Wabash County, Illinois Property Taxes

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

Median Wabash County effective property tax rate: 1.99%, significantly higher than the national median of 1.02%. Median Wabash County home value: $80,445. Median annual Wabash County tax bill: $1,448, $952 lower than the national median property tax bill of $2,400.

How are property taxes in Wabash County calculated?

Property taxes in Wabash County 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 your county's property tax system, exemptions, and reduction opportunities can lead to significant savings. Whether you live in Mount Carmel or another part of Wabash County, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Wabash County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.99%

Estimate Property Tax Bill

$1,601

$1,486

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

Property Tax Rates Across Wabash County, Illinois

Local government entities are responsible for setting tax rates, which can vary significantly within a state. This variation is primarily because each county annually estimates its budgetary needs to provide essential services and divides that by the total value of all taxable properties within its jurisdiction. This process determines the property tax rate. Although voting and legislative processes play a role in setting these rates and budgets, this is the fundamental annual procedure.

In Wabash County, Illinois, the effective property tax rate stands at 1.99%, which is considerably higher than the national median property tax rate of 1.02%. This rate reflects the county's budgetary requirements and the total assessed value of properties in the area. Within the county, Mount Carmel has the highest median tax rate at 2.09%, while West Salem has the lowest at 1.63%. When compared to the national median property tax bill of $2,400, Wabash County's rates may result in higher tax bills for homeowners, emphasizing the importance of understanding local tax rates and appealing assessments when necessary.

Property Tax Rates Across Wabash County, Illinois

Source: Ownwell

1.63%

1.86%

2.09%

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 Wabash County Taxx Rate

1.99%

Median Effective Illinois Taxx Rate

2.35%

Median Effective United States Tax Rate

0.99%

Property Tax Rates Across Wabash County, Illinois

City	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
Allendale	1.17%	1.50%	1.76%	1.92%	2.10%
Bellmont	N/A	N/A	N/A	N/A	N/A
Browns	N/A	N/A	N/A	N/A	N/A
Keensburg	N/A	N/A	N/A	N/A	N/A
Mount Carmel	1.46%	1.77%	2.09%	2.51%	2.51%
Saint Francisville	N/A	N/A	N/A	N/A	N/A
West Salem	0.58%	1.20%	1.63%	1.93%	2.05%

Source: Ownwell

Property Tax Assessment Values Across Wabash County, Illinois

When examining property taxes in Wabash County, 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 Wabash 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 Wabash 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 Wabash County. For example, the median tax bill in Wabash County is $2,042, with tax bills ranging significantly across the county. Allendale has the highest median home price at $108,930.

Property Tax Assessment Values Across Wabash County, Illinois

Source: Ownwell

$73,215

$91,073

$108,930

Median Wabash County Assessed Value

$80,445

Median Illinois Assessed Value

$194,700

Median United States Assessed Value

$244,900

Property Tax Assessment Values Across Wabash County, Illinois

City	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
Allendale	$6,420	$75,810	$108,930	$166,215	$216,642
Bellmont	N/A	N/A	N/A	N/A	N/A
Browns	N/A	N/A	N/A	N/A	N/A
Keensburg	N/A	N/A	N/A	N/A	N/A
Mount Carmel	$23,238	$38,370	$73,215	$144,690	$256,776
Saint Francisville	N/A	N/A	N/A	N/A	N/A
West Salem	$38,952	$74,490	$104,100	$190,170	$276,258

Source: Ownwell

Property Tax Bills Across Wabash County, Illinois

In Wabash County, IL, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Various factors influence this calculation, including local government budgets and funding requirements for public services like schools and infrastructure. Homeowners in Wabash County can expect a range of property tax bills, with the 25th percentile at $900 and the 75th percentile reaching $2,769. For those at the higher end, the 90th percentile tax bill can rise to $4,976. The city of Allendale has the highest median tax bill in the county at $2,042, while Mount Carmel has the lowest at $1,426. Compared to the national median property tax rate of 1.02% and a median tax bill of $2,400, Wabash County offers a diverse range of tax obligations, impacting homeowners' financial planning and homeownership costs.

Property Tax Bills Across Wabash County, Illinois

Source: Ownwell

$1,426

$1,734

$2,042

Median Wabash County Tax Bill

$1,448

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,690

Property Tax Bills Across Wabash County, Illinois

City	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
Allendale	$625	$1,215	$2,042	$3,119	$4,014
Bellmont	N/A	N/A	N/A	N/A	N/A
Browns	N/A	N/A	N/A	N/A	N/A
Keensburg	N/A	N/A	N/A	N/A	N/A
Mount Carmel	$515	$892	$1,426	$2,620	$4,929
Saint Francisville	N/A	N/A	N/A	N/A	N/A
West Salem	$109	$840	$1,454	$3,560	$5,475

Source: Ownwell

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