Delavan, Tazewell County, Illinois Property Taxes

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

Median Delavan, IL effective property tax rate: 2.47%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Delavan, IL home value: $111,780
Median annual Delavan, IL tax bill: $2,743, $343 higher than the national median property tax bill of $2,400.

How are property taxes in Tazewell calculated?

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

Last Updated March 1, 2025

Delavan, Tazewell County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.47%

Estimate Property Tax Bill

$2,761

$2,562

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

Property Tax Rates Across Delavan, Tazewell 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.

In Delavan, located in Tazewell County, Illinois, understanding how property tax rates compare to other areas can be crucial for homeowners. Delavan's effective property tax rate is notably higher than the national median of 1.02%, reflecting the specific budgetary needs and property values within the county. This rate also surpasses the Illinois state median, highlighting the unique tax landscape of the region. By comparing Delavan’s rate to those of other cities in Illinois and the national average, homeowners can better understand their tax obligations and explore potential savings through appeals or exemptions. Whether you're a current resident or considering a move, being informed about property tax rates is essential for financial planning.

Property Tax Rates Across Delavan, Tazewell County, Illinois

Source: Ownwell

1.96%

2.38%

2.80%

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 Delavan Tax Rate

2.47%

Median Effective Tazewell County Tax Rate

2.46%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Delavan, Tazewell County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
61734	1.86%	2.21%	2.47%	2.72%	3.16%

Source: Ownwell

Property Tax Assessment Values Across Delavan, Tazewell County, Illinois

When examining property taxes in Delavan, 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 Tazewell 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 Tazewell 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 Delavan. For example, the median home price in Delavan is $111,780, with tax bills ranging significantly across the county. 61734 has the highest median home price at $111,780.

Property Tax Assessment Values Across Delavan, Tazewell County, Illinois

Source: Ownwell

$67,290

$196,785

$326,280

Median Delavan Market Value

$111,780

Median Tazewell County Market Value

$127,050

Median Illinois Market Value

$194,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Delavan, Tazewell County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
61734	$48,582	$76,950	$111,780	$164,130	$224,076

Source: Ownwell

Property Tax Bills Across Delavan, Tazewell County, Illinois

In Delavan, located in Tazewell 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 property's market value. With a median home price of $111,780, homeowners in Delavan experience property tax bills ranging from $1,764 at the 25th percentile to $5,832 at the 90th percentile. This variability highlights how factors such as property location, size, and improvements influence tax bills. The median property tax bill in Delavan is $2,743, which is slightly above the national median of $2,400, despite Illinois having a relatively higher property tax rate. This can significantly impact homeowners' finances, making it crucial to ensure that tax assessments are accurate. Ownwell can assist homeowners by providing expert property tax appeal services, potentially reducing over-assessed values and lowering tax bills. By leveraging local expertise and a deep understanding of property tax laws, Ownwell helps clients achieve substantial savings on their property taxes.

Property Tax Bills Across Delavan, Tazewell County, Illinois

Source: Ownwell

$1,564

$4,524

$7,483

Median Delavan Tax Bill

$2,743

Median Tazewell County Tax Bill

$3,118

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Delavan, Tazewell County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
61734	$994	$1,764	$2,743	$4,105	$5,832

Source: Ownwell