De Soto, Williamson County, Illinois Property Taxes

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

Median DE SOTO, IL effective property tax rate: 2.34%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median DE SOTO, IL home value: $33,315
Median annual DE SOTO, IL tax bill: $639, $1,761 lower than the national median property tax bill of $2,400.

How are property taxes in Williamson calculated?

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

Last Updated March 1, 2025

De Soto, Williamson County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.34%

Estimate Property Tax Bill

$780

$723

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

Property Tax Rates Across De Soto, Williamson County, Illinois

Local government entities set tax rates, which can vary widely within a state. Each year, counties estimate their required budget to provide services and divide that by the total value of all taxable property within their 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.

De Soto in Williamson County, Illinois, has an effective property tax rate of 2.34%, which is significantly higher than the national median property tax rate of 1.02%. This rate is consistent with the highest and lowest median tax rates within the zip code 62924, indicating a uniform tax rate across the area. Compared to other cities in Illinois, De Soto's rate aligns with the state's higher property tax trend, often attributed to the state's reliance on property taxes for funding local services. While Illinois residents may face higher property tax bills, these funds are crucial for maintaining essential services and infrastructure. Understanding these rates helps homeowners make informed decisions and explore potential exemptions or appeals to manage their tax liabilities effectively.

Property Tax Rates Across De Soto, Williamson County, Illinois

Source: Ownwell

1.88%

2.24%

2.59%

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 De Soto Tax Rate

2.34%

Median Effective Williamson County Tax Rate

2.30%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across De Soto, Williamson County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62924	0.91%	1.50%	2.34%	2.47%	2.47%

Source: Ownwell

Property Tax Assessment Values Across De Soto, Williamson County, Illinois

When examining property taxes in De Soto, 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 Williamson 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 Williamson County, assessment notices are sent in the spring each year. They’ll typically reach 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 De Soto. For example, the median home price in De Soto is $33,315, with tax bills ranging significantly across the county. Zip code 62924 has the highest median home price at $33,315.

Property Tax Assessment Values Across De Soto, Williamson County, Illinois

Source: Ownwell

$23,550

$71,490

$119,430

Median De Soto Market Value

$33,315

Median Williamson County Market Value

$85,800

Median Illinois Market Value

$194,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across De Soto, Williamson County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62924	$4,953	$16,695	$33,315	$67,192	$125,637

Source: Ownwell

Property Tax Bills Across De Soto, Williamson County, Illinois

In De Soto, Illinois, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the tax bill. In Williamson County, where De Soto is located, the median property tax bill is $639, significantly lower than the national median of $2,400. Several factors, such as property size, location, and improvements, influence the assessed value, impacting the homeowner's tax obligation.

Homeowners in De Soto may find their tax bills varying widely, with the 25th percentile at $216 and the 90th percentile at $2,633. This disparity highlights the importance of ensuring an accurate assessment. Ownwell assists homeowners by reviewing assessments, identifying inaccuracies, and filing appeals to potentially reduce tax liabilities. By leveraging expertise in property tax laws and local market conditions, Ownwell can help homeowners achieve substantial savings on their property tax bills, ensuring they only pay their fair share.

Property Tax Bills Across De Soto, Williamson County, Illinois

Source: Ownwell

$345

$1,478

$2,611

Median De Soto Tax Bill

$639

Median Williamson County Tax Bill

$1,802

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across De Soto, Williamson County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62924	$83	$216	$639	$1,302	$2,633

Source: Ownwell