Windsor, Illinois Property Taxes
The median property tax rate in Windsor, IL is 2.03%, considerably higher than both the national median of 0.99% and the Illinois state median of 2.35%. With the median home value in Windsor, the typical annual property tax bill reaches $2,156, which is lower than the national median of $2,690. Property taxes in Windsor are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Windsor's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Windsor or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Windsor, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.03%
Estimate Property Tax Bill
$2,303
$2,138
Ownwell’s Windsor Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Windsor with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Windsor to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Windsor, Illinois
Property taxes in Windsor, Illinois, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Windsor is 2.03%, significantly higher than the U.S. national median of 0.99%. Local government entities within Windsor set these rates annually, and they can vary significantly across different neighborhoods. Each year, Windsor estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Windsor's effective property tax rate to other counties in Illinois and the national median. For comparison, the 61957 zip code has the highest median property tax rate of 2.03%, while the 61957 zip code also has the lowest median tax rate of 2.03%. Understanding how these cities compare with Windsor provides valuable insights into the varying tax landscape across Shelby County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Windsor Tax Rate
2.03%
Average Shelby County Tax Rate
2.20%
Average Illinois Tax Rate
2.35%
Average United States Tax Rate
0.99%
Property Tax Rates Across Windsor, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61957 | 1.41% | 1.74% | 2.03% | 2.21% | 2.38% |
Source: Ownwell
Property Tax Assessment Values Across Windsor, Illinois
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Windsor, Illinois. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the local appraisal district for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Windsor, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. For instance, the median home price in Windsor is $113,472, with tax bills ranging significantly. The 25th percentile tax bill is $1,027, while the 75th percentile tax bill is $3,466, and the 90th percentile tax bill reaches $5,004. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Windsor Assessed Value
$113,472
Average Shelby County Assessed Value
$99,420
Average Illinois Assessed Value
$194,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Windsor, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61957 | $20,440 | $58,982 | $113,472 | $173,324 | $230,693 |
Source: Ownwell
Property Tax Bills Across Windsor, Illinois
In Windsor, located in Shelby County, IL, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. For homeowners, the median home price stands at $113,472. Once the assessed value is determined, local tax rates are applied to calculate the final tax bill. Several factors influence this bill, including the property's location within the county, any applicable exemptions, and the specific tax rate set by local authorities. For instance, the 25th percentile of tax bills in Windsor is $1,027, while the 75th percentile reaches $3,466. At the higher end, the 90th percentile tax bill is $5,004. These property taxes fund essential public services such as schools, emergency services, and infrastructure, directly impacting homeowners. Comparing these figures to the national median property tax rate of 0.99%, Windsor's tax rates can vary significantly, affecting the overall financial burden on its residents.
Average Windsor Tax Bill
$2,156
Average Shelby County Tax Bill
$2,114
Average Illinois Tax Bill
$4,715
Average United States Tax Bill
$2,690
Property Tax Bills Across Windsor, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61957 | $518 | $1,027 | $2,156 | $3,466 | $5,004 |
Source: Ownwell