Median Dwight, IL effective property tax rate: 3.05%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Dwight, IL home value: $157,446
Median annual Dwight, IL tax bill: $5042, $2,642 higher than the national median property tax bill of $2,400.

How are property taxes in Livingston calculated?

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

Last Updated March 1, 2025

Dwight, Livingston County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

3.05%

Estimate Property Tax Bill

$4,802

$4,456

Ownwell’s Dwight Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Dwight with just two data points. By entering your property's estimated assessed value, our calculator applies Dwight’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 Dwight, Livingston County, Illinois

Property tax rates are determined by local government entities and can differ significantly across regions. This variability arises because each county, like Livingston County, calculates its required budget annually to fund essential services. This budget is then divided by the total assessed value of all taxable property within the county, resulting in the property tax rate. While the process involves votes and legislation, this is essentially how it unfolds each year.

In Dwight, located in Livingston County, the effective property tax rate is notably higher than the national median rate of 1.02%. This may seem steep compared to the national average, but it is reflective of the local government's approach to maintaining public services and infrastructure. When comparing Dwight's property tax rate to other cities within Illinois and the broader U.S., it's clear that property owners in Dwight are contributing a significant amount relative to the assessed value of their properties. Understanding these rates is crucial for property owners looking to manage their tax liabilities effectively.

Property Tax Rates Across Dwight, 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 Dwight Tax Rate

3.05%

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 Dwight, Livingston County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
60420	2.36%	2.61%	3.05%	3.05%	3.29%

Source: Ownwell

Property Tax Assessment Values Across Dwight, Livingston County, Illinois

When examining property taxes in Dwight, 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 Livingston 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 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 Dwight. For example, the median home price in Dwight is $157,446, with tax bills ranging significantly across the county. Zip code 60420 has the highest median home price at $157,446.

Property Tax Assessment Values Across Dwight, Livingston County, Illinois

Source: Ownwell

$103,203

$160,239

$217,275

Median Dwight Market Value

$157,446

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 Dwight, Livingston County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
60420	$56,397	$100,806	$157,446	$250,502	$350,646

Source: Ownwell

Property Tax Bills Across Dwight, Livingston County, Illinois

In Dwight, located in Livingston County, IL, property taxes are calculated based on the assessed value of a home, which is determined by the local assessor. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For homeowners in Dwight, the median home price is $157,446, which influences the assessed value and, consequently, the tax bill. In this area, property tax bills can vary significantly, with the 25th percentile at $3,103 and the 75th percentile reaching $7,830. Some homeowners in the 90th percentile face bills as high as $11,194. This variability can impact homeowners' finances, making it crucial to ensure that their property is assessed fairly. This is where Ownwell comes in. By providing expert property tax appeal services, Ownwell can help homeowners in Dwight potentially reduce their property tax bills. With a deep understanding of local tax regulations and a proven track record, Ownwell offers a strategic approach to securing tax savings for property owners.

Property Tax Bills Across Dwight, Livingston County, Illinois

Source: Ownwell

$3,410

$5,342

$7,273

Median Dwight Tax Bill

$5,042

Median Livingston County Tax Bill

$4,592

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Dwight, Livingston County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
60420	$2,108	$3,103	$5,042	$7,830	$11,194

Source: Ownwell