Rockton, Winnebago County, Illinois Property Taxes

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

Median Rockton, IL effective property tax rate: 2.70%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Rockton, IL home value: $187,910
Median annual Rockton, IL tax bill: $4,912, $2,512 higher than the national median property tax bill of $2,400.

How are property taxes in Winnebago calculated?

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

Last Updated March 1, 2025

Rockton, Winnebago County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.7%

Estimate Property Tax Bill

$5,074

$4,708

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

Local government entities set tax rates, which can vary widely within a state. This discrepancy arises because each year, counties estimate the budget needed to provide essential services and then divide this figure by the total value of all taxable property within their jurisdiction. This calculation determines the property tax rate. Although setting tax rates and budgets involves votes and laws, this is essentially the annual process.

In Rockton, located in Winnebago County, Illinois, the effective property tax rate is notably higher than the national median of 1.02%. This rate reflects the county's approach to balancing its budgetary needs with the total assessed property value. Illinois, in general, has some of the highest property tax rates in the nation, and Rockton is no exception. The rates in Rockton are consistent with the state’s median tax rate, showcasing the uniformity in tax assessments across the region. When compared to the U.S. median property tax bill of $2,400, Rockton's property tax obligations can be significantly more burdensome for homeowners, underscoring the importance of understanding local tax dynamics.

Property Tax Rates Across Rockton, 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 Rockton Tax Rate

2.70%

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 Rockton, Winnebago County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
61072	1.94%	2.50%	2.70%	2.87%	3.02%

Source: Ownwell

Property Tax Assessment Values Across Rockton, Winnebago County, Illinois

When examining property taxes in Rockton, 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 Rockton. For example, the median home price in Rockton is $187,910, with tax bills ranging significantly across the county. 61072 has the highest median home price at $187,910.

Property Tax Assessment Values Across Rockton, Winnebago County, Illinois

Source: Ownwell

$48,324

$139,401

$230,478

Median Rockton Market Value

$187,910

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 Rockton, Winnebago County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
61072	$119,412	$154,703	$187,910	$235,401	$287,680

Source: Ownwell

Property Tax Bills Across Rockton, Winnebago County, Illinois

In Rockton, located in Winnebago County, IL, property tax bills are calculated based on the assessed value of your home, which is determined by local assessors. The assessed value is then multiplied by the local tax rate to determine your tax bill. With a median home price of $187,910, homeowners in this area face a property tax bill that can range significantly. The 25th percentile tax bill is $3,689, while the 75th percentile reaches $6,488, and the 90th percentile can go as high as $8,018. This variation highlights the impact of factors such as property location and local tax rates on your tax obligations. Compared to the national median property tax bill of $2,400, Rockton's figures indicate a higher burden on homeowners. Ownwell can assist homeowners in Rockton by offering property tax appeal and exemption services, potentially reducing their tax bills. By leveraging expert knowledge and local insights, Ownwell helps ensure that homeowners pay only their fair share, providing relief and financial savings.

Property Tax Bills Across Rockton, Winnebago County, Illinois

Source: Ownwell

$1,249

$4,034

$6,818

Median Rockton Tax Bill

$4,912

Median Winnebago County Tax Bill

$3,116

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Rockton, Winnebago County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
61072	$2,376	$3,689	$4,912	$6,488	$8,018

Source: Ownwell