Bellflower, Mclean County, Illinois Property Taxes

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

Median Bellflower, IL effective property tax rate: 2.26%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Bellflower, IL home value: $78,150
Median annual Bellflower, IL tax bill: $1,649, $751 lower than the national median property tax bill of $2,400.

How are property taxes in McLean County calculated?

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

Last Updated March 1, 2025

Bellflower, Mclean County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.26%

Estimate Property Tax Bill

$1,766

$1,639

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

Property Tax Rates Across Bellflower, Mclean County, Illinois

Local government entities set tax rates, which can vary widely within a state. 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 Bellflower’s effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S. Bellflower, located in McLean County, experiences a property tax rate of 2.26%, significantly higher than the national median of 1.02%. This rate places Bellflower among the highest in Illinois, indicating a substantial difference when compared to the national landscape. The local tax rate reflects the county's budgetary needs and the total assessed property value. For homeowners in Bellflower, understanding these dynamics can be crucial for financial planning and exploring potential property tax appeals.

Property Tax Rates Across Bellflower, Mclean County, Illinois

Source: Ownwell

1.97%

2.39%

2.81%

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 Bellflower Tax Rate

2.26%

Median Effective Mclean County Tax Rate

2.62%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Bellflower, Mclean County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
61724	1.42%	1.92%	2.26%	2.58%	2.95%

Source: Ownwell

Property Tax Assessment Values Across Bellflower, Mclean County, Illinois

When examining property taxes in Bellflower, 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 McLean 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 McLean 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 Bellflower. For example, the median home price in Bellflower is $78,150, with tax bills ranging significantly across the county. Zip code 61724 has the highest median home price at $78,150.

Property Tax Assessment Values Across Bellflower, Mclean County, Illinois

Source: Ownwell

$54,762

$156,365

$257,967

Median Bellflower Market Value

$78,150

Median Mclean County Market Value

$163,629

Median Illinois Market Value

$194,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Bellflower, Mclean County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
61724	$24,731	$53,949	$78,150	$96,684	$135,562

Source: Ownwell

Property Tax Bills Across Bellflower, Mclean County, Illinois

In Bellflower, McLean County, IL, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. Factors such as property size, location, and improvements can influence the assessed value, impacting the final tax bill. The median home price in Bellflower is $78,150, with property tax bills ranging from $969 at the 25th percentile to $3,104 at the 90th percentile. The median tax bill is notably lower than the national median of $2,400, reflecting the area's affordability. Homeowners in Bellflower can benefit from appealing their property tax assessments to ensure they are not overpaying. Ownwell specializes in property tax appeals and can help homeowners navigate the complexities of the process. By leveraging expertise and local market insights, Ownwell aims to secure reductions in tax bills, offering significant savings and peace of mind to homeowners.

Property Tax Bills Across Bellflower, Mclean County, Illinois

Source: Ownwell

$1,318

$3,989

$6,659

Median Bellflower Tax Bill

$1,649

Median Mclean County Tax Bill

$4,175

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Bellflower, Mclean County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
61724	$335	$969	$1,649	$2,310	$3,104

Source: Ownwell