Atwood, Piatt County, Illinois Property Taxes

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

Median Atwood, IL effective property tax rate: 2.59%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Atwood, IL home value: $123,234
Median annual Atwood, IL tax bill: $3,420, $1,020 higher than the national median property tax bill of $2,400.

How are property taxes in Piatt County calculated?

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

Last Updated March 1, 2025

Atwood, Piatt County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.59%

Estimate Property Tax Bill

$3,192

$2,962

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

Property Tax Rates Across Atwood, Piatt County, Illinois

Local government entities set tax rates, which can vary widely within a state. Why? Because 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 Atwood’s effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S. Atwood, located in Piatt County, experiences a median property tax rate of 2.59%, significantly higher than the national median of 1.02%. This places Atwood among the highest in the state, with both the highest and lowest median tax rates in the area being 2.59%, showing uniformity within the region. In terms of tax bills, Atwood’s residents face considerably higher charges compared to the national median property tax bill of $2400. Understanding these figures can help property owners in Atwood anticipate their financial responsibilities and explore potential savings through tax appeals or exemptions.

Property Tax Rates Across Atwood, Piatt County, Illinois

Source: Ownwell

2.22%

2.71%

3.20%

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 Atwood Tax Rate

2.59%

Median Effective Piatt County Tax Rate

2.43%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Atwood, Piatt County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
61913	2.12%	2.36%	2.59%	2.91%	2.93%

Source: Ownwell

Property Tax Assessment Values Across Atwood, Piatt County, Illinois

When examining property taxes in Atwood, 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 Piatt 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 Piatt 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 Atwood.

For example, the median home price in Atwood is $123,234, with tax bills ranging significantly across the county. Zip code 61913 has the highest median home price at $123,234.

Property Tax Assessment Values Across Atwood, Piatt County, Illinois

Source: Ownwell

$123,234

$214,217

$305,199

Median Atwood Market Value

$123,234

Median Piatt County Market Value

$166,770

Median Illinois Market Value

$194,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Atwood, Piatt County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
61913	$24,072	$68,400	$123,234	$218,380	$239,766

Source: Ownwell

Property Tax Bills Across Atwood, Piatt County, Illinois

In Atwood, located in Piatt County, IL, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor. Typically, the assessed value is a percentage of the market value. In this region, the tax rate is applied to the assessed value to determine the final tax bill. Homeowners in Atwood face a range of property tax bills, with the 25th percentile at $2,078 and the 75th percentile reaching $5,322. The national median property tax bill is $2,400, making Atwood's property tax landscape notably varied.

These tax bills can significantly impact homeowners, influencing their overall financial planning and home affordability. By appealing property taxes with Ownwell, homeowners in Atwood can potentially reduce their tax burden. Ownwell provides expert guidance through the appeals process, helping to ensure that property taxes are fair and equitable. This service can lead to meaningful savings, allowing homeowners to better manage their financial resources.

Property Tax Bills Across Atwood, Piatt County, Illinois

Source: Ownwell

$3,412

$6,110

$8,807

Median Atwood Tax Bill

$3,420

Median Piatt County Tax Bill

$4,197

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Atwood, Piatt County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
61913	$872	$2,078	$3,420	$5,322	$6,539

Source: Ownwell