Ellery, Wayne County, Illinois Property Taxes

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

Median Ellery, IL effective property tax rate: 1.71%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Ellery, IL home value: $67,581
Median annual Ellery, IL tax bill: $1,310, $1,090 lower than the national median property tax bill of $2,400.

How are property taxes in Wayne County calculated?

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

Last Updated March 1, 2025

Ellery, Wayne County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.71%

Estimate Property Tax Bill

$1,156

$1,072

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

Property Tax Rates Across Ellery, Wayne County, Illinois

Local government entities are responsible for setting tax rates, which can vary significantly within a state. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is the annual process in a nutshell.

Comparing Ellery's effective property tax rate to other cities in Illinois, you'll notice that Ellery, located in Wayne County, experiences a notable rate of 1.71%. This rate stands out when compared to the national median property tax rate of 1.02%. Illinois, as a state, tends to have higher property tax rates, and Ellery exemplifies this trend. The median property tax bill in Ellery also surpasses the national median bill of $2,400, reflecting the higher tax rate. Understanding these differences can help property owners in Ellery make informed decisions about their property tax appeals and exemptions.

Property Tax Rates Across Ellery, Wayne County, Illinois

Source: Ownwell

1.71%

1.93%

2.16%

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 Ellery Taxx Rate

1.71%

Median Effective Wayne County Taxx Rate

2.01%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

0.99%

Property Tax Rates Across Ellery, Wayne County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62833	0.43%	1.24%	1.71%	1.98%	2.03%

Source: Ownwell

Property Tax Assessment Values Across Ellery, Wayne County, Illinois

When examining property taxes in Ellery, 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 Wayne 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.

In Wayne 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 Ellery.

For example, the median home price in Ellery is $67,581, with tax bills ranging significantly across the county. Zip code 62833 has the highest median home price at $67,581.

Property Tax Assessment Values Across Ellery, Wayne County, Illinois

Source: Ownwell

$55,174

$78,362

$101,550

Median Ellery Market Value

$67,581

Median Wayne County Market Value

$66,714

Median Illinois Market Value

$194,700

Median United States Market Value

$244,900

Property Tax Assessment Values Across Ellery, Wayne County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62833	$30,531	$49,203	$67,581	$121,578	$140,975

Source: Ownwell

Property Tax Bills Across Ellery, Wayne County, Illinois

In Ellery, located in Wayne County, IL, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in this area is $67,581, and property tax bills reflect this valuation. The tax bill for the 25th percentile is $802, while the 75th percentile sees a tax bill of $2,318. For those at the 90th percentile, the tax bill can reach $2,761. These figures are notably lower than the national median property tax bill of $2,400, offering some relief to homeowners in Ellery. However, homeowners can still benefit from ensuring their property is not over-assessed. Ownwell specializes in property tax appeal and exemption services, helping homeowners potentially lower their tax bills. By analyzing property assessments and identifying discrepancies, Ownwell can assist in reducing the financial burden of property taxes, ensuring homeowners pay only their fair share.

Property Tax Bills Across Ellery, Wayne County, Illinois

Source: Ownwell

$1,272

$1,694

$2,116

Median Ellery Tax Bill

$1,310

Median Wayne County Tax Bill

$1,458

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,690

Property Tax Bills Across Ellery, Wayne County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62833	$170	$802	$1,310	$2,318	$2,761

Source: Ownwell