New Haven, White County, Illinois Property Taxes

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

Median New Haven, IL effective property tax rate: 2.13%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median New Haven, IL home value: $45,530
Median annual New Haven, IL tax bill: $505, $1,895 lower than the national median property tax bill of $2,400.

How are property taxes in White County calculated?

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

Last Updated March 1, 2025

New Haven, White County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.13%

Estimate Property Tax Bill

$970

$900

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

Property Tax Rates Across New Haven, White County, Illinois

Local government entities are responsible for setting property tax rates, which can differ significantly within Illinois. This variation occurs because each county annually estimates its budgetary needs to provide essential services, dividing that total by the value of all taxable property in the area. This calculation determines the property tax rate. Although votes and laws play a role in setting these rates and budgets, this is essentially the yearly process. In New Haven, located in White County, the effective property tax rate stands out compared to other cities in Illinois. The median property tax rate in Illinois is notably higher than the national average, reflecting the state's reliance on property taxes for funding local services. While New Haven’s rate is consistent with the state’s median, it is still significantly above the national median of 1.02%. This means that homeowners in New Haven are likely to pay more in property taxes compared to the average U.S. homeowner, highlighting the importance of understanding and potentially appealing property assessments to manage tax liabilities effectively.

Property Tax Rates Across New Haven, White County, Illinois

Source: Ownwell

1.59%

1.94%

2.28%

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 New Haven Tax Rate

2.13%

Median Effective White County Tax Rate

1.88%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across New Haven, White County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62867	1.30%	1.70%	2.13%	2.13%	2.13%

Source: Ownwell

Property Tax Assessment Values Across New Haven, White County, Illinois

When examining property taxes in NEW HAVEN, 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 White County assessor 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: White County sends assessment notices in the spring each year, typically reaching your mailbox by the middle of May. 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 NEW HAVEN. For example, the median home price in NEW HAVEN is $45,530, with tax bills ranging significantly across the county. 62867 has the highest median home price at $45,530.

Property Tax Assessment Values Across New Haven, White County, Illinois

Source: Ownwell

$16,317

$37,758

$59,198

Median New Haven Market Value

$45,530

Median White County Market Value

$52,311

Median Illinois Market Value

$194,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across New Haven, White County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62867	$5,525	$10,259	$45,530	$86,608	$161,986

Source: Ownwell

Property Tax Bills Across New Haven, White County, Illinois

In New Haven, located in White County, IL, property tax bills are determined based on the assessed value of a home, which is a percentage of its market value. The median home price in this area is $45,530. Property tax rates are applied to the assessed value to calculate the annual tax bill. In New Haven, the median property tax bill is $505, significantly lower than the national median of $2,400. However, the tax bill can vary widely, with the 25th percentile at $191 and the 90th percentile reaching $3,492. Such variations can affect homeowners differently, often leading to unexpected financial burdens. Ownwell provides expert property tax appeal and exemption services to help homeowners potentially lower their tax bills. By analyzing local tax assessments and identifying discrepancies, Ownwell can assist homeowners in reducing their property tax liabilities, ensuring they only pay their fair share. This can result in significant savings, offering peace of mind and financial relief to property owners in New Haven.

Property Tax Bills Across New Haven, White County, Illinois

Source: Ownwell

$217

$630

$1,042

Median New Haven Tax Bill

$505

Median White County Tax Bill

$910

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across New Haven, White County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62867	$109	$191	$505	$1,335	$3,492

Source: Ownwell