Pecatonica, Winnebago County, Illinois Property Taxes

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

Median Pecatonica, IL effective property tax rate: 2.43%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Pecatonica, IL home value: $132,000
Median annual Pecatonica, IL tax bill: $3,085, $685 higher than the national median property tax bill of $2,400.

How are property taxes in Winnebago County calculated?

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

Last Updated March 1, 2025

Pecatonica, Winnebago County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.43%

Estimate Property Tax Bill

$3,208

$2,977

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

Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting 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. In Pecatonica, located in Winnebago County, Illinois, the effective property tax rate is notably higher than the national median. Illinois is known for having some of the highest property tax rates in the country. Pecatonica's rate reflects this trend, making it essential for property owners to be vigilant about their property tax assessments. By understanding how these rates are determined and staying informed about local tax policies, property owners can better manage their financial obligations. Comparing Pecatonica’s effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S. highlights the significant variance in tax burdens across different regions.

Property Tax Rates Across Pecatonica, 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 Pecatonica Tax Rate

2.43%

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 Pecatonica, Winnebago County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
61063	1.57%	2.19%	2.43%	2.61%	2.90%

Source: Ownwell

Property Tax Assessment Values Across Pecatonica, Winnebago County, Illinois

When examining property taxes in Pecatonica, Illinois, 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 Pecatonica. For example, the median home price in Pecatonica is $132,000, with tax bills ranging significantly across the county. The 61063 zip code has the highest median home price at $132,000.

Property Tax Assessment Values Across Pecatonica, Winnebago County, Illinois

Source: Ownwell

$48,324

$139,401

$230,478

Median Pecatonica Market Value

$132,000

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 Pecatonica, Winnebago County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
61063	$74,292	$102,159	$132,000	$168,069	$216,057

Source: Ownwell

Property Tax Bills Across Pecatonica, Winnebago County, Illinois

In Pecatonica, located in Winnebago County, IL, property tax bills are calculated based on the assessed value of the home, which is determined by local assessors. The assessed value is typically a percentage of the market value, and the tax rate is applied to this value to calculate the annual tax bill. Homeowners in Pecatonica face a median property tax bill of $3,085, which is significantly higher than the national median of $2,400. Factors influencing the tax bill include the property's location, size, and market conditions. For those in the 25th percentile, tax bills can be as low as $2,137, while those in the 90th percentile might pay up to $5,475. This variability can impact homeowners' finances significantly. Ownwell offers property tax appeal services that can help homeowners in Pecatonica potentially reduce their tax burden by ensuring their property is fairly assessed. By leveraging local expertise, Ownwell can guide homeowners through the appeal process, potentially leading to significant savings on their property tax bills.

Property Tax Bills Across Pecatonica, Winnebago County, Illinois

Source: Ownwell

$1,249

$4,034

$6,818

Median Pecatonica Tax Bill

$3,085

Median Winnebago County Tax Bill

$3,116

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Pecatonica, Winnebago County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
61063	$1,036	$2,137	$3,085	$4,116	$5,475

Source: Ownwell