Allendale, Wabash County, Illinois Property Taxes

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

Median Allendale, IL effective property tax rate: 1.76%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Allendale, IL home value: $108,930
Median annual Allendale, IL tax bill: $2,042, $358 lower than the national median property tax bill of $2,400.

How are property taxes in Wabash calculated?

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

Last Updated March 1, 2025

Allendale, Wabash County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.76%

Estimate Property Tax Bill

$1,917

$1,779

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

Property Tax Rates Across Allendale, Wabash County, Illinois

Local government entities set tax rates, which can vary widely within a state. This is because 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 Allendale, located in Wabash County, Illinois, the effective property tax rate is a notable point of comparison. With a median property tax rate of 1.76%, Allendale's rate stands significantly above the national median of 1.02%. This positions Allendale as having one of the higher property tax rates compared to other cities in Illinois. The uniformity in tax rates across the county is reflected in the data, with both the highest and lowest median tax rates being the same at 1.76%. This consistency suggests a standardized approach to property taxation within the area. Understanding these rates is crucial for property owners, as they directly impact annual tax bills and overall property expenses.

Property Tax Rates Across Allendale, 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 Allendale Taxx Rate

1.76%

Median Effective Wabash County Taxx Rate

1.99%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

0.99%

Property Tax Rates Across Allendale, Wabash County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62410	1.17%	1.50%	1.76%	1.92%	2.10%

Source: Ownwell

Property Tax Assessment Values Across Allendale, Wabash County, Illinois

When examining property taxes in Allendale, 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 Wabash 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 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 Allendale. For example, the median home price in Allendale is $108,930, with tax bills ranging significantly across the county. Zip code 62410 has the highest median home price at $108,930.

Property Tax Assessment Values Across Allendale, Wabash County, Illinois

Source: Ownwell

$73,215

$91,073

$108,930

Median Allendale Market Value

$108,930

Median Wabash County Market Value

$80,445

Median Illinois Market Value

$194,700

Median United States Market Value

$244,900

Property Tax Assessment Values Across Allendale, Wabash County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62410	$6,420	$75,810	$108,930	$166,215	$216,642

Source: Ownwell

Property Tax Bills Across Allendale, Wabash County, Illinois

In Allendale, IL, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. The local tax rate is then applied to this assessed value to determine the tax bill. Factors such as changes in local government budgets, school funding needs, and infrastructure projects can influence the tax rate, impacting homeowners' bills. In Allendale, the median property tax bill is $2,042, which is slightly below the national median of $2,400. However, tax bills can vary significantly, with the 25th percentile at $1,215 and the 90th percentile reaching $4,014, indicating a wide range of tax burdens among homeowners. This variability underscores the importance of ensuring your home is accurately assessed. Ownwell can assist homeowners by reviewing their property assessments and identifying potential inaccuracies. By filing appeals and securing exemptions, Ownwell helps reduce property tax bills, ensuring homeowners pay only their fair share. This service can lead to significant savings, providing financial relief to property owners.

Property Tax Bills Across Allendale, Wabash County, Illinois

Source: Ownwell

$1,426

$1,734

$2,042

Median Allendale Tax Bill

$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 Allendale, Wabash County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62410	$625	$1,215	$2,042	$3,119	$4,014

Source: Ownwell