Wenona, Marshall County, Illinois Property Taxes

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

Median Wenona, IL effective property tax rate: 2.92%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Wenona, IL home value: $133,388
Median annual Wenona, IL tax bill: $4,062, $1,662 higher than the national median property tax bill of $2,400.

How are property taxes in Marshall calculated?

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

Last Updated March 1, 2025

Wenona, Marshall County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.92%

Estimate Property Tax Bill

$3,895

$3,614

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

Property Tax Rates Across Wenona, Marshall County, Illinois

Local government entities in Illinois set property tax rates, which can vary significantly across the state. Each year, counties like Marshall estimate their budgets needed to provide essential services. They then divide this budget by the total value of all taxable property within their jurisdiction, resulting in the property tax rate. This process, influenced by votes and laws, determines the annual tax rate.

In Wenona, located in Marshall County, the effective property tax rate is 2.92%. This rate is notably higher than the national median property tax rate of 1.02%, reflecting the unique financial needs and property values in this area. Compared to other cities in Illinois, Wenona's rate aligns with the highest in the state, indicating a consistent approach to funding local services.

Understanding these rates is crucial for property owners, as they directly impact annual tax bills. With the national median property tax bill at $2,400, property owners in Wenona might expect higher bills due to the elevated tax rate. By staying informed about local tax rates, property owners can better anticipate their financial obligations and explore potential appeal and exemption opportunities.

Property Tax Rates Across Wenona, Marshall County, Illinois

Source: Ownwell

2.31%

2.62%

2.92%

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 Wenona Tax Rate

2.92%

Median Effective Marshall County Tax Rate

2.51%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Wenona, Marshall County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
61377	2.19%	2.55%	2.92%	3.17%	3.17%

Source: Ownwell

Property Tax Assessment Values Across Wenona, Marshall County, Illinois

When examining property taxes in Wenona, 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 Marshall 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.

Assessment notices: In Marshall 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 Wenona.

For example, the median home price in Wenona is $133,388, with tax bills ranging significantly across the county. The zip code 61377 has the highest median home price at $133,388.

Property Tax Assessment Values Across Wenona, Marshall County, Illinois

Source: Ownwell

$114,447

$143,447

$172,446

Median Wenona Market Value

$133,388

Median Marshall County Market Value

$137,295

Median Illinois Market Value

$194,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Wenona, Marshall County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
61377	$45,808	$70,618	$133,388	$192,584	$253,963

Source: Ownwell

Property Tax Bills Across Wenona, Marshall County, Illinois

In Wenona, located in Marshall County, IL, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The tax rate is then applied to this assessed value to determine the final tax bill. Factors such as local government budgets and school district funding needs can influence the tax rate, impacting homeowners' annual expenses. The median home price in Wenona is $133,388, with property tax bills ranging from the 25th percentile at $2,091 to the 90th percentile at $8,137. This range highlights the variability homeowners might face, with the median tax bill at $4,062, which is significantly above the national median of $2,400. Ownwell can assist homeowners in Wenona by providing expert property tax appeal services. By analyzing property assessments and identifying potential discrepancies, Ownwell helps ensure homeowners are not overpaying. This can lead to substantial savings, providing financial relief and peace of mind for property owners in the area.

Property Tax Bills Across Wenona, Marshall County, Illinois

Source: Ownwell

$2,640

$3,558

$4,476

Median Wenona Tax Bill

$4,062

Median Marshall County Tax Bill

$3,331

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Wenona, Marshall County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
61377	$1,043	$2,091	$4,062	$5,803	$8,137

Source: Ownwell