New Windsor, Mercer County, Illinois Property Taxes

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

Median New Windsor, IL effective property tax rate: 2.33%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median New Windsor, IL home value: $121,815
Median annual New Windsor, IL tax bill: $2,713, $313 higher than the national median property tax bill of $2,400.

How are property taxes in Mercer calculated?

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

Last Updated March 1, 2025

New Windsor, Mercer County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.33%

Estimate Property Tax Bill

$2,838

$2,634

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

Property Tax Rates Across New Windsor, Mercer 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 New Windsor’s effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S.

New Windsor, located in Mercer County, has a property tax rate that stands out when compared to other regions. The effective property tax rate in New Windsor is significantly higher than the national median, reflecting the local government's budgetary needs and property values. This rate is consistent across Mercer County, indicating a uniform approach to property taxation in this area. When compared to the national median property tax rate of 1.02% and the median property tax bill of $2,400, New Windsor's figures highlight the variations that can occur at the local level. Understanding these differences is crucial for property owners looking to manage their tax liabilities effectively.

Property Tax Rates Across New Windsor, Mercer County, Illinois

Source: Ownwell

2.25%

2.50%

2.75%

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 New Windsor Tax Rate

2.33%

Median Effective Mercer County Tax Rate

2.47%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across New Windsor, Mercer County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
61465	1.58%	2.03%	2.33%	2.52%	2.53%

Source: Ownwell

Property Tax Assessment Values Across New Windsor, Mercer County, Illinois

When examining property taxes in New Windsor, 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 Mercer 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 Mercer 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 New Windsor.

For example, the median home price in New Windsor is $121,815, with tax bills ranging significantly across the county. The 61465 zip code has the highest median home price at $121,815.

Property Tax Assessment Values Across New Windsor, Mercer County, Illinois

Source: Ownwell

$90,765

$152,274

$213,783

Median New Windsor Market Value

$121,815

Median Mercer County Market Value

$156,489

Median Illinois Market Value

$194,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across New Windsor, Mercer County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
61465	$26,733	$76,704	$121,815	$203,526	$302,741

Source: Ownwell

Property Tax Bills Across New Windsor, Mercer County, Illinois

In New Windsor, Illinois, 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 the home's location, size, and any improvements can impact its assessed value. Homeowners in New Windsor typically face a median tax bill that is slightly above the national median of $2,400, with the 25th percentile at $1,469 and the 75th percentile at $4,312. This variation indicates a range of tax burdens depending on specific property characteristics and local tax rates. Homeowners can feel the pinch, especially those at the higher end of the spectrum, with tax bills reaching up to $6,732 for the 90th percentile. Ownwell can assist by identifying potential savings through property tax appeals, ensuring homeowners are not overpaying. By leveraging local expertise and comprehensive data analysis, Ownwell helps homeowners reduce their tax liabilities and keep more money in their pockets.

Property Tax Bills Across New Windsor, Mercer County, Illinois

Source: Ownwell

$1,712

$3,760

$5,808

Median New Windsor Tax Bill

$2,713

Median Mercer County Tax Bill

$3,661

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across New Windsor, Mercer County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
61465	$629	$1,469	$2,713	$4,312	$6,732

Source: Ownwell