Wyoming, Stark County, Illinois Property Taxes

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

Median Wyoming, IL effective property tax rate: 2.21%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Wyoming, IL home value: $132,417
Median annual Wyoming, IL tax bill: $2,781, $381 higher than the national median property tax bill of $2,400.

How are property taxes in Stark County calculated?

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

Last Updated March 1, 2025

Wyoming, Stark County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.21%

Estimate Property Tax Bill

$2,926

$2,716

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

Property Tax Rates Across Wyoming, Stark County, Illinois

Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget annually 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.

In Wyoming, located in Stark County, Illinois, the effective property tax rate is 2.21%, which is significantly higher than the national median property tax rate of 1.02%. This elevated rate reflects the county's need to generate sufficient revenue to fund local services. When compared to other cities in Illinois, Wyoming's tax rate is consistent with the state's median, showcasing the state's overall higher property tax landscape. This can be attributed to Illinois having some of the highest property tax rates in the country. Understanding these rates can help property owners make informed decisions about their investments and potential tax liabilities.

Property Tax Rates Across Wyoming, Stark County, Illinois

Source: Ownwell

2.01%

2.15%

2.30%

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 Wyoming Taxx Rate

2.21%

Median Effective Stark County Taxx Rate

2.20%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

0.99%

Property Tax Rates Across Wyoming, Stark County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
61491	1.45%	2.02%	2.21%	2.38%	2.58%

Source: Ownwell

Property Tax Assessment Values Across Wyoming, Stark County, Illinois

When examining property taxes in Wyoming, 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 Stark 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 Stark 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 Wyoming.

For example, the median home price in Wyoming is $132,417, with tax bills ranging significantly across the county. Zip code 61491 has the highest median home price at $132,417.

Property Tax Assessment Values Across Wyoming, Stark County, Illinois

Source: Ownwell

$130,330

$207,970

$285,609

Median Wyoming Market Value

$132,417

Median Stark County Market Value

$143,110

Median Illinois Market Value

$194,700

Median United States Market Value

$244,900

Property Tax Assessment Values Across Wyoming, Stark County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
61491	$33,363	$79,653	$132,417	$260,771	$400,906

Source: Ownwell

Property Tax Bills Across Wyoming, Stark County, Illinois

Property tax bills in Wyoming, located in Stark County, Illinois, are calculated based on the assessed value of a home and the local tax rate. The assessed value is typically a percentage of the home's market value, which is determined by the county assessor. Homeowners in Wyoming face a median property tax bill of $2,781, which is above the national median of $2,400. The tax bill varies significantly, with the 25th percentile at $1,470 and the 90th percentile reaching $8,287, reflecting the diverse property values within the area. These taxes fund essential services such as schools, infrastructure, and public safety, impacting homeowners by contributing to community development and property value enhancement. However, high property taxes can be a financial burden. Ownwell assists homeowners by identifying potential errors in property assessments and exploring available exemptions, helping to reduce their tax obligations. By leveraging expert knowledge and local insights, Ownwell ensures homeowners pay only their fair share, potentially saving them significant amounts on their property tax bills.

Property Tax Bills Across Wyoming, Stark County, Illinois

Source: Ownwell

$2,703

$4,468

$6,233

Median Wyoming Tax Bill

$2,781

Median Stark County Tax Bill

$2,919

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,690

Property Tax Bills Across Wyoming, Stark County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
61491	$428	$1,470	$2,781	$5,536	$8,287

Source: Ownwell