Wayne County Property Taxes
The median property tax rate in Wayne County is 2.01%, significantly higher than both the national median of 0.99% and the Illinois state median of 2.35%. With a median home value of $66,714, the typical annual property tax bill in Wayne County reaches $1,458, exceeding the national median of $2,690. Property taxes here are calculated based on the tax assessed value, which is generally lower than the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Wayne County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Fairfield or another part of Wayne County, gaining comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Wayne County Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
2.35%
Estimate Property Tax Bill
$4,700
Ownwell’s Wayne County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Wayne County with just two data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Wayne County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Wayne County, Illinois
Property taxes in Wayne County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Wayne County is 2.01%, which is higher than both the Illinois state median and the U.S. national median of 0.99%. Local government entities within Wayne County set these rates annually, and they can vary significantly between different areas within the county. Each year, Wayne County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. For comparison, the city of Noble has one of the higher property tax rates in Illinois at 2.27%, while the city of Golden Gate boasts one of the lowest at 1.68%. Analyzing how Wayne County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Wayne County Tax Rate
2.01%
Average Illinois Tax Rate
2.35%
Average United States Tax Rate
0.99%
Property Tax Rates Across Wayne County, Illinois
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Barnhill | 0.52% | 1.15% | 2.03% | 2.18% | 2.33% |
| Bluford | 1.02% | 1.59% | 1.98% | 2.17% | 4.75% |
| Burnt Prairie | 1.65% | 1.72% | 2.21% | 2.56% | 2.89% |
| Cisne | N/A | N/A | N/A | N/A | N/A |
| Clay City | 1.50% | 1.82% | 2.01% | 2.43% | 4.55% |
| Dahlgren | 0.83% | 1.24% | 1.78% | 2.10% | 2.12% |
| Ellery | 0.43% | 1.24% | 1.71% | 1.98% | 2.03% |
| Fairfield | 0.87% | 1.59% | 2.10% | 2.48% | 3.18% |
| Flora | 1.67% | 1.71% | 1.76% | 1.81% | 1.84% |
| Geff | 0.79% | 1.48% | 1.88% | 2.21% | 2.44% |
| Golden Gate | 0.40% | 0.71% | 1.68% | 2.51% | 2.58% |
| Johnsonville | 1.02% | 1.79% | 2.06% | 2.27% | 2.90% |
| Keenes | 0.51% | 1.56% | 2.10% | 2.44% | 3.96% |
| Mount Erie | 0.73% | 1.50% | 1.99% | 2.27% | 2.43% |
| Noble | 1.15% | 1.58% | 2.27% | 2.34% | 2.94% |
| Olney | 2.00% | 2.00% | 2.00% | 2.00% | 2.00% |
| Rinard | 0.60% | 1.45% | 1.89% | 2.16% | 3.05% |
| Sims | 0.86% | 1.55% | 2.16% | 2.47% | 2.66% |
| Wayne City | 0.77% | 1.46% | 1.97% | 2.23% | 2.39% |
| Xenia | 0.87% | 1.32% | 1.95% | 2.23% | 4.09% |
Source: Ownwell
Property Tax Assessment Values Across Wayne County, Illinois
In Wayne County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Wayne County Appraisal District. The assessed value, however, is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. Assessment notices in Wayne County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. For instance, Noble has the highest median tax bill at $3,314, while Golden Gate has the lowest at $116. Being aware of these valuation processes in Wayne County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Wayne County Assessed Value
$66,714
Average Illinois Assessed Value
$194,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Wayne County, Illinois
