Sims, Wayne County, Illinois Property Taxes

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

Median SIMS, IL effective property tax rate: 2.16%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median SIMS, IL home value: $66,861
Median annual SIMS, IL tax bill: $1,744, $656 lower than the national median property tax bill of $2,400.

How are property taxes in Wayne County calculated?

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

Last Updated March 1, 2025

Sims, Wayne County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.16%

Estimate Property Tax Bill

$1,444

$1,340

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

Property Tax Rates Across Sims, Wayne County, Illinois

Local government entities are responsible for setting property tax rates, which can differ significantly within a state. This variation occurs because each county annually estimates its required budget to deliver essential services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While the process involves votes and legal frameworks, this is essentially how property tax rates are determined each year. In Sims, located in Wayne County, Illinois, the effective property tax rate is notably higher than the national median. This rate is consistent across the county, highlighting a uniformity that contrasts with the typical variation seen in other regions. Comparing Sims’ tax rate to other cities in Illinois reveals that it stands at the higher end of the spectrum. Despite the higher tax rate, the funds collected are crucial for maintaining local services and infrastructure, ensuring the community's quality of life.

Property Tax Rates Across Sims, 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 Sims Taxx Rate

2.16%

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 Sims, Wayne County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62886	0.86%	1.55%	2.16%	2.47%	2.66%

Source: Ownwell

Property Tax Assessment Values Across Sims, Wayne County, Illinois

When examining property taxes in Sims, 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 Sims.

For example, the median home price in Sims is $66,861, with tax bills ranging significantly across the county. Zip code 62886 has the highest median home price at $66,861.

Property Tax Assessment Values Across Sims, Wayne County, Illinois

Source: Ownwell

$55,174

$78,362

$101,550

Median Sims Market Value

$66,861

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 Sims, Wayne County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62886	$5,925	$18,926	$66,861	$114,478	$154,575

Source: Ownwell

Property Tax Bills Across Sims, Wayne County, Illinois

In Sims, located in Wayne County, IL, property tax bills are determined by assessing the property's market value and applying the local tax rate. The median home price here is $66,861, and the tax rate is applied to this assessed value to calculate the tax bill. The tax bill can vary significantly depending on the property's assessed value and the specific tax rate set by local authorities. For instance, the 25th percentile tax bill is $556, while the 75th percentile reaches $2,576, and the 90th percentile climbs to $3,516. This variation indicates how different factors, such as property location and improvements, can influence the tax bill. Homeowners in Sims may find their property taxes higher than the national median tax bill of $2,400, despite the local median tax bill being $1,744. Ownwell helps homeowners by providing property tax appeal services, potentially reducing their tax burden. By analyzing property assessments and market values, Ownwell identifies opportunities for savings, ensuring homeowners only pay their fair share.

Property Tax Bills Across Sims, Wayne County, Illinois

Source: Ownwell

$1,272

$1,694

$2,116

Median Sims Tax Bill

$1,744

Median Wayne County Tax Bill

$1,458

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,690

Property Tax Bills Across Sims, Wayne County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62886	$227	$556	$1,744	$2,576	$3,516

Source: Ownwell