Washington, Tazewell County, Illinois Property Taxes

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

Median Washington, IL effective property tax rate: 2.64%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Washington, IL home value: $153,450
Median annual Washington, IL tax bill: $3,995, $1,595 higher than the national median property tax bill of $2,400.

How are property taxes in Tazewell calculated?

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

Last Updated March 1, 2025

Washington, Tazewell County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.64%

Estimate Property Tax Bill

$4,051

$3,759

Ownwell’s Washington Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Washington with just two data points. By entering your property's estimated assessed value, our calculator applies Washington’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 Washington, Tazewell County, Illinois

Local government entities determine property tax rates, which can significantly differ across a state. Each year, counties calculate their necessary budget to provide essential services and divide this by the total assessed value of all taxable properties within their boundaries, resulting in the property tax rate. Although the process involves votes and legislation to set tax rates and budgets, this is the fundamental annual procedure.

In Washington, located in Tazewell County, Illinois, the effective property tax rate stands out when compared to other cities in the state. The median property tax rate in Illinois is notably higher than the national median of 1.02%. This difference reflects the varying approaches each state takes in funding local services and infrastructure. When considering property taxes, it's essential to understand these rates' impact on homeowners and the local economy. Comparing Washington’s property tax rate to both state and national medians provides a clearer perspective on where it stands regionally and nationwide. Understanding these differences can help homeowners make informed decisions about property ownership and potential savings through appeals or exemptions.

Property Tax Rates Across Washington, 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 Washington Tax Rate

2.64%

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 Washington, Tazewell County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
61571	2.12%	2.42%	2.64%	2.86%	3.00%

Source: Ownwell

Property Tax Assessment Values Across Washington, Tazewell County, Illinois

When examining property taxes in Washington, 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 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 Tazewell 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 Washington. For example, the median home price in Washington is $153,450, with tax bills ranging significantly across the county. 61571 has the highest median home price at $153,450.

Property Tax Assessment Values Across Washington, Tazewell County, Illinois

Source: Ownwell

$67,290

$196,785

$326,280

Median Washington Market Value

$153,450

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 Washington, Tazewell County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
61571	$83,550	$107,580	$153,450	$235,920	$316,062

Source: Ownwell

Property Tax Bills Across Washington, Tazewell County, Illinois

In Washington, located in Tazewell County, IL, property tax bills are determined by the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to calculate the annual property tax bill. Homeowners in Washington face a median property tax bill of $3,995, significantly higher than the national median of $2,400. Factors such as home improvements, neighborhood changes, and local government budgets can influence tax rates and assessed values, impacting the final tax bill.

The property tax burden can be substantial for homeowners, especially when the tax bill reaches the 75th percentile at $6,382 or even the 90th percentile at $8,696. This financial strain underscores the importance of ensuring your property is assessed fairly. Ownwell offers expert property tax appeal services, helping homeowners potentially reduce their tax bills by reviewing assessments for inaccuracies and advocating for fair valuations. By partnering with Ownwell, homeowners can navigate the complexities of property taxes with confidence and potentially achieve significant savings.

Property Tax Bills Across Washington, Tazewell County, Illinois

Source: Ownwell

$1,564

$4,524

$7,483

Median Washington Tax Bill

$3,995

Median Tazewell County Tax Bill

$3,118

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Washington, Tazewell County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
61571	$1,943	$2,664	$3,995	$6,382	$8,696

Source: Ownwell