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Barnhill | $22,200 | $48,914 | $95,601 | $131,014 | $226,506 |
| Bluford | $2,468 | $35,691 | $65,164 | $123,834 | $182,990 |
| Burnt Prairie | $37,575 | $63,666 | $75,825 | $154,264 | $189,584 |
| Cisne | N/A | N/A | N/A | N/A | N/A |
| Clay City | $34,975 | $52,329 | $101,550 | $158,574 | $202,355 |
| Dahlgren | $28,473 | $40,144 | $84,891 | $172,411 | $207,412 |
| Ellery | $30,531 | $49,203 | $67,581 | $121,578 | $140,975 |
| Fairfield | $12,177 | $32,754 | $65,520 | $116,181 | $163,953 |
| Flora | $74,919 | $75,320 | $75,988 | $76,657 | $77,058 |
| Geff | $17,934 | $35,030 | $70,779 | $108,610 | $154,582 |
| Golden Gate | $4,965 | $6,392 | $15,062 | $28,780 | $46,442 |
| Johnsonville | $2,104 | $27,494 | $65,254 | $132,850 | $187,282 |
| Keenes | $10,660 | $27,545 | $55,174 | $144,816 | $221,002 |
| Mount Erie | $8,241 | $23,559 | $65,040 | $108,909 | $222,834 |
| Noble | $54,332 | $71,998 | $121,082 | $180,314 | $221,272 |
| Olney | $117,330 | $117,330 | $117,330 | $117,330 | $117,330 |
| Rinard | $13,370 | $31,632 | $63,804 | $121,479 | $145,214 |
| Sims | $5,925 | $18,926 | $66,861 | $114,478 | $154,575 |
| Wayne City | $14,819 | $31,857 | $65,784 | $118,581 | $171,534 |
| Xenia | $12,738 | $35,154 | $73,311 | $114,432 | $155,722 |
Source: Ownwell
Property Tax Bills Across Wayne County, Illinois
In Wayne County, IL, property tax bills are calculated based on the assessed value of a property, which is typically a percentage of its market value. The county's tax rate is then applied to this assessed value to determine the tax bill. Homeowners in Wayne County face a range of property tax bills, with the 25th percentile at $603 and the 75th percentile reaching $2,735. The 90th percentile tax bill can go as high as $4,380. Factors influencing the tax bill include the property's location, size, and any applicable exemptions. For instance, Noble has the highest median tax bill at $3,314, while Golden Gate has the lowest at $116. These variations can significantly impact homeowners, affecting their overall housing costs and financial planning. When compared to the national median property tax rate of 0.99%, Wayne County homeowners experience a broad spectrum of tax liabilities, underscoring the importance of understanding local tax assessments and potential exemptions.
Average Wayne County Tax Bill
$1,458
Average Illinois Tax Bill
$4,715
Average United States Tax Bill
$2,690
Property Tax Bills Across Wayne County, Illinois
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Barnhill | $209 | $542 | $1,587 | $3,140 | $5,102 |
| Bluford | $219 | $777 | $1,848 | $3,430 | $4,191 |
| Burnt Prairie | $944 | $1,226 | $1,663 | $3,298 | $5,349 |
| Cisne | N/A | N/A | N/A | N/A | N/A |
| Clay City | $737 | $1,410 | $2,116 | $3,765 | $6,511 |
| Dahlgren | $252 | $512 | $1,589 | $3,618 | $4,393 |
| Ellery | $170 | $802 | $1,310 | $2,318 | $2,761 |
| Fairfield | $238 | $573 | $1,509 | $2,808 | $4,184 |
| Flora | $1,290 | $1,306 | $1,332 | $1,359 | $1,375 |
| Geff | $200 | $661 | $1,272 | $2,211 | $3,648 |
| Golden Gate | $68 | $79 | $116 | $155 | $790 |
| Johnsonville | $442 | $610 | $1,617 | $3,058 | $5,441 |
| Keenes | $169 | $421 | $1,429 | $3,530 | $5,188 |
| Mount Erie | $219 | $421 | $1,350 | $2,518 | $5,148 |
| Noble | $656 | $1,398 | $3,314 | $4,131 | $5,030 |
| Olney | $2,343 | $2,343 | $2,343 | $2,343 | $2,343 |
| Rinard | $183 | $579 | $1,370 | $2,526 | $3,491 |
| Sims | $227 | $556 | $1,744 | $2,576 | $3,516 |
| Wayne City | $216 | $561 | $1,304 | $2,360 | $3,943 |
| Xenia | $242 | $637 | $1,492 | $2,707 | $3,969 |
Source: Ownwell