Belvidere, Winnebago County, Illinois Property Taxes
Median Belvidere, IL effective property tax rate: 3.03%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Belvidere, IL home value: $225,375
Median annual Belvidere, IL tax bill: $6,818, $4,418 higher than the national median property tax bill of $2,400.
How are property taxes in Winnebago calculated?
Property taxes in Belvidere, 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 Belvidere’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Belvidere, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Belvidere, Winnebago County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
3.03%
Estimate Property Tax Bill
$6,829
$6,337
Property Tax Rates Across Belvidere, Winnebago County, Illinois
Local government entities are responsible for setting tax rates, which can vary significantly within a state. This variation occurs because each county annually estimates its required budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. Although votes and laws play a role in setting tax rates and budgets, this is essentially the annual process.
In Belvidere, located in Winnebago County, IL, the effective property tax rate stands at 3.03%, which is notably higher than the national median property tax rate of 1.02%. This high rate places Belvidere among the highest in the state. The local rate is influenced by the county's budgetary needs and the total assessed property value. When compared to other cities in Illinois, Belvidere's rate is quite significant, reflecting the specific fiscal requirements of the area. Understanding these dynamics can help property owners better navigate their tax obligations and explore potential savings through appeals or exemptions.
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 Belvidere Tax Rate
3.03%
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 Winnebago County Tax Rate
2.78%
Median Effective Illinois Tax Rate
2.35%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Belvidere, Winnebago County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61008 | 2.75% | 2.95% | 3.03% | 3.04% | 3.05% |
Source: Ownwell
Property Tax Assessment Values Across Belvidere, Winnebago County, Illinois
When examining property taxes in Belvidere, 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 Winnebago 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 Winnebago 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 Belvidere. For example, the median home price in Belvidere is $225,375, with tax bills ranging significantly across the county. ZIP code 61008 has the highest median home price at $225,375.
Property Tax Assessment Values Across Belvidere, Winnebago County, Illinois
Source: Ownwell
$48,324
$139,401
$230,478
Median Belvidere Market Value
$225,375
Median Winnebago County Market Value
$119,208
Median Illinois Market Value
$194,700
Median United States Market Value
$235,294
Property Tax Assessment Values Across Belvidere, Winnebago County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61008 | $180,822 | $211,290 | $225,375 | $236,772 | $242,562 |
Source: Ownwell
Property Tax Bills Across Belvidere, Winnebago County, Illinois
In Belvidere, located in Winnebago County, IL, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor. This assessed value is then multiplied by the local tax rate to determine the tax bill. Homeowners in this area experience a median property tax bill of $6,818, significantly higher than the national median of $2,400. Factors influencing the tax bill include the local government budget needs and the market value of the property. High property taxes can place a financial strain on homeowners, making it essential to explore ways to reduce these costs.
Ownwell provides a valuable service by assisting homeowners in appealing their property tax assessments and securing exemptions. By leveraging our expertise, homeowners can potentially lower their tax bills, ensuring they are not overpaying. Our team of professionals is dedicated to analyzing each case thoroughly, identifying opportunities for savings, and guiding homeowners through the appeal process to achieve the best possible outcome.
Median Belvidere Tax Bill
$6,818
Median Winnebago County Tax Bill
$3,116
Median Illinois Tax Bill
$4,715
Median United States Tax Bill
$2,400
Property Tax Bills Across Belvidere, Winnebago County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61008 | $5,174 | $5,975 | $6,818 | $7,204 | $7,350 |
Source: Ownwell