Davis, Stephenson County, Illinois Property Taxes

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

Median Davis, IL effective property tax rate: 2.75%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Davis, IL home value: $86,078
Median annual Davis, IL tax bill: $2,392, $8 lower than the national median property tax bill of $2,400.

How are property taxes in Stephenson calculated?

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

Last Updated March 1, 2025

Davis, Stephenson County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.75%

Estimate Property Tax Bill

$2,367

$2,197

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

Property Tax Rates Across Davis, Stephenson County, Illinois

Local government entities set tax rates, which can vary widely within Illinois. Each county annually 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 Davis’s effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S. Davis in Stephenson County has an effective property tax rate of 2.75%, which is significantly higher than the national median of 1.02%. This means property owners in Davis are likely paying more than double the national median property tax bill of $2400. Comparing this to Illinois as a whole, Davis aligns with the state's higher property tax rates, reflecting the state's trend of substantial property tax obligations. Understanding these differences can be crucial for homeowners assessing their property tax responsibilities and exploring potential savings through appeals or exemptions.

Property Tax Rates Across Davis, Stephenson County, Illinois

Source: Ownwell

2.57%

3.02%

3.48%

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 Davis Tax Rate

2.75%

Median Effective Stephenson County Tax Rate

3.21%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Davis, Stephenson County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
61019	2.31%	2.46%	2.75%	3.21%	3.23%

Source: Ownwell

Property Tax Assessment Values Across Davis, Stephenson County, Illinois

When examining property taxes in Davis, 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 Stephenson 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. Assessment notices: In Stephenson 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 Davis. For example, the median home price in Davis is $86,078, with tax bills ranging significantly across the county. Zip code 61019 has the highest median home price at $86,078.

Property Tax Assessment Values Across Davis, Stephenson County, Illinois

Source: Ownwell

$51,878

$101,664

$151,449

Median Davis Market Value

$86,078

Median Stephenson County Market Value

$60,276

Median Illinois Market Value

$194,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Davis, Stephenson County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
61019	$44,961	$62,848	$86,078	$132,008	$194,700

Source: Ownwell

Property Tax Bills Across Davis, Stephenson County, Illinois

In Davis, Stephenson County, IL, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is typically a percentage of the market value. Homeowners in Davis face a median property tax bill of $2,392, which aligns with the national median of $2,400. However, the tax burden can vary significantly, with some homeowners paying as low as $1,827 and others up to $4,961, depending on their property's assessed value and location within the county. This variability can significantly impact homeowners' finances, especially when property values increase or local tax rates fluctuate. Ownwell offers a solution by helping homeowners navigate the complex property tax system. By analyzing property assessments and identifying potential discrepancies, Ownwell can assist in filing appeals to ensure homeowners are not overpaying. This service is designed to help homeowners achieve potential savings, providing peace of mind and financial relief in managing their property tax obligations.

Property Tax Bills Across Davis, Stephenson County, Illinois

Source: Ownwell

$1,662

$2,839

$4,016

Median Davis Tax Bill

$2,392

Median Stephenson County Tax Bill

$1,883

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Davis, Stephenson County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
61019	$1,247	$1,827	$2,392	$3,107	$4,961

Source: Ownwell