Galesburg, Warren County, Illinois Property Taxes

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

Median Galesburg, IL effective property tax rate: 2.56%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Galesburg, IL home value: $7,410
Median annual Galesburg, IL tax bill: $190, $2,210 lower than the national median property tax bill of $2,400.

How are property taxes in Warren County calculated?

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

Last Updated March 1, 2025

Galesburg, Warren County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.56%

Estimate Property Tax Bill

$190

$176

Ownwell’s Galesburg Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Galesburg with just two data points.

By entering your property's estimated assessed value, our calculator applies Galesburg’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 Warren County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Galesburg, Warren County, Illinois

Local government entities set tax rates, which can vary widely within a state. This is because each county estimates its required budget to provide services annually 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, this is the annual process in a nutshell.

In Galesburg, located in Warren County, Illinois, the effective property tax rate is significantly higher than the national median of 1.02%. Illinois as a state has a median property tax rate of 2.56%, which is more than double the national average. This places Illinois among the states with the highest property tax rates in the country. The higher tax rates can result in substantial property tax bills for homeowners, impacting affordability and influencing real estate decisions. Comparing Galesburg’s tax rate to other cities in Illinois can provide insight into the local tax landscape and help property owners make informed decisions regarding property investments and appeals.

Property Tax Rates Across Galesburg, Warren County, Illinois

Source: Ownwell

1.61%

2.51%

3.42%

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 Galesburg Tax Rate

2.56%

Median Effective Warren County Tax Rate

3.01%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Galesburg, Warren County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
61401	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Galesburg, Warren County, Illinois

When examining property taxes in Galesburg, 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 Warren 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 Warren 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 Galesburg.

For example, the median home price in Galesburg is $7,410, with tax bills ranging significantly across the county. 61401 has the highest median home price at $7,410.

Property Tax Assessment Values Across Galesburg, Warren County, Illinois

Source: Ownwell

$23,295

$39,143

$54,990

Median Galesburg Market Value

$7,410

Median Warren County Market Value

$47,250

Median Illinois Market Value

$194,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Galesburg, Warren County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
61401	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Galesburg, Warren County, Illinois

In Galesburg, situated in Warren County, IL, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The assessed value is then multiplied by the local tax rate to calculate the tax bill. With a median home price of $7,410, homeowners in Galesburg face a property tax bill that typically hovers around $190, which is significantly lower than the national median property tax bill of $2,400. This discrepancy highlights the relatively low property tax burden for Galesburg residents compared to the national average. However, various factors such as changes in assessed value or local tax rates can still affect the overall tax bill, potentially impacting homeowners' financial planning. Ownwell steps in to assist homeowners by providing expert property tax appeal and exemption services. By analyzing individual property assessments and identifying potential savings, Ownwell helps to ensure that homeowners are not overpaying on their property taxes, offering peace of mind and financial relief.

Property Tax Bills Across Galesburg, Warren County, Illinois

Source: Ownwell

$679

$1,065

$1,450

Median Galesburg Tax Bill

$190

Median Warren County Tax Bill

$1,310

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Galesburg, Warren County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
61401	N/A	N/A	N/A	N/A	N/A

Source: Ownwell