Durand, Winnebago County, Illinois Property Taxes

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

Median Durand, IL effective property tax rate: 2.51%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Durand, IL home value: $114,228
Median annual Durand, IL tax bill: $2,537, $137 higher than the national median property tax bill of $2,400.

How are property taxes in Winnebago calculated?

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

Last Updated March 1, 2025

Durand, Winnebago County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.51%

Estimate Property Tax Bill

$2,867

$2,661

Ownwell’s Durand Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Durand with just two data points. By entering your property's estimated assessed value, our calculator applies Durand’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. With a median property tax bill of $2,537 in Durand, residents face slightly higher taxes compared to the national median tax bill of $2,400. However, Durand’s property tax rate remains competitive, providing a balanced approach for homeowners and investors alike.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Durand, Winnebago County, Illinois

Local government entities set tax rates, which can vary widely within a state. Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its 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. Below, you can compare Durand’s effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S. Durand, located in Winnebago County, has an effective property tax rate of 2.51%, which is significantly higher than the national median property tax rate of 1.02%. This rate is consistent across the region, as both the highest and lowest median tax rates in the area are the same. Residents of Durand face a property tax rate that is more than double the national median, which reflects the unique budgetary needs and property value assessments of the county. Understanding these differences can help property owners in Durand better navigate their tax obligations.

Property Tax Rates Across Durand, 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 Durand Tax Rate

2.51%

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 Durand, Winnebago County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
61024	1.72%	2.31%	2.51%	2.82%	2.86%

Source: Ownwell

Property Tax Assessment Values Across Durand, Winnebago County, Illinois

When examining property taxes in Durand, 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 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 Durand.

For example, the median home price in Durand is $114,228, with tax bills ranging significantly across the county. The zip code 61024 has the highest median home price at $114,228.

Property Tax Assessment Values Across Durand, Winnebago County, Illinois

Source: Ownwell

$48,324

$139,401

$230,478

Median Durand Market Value

$114,228

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 Durand, Winnebago County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
61024	$11,313	$29,252	$114,228	$159,466	$214,719

Source: Ownwell

Property Tax Bills Across Durand, Winnebago County, Illinois

In Durand, located in Winnebago County, IL, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of the market value. For homeowners in Durand, the median property tax bill is $2,537, slightly above the national median of $2,400. Property taxes are influenced by local government budgets and the value of services provided, such as education and public safety. Homeowners in Durand experience tax bills ranging from $691 at the 25th percentile to $5,241 at the 90th percentile, reflecting the variation in property values and tax rates within the area. High property taxes can significantly affect homeowners, impacting their overall cost of living and home affordability. Ownwell offers property tax appeal and exemption services to help homeowners in Durand reduce their tax burden. By analyzing property assessments and identifying discrepancies, Ownwell assists in appealing for fairer tax rates, potentially saving homeowners significant money and ensuring they only pay their fair share.

Property Tax Bills Across Durand, Winnebago County, Illinois

Source: Ownwell

$1,249

$4,034

$6,818

Median Durand Tax Bill

$2,537

Median Winnebago County Tax Bill

$3,116

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Durand, Winnebago County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
61024	$34	$691	$2,537	$3,839	$5,241

Source: Ownwell