Davis Junction, Winnebago County, Illinois Property Taxes

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

Median Davis Junction, IL effective property tax rate: 2.49%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Davis Junction, IL home value: $146,528
Median annual Davis Junction, IL tax bill: $3,251, $851 higher than the national median property tax bill of $2,400.

How are property taxes in Winnebago calculated?

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

Last Updated March 1, 2025

Davis Junction, Winnebago County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.49%

Estimate Property Tax Bill

$3,649

$3,386

Ownwell’s Davis Junction Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Davis Junction with just two data points. By entering your property's estimated assessed value, our calculator applies Davis Junction’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 Davis Junction, Winnebago County, Illinois

Local government entities set tax rates, and these can vary significantly within Illinois. The process involves each county estimating its required budget for services and dividing that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is essentially how it works annually. In Davis Junction, located in Winnebago County, the effective property tax rate is notably higher than the national median. This makes it crucial for property owners to be aware of potential savings through tax appeals or exemptions. Compared to other cities in Illinois and the U.S., understanding the local tax landscape can help homeowners better manage their expenses. Being informed about these rates not only aids in financial planning but also empowers property owners to take action where possible to reduce their tax burdens.

Property Tax Rates Across Davis Junction, 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 Davis Junction Tax Rate

2.49%

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 Davis Junction, Winnebago County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
61020	1.63%	2.21%	2.49%	2.57%	2.79%

Source: Ownwell

Property Tax Assessment Values Across Davis Junction, Winnebago County, Illinois

When examining property taxes in Davis Junction, 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 Davis Junction. For example, the median home price in Davis Junction is $146,528, with tax bills ranging significantly across the county. Zip code 61020 has the highest median home price at $146,528.

Property Tax Assessment Values Across Davis Junction, Winnebago County, Illinois

Source: Ownwell

$48,324

$139,401

$230,478

Median Davis Junction Market Value

$146,528

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 Davis Junction, Winnebago County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
61020	$48,047	$83,343	$146,528	$189,913	$242,795

Source: Ownwell

Property Tax Bills Across Davis Junction, Winnebago County, Illinois

In Davis Junction, located in Winnebago County, IL, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Davis Junction is $146,528, and the property tax rate in Illinois is higher than the national median. Homeowners in this area face a median property tax bill significantly above the national median of $2,400. Factors influencing the tax bill include the property's assessed value, local tax rates, and applicable exemptions. With tax bills ranging from $1,937 at the 25th percentile to $6,198 at the 90th percentile, homeowners can experience varying financial impacts.

Ownwell assists homeowners by providing expert property tax appeal and exemption services. By analyzing property assessments and market trends, Ownwell identifies opportunities to reduce tax liabilities. This can result in significant savings, ensuring homeowners are not overpaying on their property taxes. With Ownwell's support, homeowners in Davis Junction can effectively manage their property tax expenses and potentially lower their annual tax bills.

Property Tax Bills Across Davis Junction, Winnebago County, Illinois

Source: Ownwell

$1,249

$4,034

$6,818

Median Davis Junction Tax Bill

$3,251

Median Winnebago County Tax Bill

$3,116

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Davis Junction, Winnebago County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
61020	$1,291	$1,937	$3,251	$4,752	$6,198

Source: Ownwell