Caledonia, Winnebago County, Illinois Property Taxes

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

Median Caledonia, IL effective property tax rate: 2.67%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Caledonia, IL home value: $216,120
Median annual Caledonia, IL tax bill: $5,514, $3,114 higher than the national median property tax bill of $2,400.

How are property taxes in Winnebago calculated?

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

Last Updated March 1, 2025

Caledonia, Winnebago County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.67%

Estimate Property Tax Bill

$5,770

$5,355

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

Property Tax Rates Across Caledonia, Winnebago County, Illinois

Local government entities are responsible for setting property tax rates, and these rates can differ significantly across Illinois. Each year, counties like Winnebago estimate their budgetary needs for public services and divide this by the total assessed value of all taxable properties in their area. This calculation determines the property tax rate. Although setting these rates involves votes and legislative measures, this is essentially how the annual process unfolds. In Caledonia, part of Winnebago County, the effective property tax rate stands at 2.67%. This is notably higher than the national median property tax rate of 1.02%. Comparing this to the state of Illinois, Caledonia's rate is reflective of the highest median property tax rate within the state, which is also 2.67%. Understanding these figures can help residents and property owners in Caledonia make informed decisions about their property tax obligations.

Property Tax Rates Across Caledonia, Winnebago County, Illinois

Source: Ownwell

2.30%

2.80%

3.30%

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 Caledonia Tax Rate

2.67%

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 Caledonia, Winnebago County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
61011	2.21%	2.45%	2.67%	2.73%	2.87%

Source: Ownwell

Property Tax Assessment Values Across Caledonia, Winnebago County, Illinois

When examining property taxes in Caledonia, 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 Assessor's Office 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 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 Caledonia.

For example, the median home price in Caledonia is $216,120, with tax bills ranging significantly across the county. Zip code 61011 has the highest median home price at $216,120.

Property Tax Assessment Values Across Caledonia, Winnebago County, Illinois

Source: Ownwell

$48,324

$139,401

$230,478

Median Caledonia Market Value

$216,120

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 Caledonia, Winnebago County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
61011	$149,523	$186,366	$216,120	$243,140	$273,644

Source: Ownwell

Property Tax Bills Across Caledonia, Winnebago County, Illinois

In Caledonia, Winnebago County, IL, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is a percentage of the home's market value and is multiplied by the local tax rate to determine the tax bill. In this area, property tax bills can range significantly, with the 25th percentile at $4,379 and the 75th percentile at $6,461. The highest and lowest median tax bill is $5,514, indicating a notable variance in tax obligations across different properties. These taxes can significantly impact homeowners, often representing a substantial annual expense. With the national median property tax bill at $2,400, homeowners in Caledonia face higher financial burdens. Ownwell can assist homeowners by providing property tax appeal and exemption services, potentially reducing these burdens. By analyzing property assessments and identifying discrepancies, Ownwell helps homeowners secure fairer tax bills, ensuring they don't overpay.

Property Tax Bills Across Caledonia, Winnebago County, Illinois

Source: Ownwell

$1,249

$4,034

$6,818

Median Caledonia Tax Bill

$5,514

Median Winnebago County Tax Bill

$3,116

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Caledonia, Winnebago County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
61011	$2,987	$4,379	$5,514	$6,461	$7,433

Source: Ownwell