Keenes, Wayne County, Illinois Property Taxes

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

Median Keenes, IL effective property tax rate: 2.10%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Keenes, IL home value: $55,174
Median annual Keenes, IL tax bill: $1,429, $971 lower than the national median property tax bill of $2,400.

How are property taxes in Wayne County calculated?

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

Last Updated March 1, 2025

Keenes, Wayne County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.1%

Estimate Property Tax Bill

$1,159

$1,075

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

By entering your property's estimated assessed value, our calculator applies Keenes’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 Keenes, Wayne County, Illinois

Local government entities set tax rates, which can vary widely within a state. Why? 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. Below, you can compare Keenes’s effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S. The median property tax rate in Illinois is 2.10%, significantly higher than the national median of 1.02%. Within Wayne County, Keenes also reflects this rate, making it one of the areas with the highest median tax rate in the state. This implies that homeowners in Keenes may face higher property tax bills compared to the national median of $2,400. Understanding these rates is crucial for homeowners seeking to manage their property expenses effectively.

Property Tax Rates Across Keenes, 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 Keenes Taxx Rate

2.10%

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 Keenes, Wayne County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62851	0.51%	1.56%	2.10%	2.44%	3.96%

Source: Ownwell

Property Tax Assessment Values Across Keenes, Wayne County, Illinois

When examining property taxes in Keenes, 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. Assessment notices: 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 Keenes. For example, the median home price in Keenes is $55,174, with tax bills ranging significantly across the county. 62851 has the highest median home price at $55,174.

Property Tax Assessment Values Across Keenes, Wayne County, Illinois

Source: Ownwell

$55,174

$78,362

$101,550

Median Keenes Market Value

$55,174

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 Keenes, Wayne County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62851	$10,660	$27,545	$55,174	$144,816	$221,002

Source: Ownwell

Property Tax Bills Across Keenes, Wayne County, Illinois

In Keenes, located in Wayne County, IL, property tax bills are calculated by applying the local tax rate to the assessed value of a property. The assessed value is typically a percentage of the property's market value, determined by local assessments. Factors such as property size, location, and improvements can influence the market value. With a median home price of $55,174, homeowners in Keenes face tax bills that can vary significantly. For instance, the 25th percentile tax bill is $421, while the 75th percentile reaches $3,530. This variation highlights the potential financial impact on homeowners. Compared to the national median property tax rate of 1.02% and a median bill of $2,400, Keenes' property tax rates can be relatively high for some homeowners. Ownwell offers services to help homeowners in Keenes reduce their property tax bills by identifying errors in assessments and filing appeals. By leveraging expert knowledge, Ownwell can assist homeowners in potentially lowering their tax obligations, providing much-needed financial relief.

Property Tax Bills Across Keenes, Wayne County, Illinois

Source: Ownwell

$1,272

$1,694

$2,116

Median Keenes Tax Bill

$1,429

Median Wayne County Tax Bill

$1,458

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,690

Property Tax Bills Across Keenes, Wayne County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62851	$169	$421	$1,429	$3,530	$5,188

Source: Ownwell