Roscoe, Winnebago County, Illinois Property Taxes
Median Roscoe, IL effective property tax rate: 2.80%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Roscoe, IL home value: $193,718
Median annual Roscoe, IL tax bill: $5,341, $2,941 higher than the national median property tax bill of $2,400.
How are property taxes in Winnebago calculated?
Property taxes in Roscoe, 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 Roscoe’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Roscoe, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Roscoe, Winnebago County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.8%
Estimate Property Tax Bill
$5,424
$5,033
Property Tax Rates Across Roscoe, Winnebago County, Illinois
Local government entities in Illinois determine tax rates, leading to significant variation across the state. Annually, each county, including Winnebago, calculates its required budget for services and divides it by the total value of all taxable properties within its jurisdiction, resulting in the property tax rate. This process, though influenced by votes and laws, is essentially how tax rates and budgets are established each year.
Roscoe, located in Winnebago County, has an effective property tax rate of 2.80%, which is notably higher than the national median of 1.02%. This places Roscoe among the cities with the highest property tax rates in Illinois. The median property tax bill in Roscoe also exceeds the national median of $2,400, reflecting the higher tax rate.
Comparing Roscoe’s effective property tax rate to other cities in Illinois and the median rates in Illinois and the U.S. highlights the variability and impact of local tax policies. Understanding these differences can aid property owners in making informed decisions about property tax appeals and exemptions.
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 Roscoe Tax Rate
2.80%
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 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 Roscoe, Winnebago County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61073 | 2.23% | 2.64% | 2.80% | 2.97% | 3.06% |
Source: Ownwell
Property Tax Assessment Values Across Roscoe, Winnebago County, Illinois
When examining property taxes in Roscoe, 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 Roscoe.
For example, the median home price in Roscoe is $193,718, with tax bills ranging significantly across the county. 61073 has the highest median home price at $193,718.
Property Tax Assessment Values Across Roscoe, Winnebago County, Illinois
Source: Ownwell
$48,324
$139,401
$230,478
Median Roscoe Market Value
$193,718
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 Roscoe, Winnebago County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61073 | $117,436 | $162,690 | $193,718 | $254,015 | $346,732 |
Source: Ownwell
Property Tax Bills Across Roscoe, Winnebago County, Illinois
In Roscoe, located in Winnebago County, IL, property tax bills are determined by assessing the property's market value and applying the local tax rate. The assessed value is a percentage of the market value, which is then multiplied by the tax rate set by local authorities to calculate the annual property tax bill. Homeowners in Roscoe face a median property tax bill of $5,341, significantly higher than the national median of $2,400. The tax bill can range from $4,136 at the 25th percentile to $9,859 at the 90th percentile, indicating a wide variance based on property value and local levies.
This high tax burden can be challenging for homeowners, but Ownwell offers a solution. By leveraging expertise in property tax appeals and exemptions, Ownwell helps homeowners potentially reduce their tax bills. Our team reviews property assessments for inaccuracies, files appeals, and pursues exemptions where applicable, ensuring homeowners pay only their fair share. By partnering with Ownwell, Roscoe homeowners can navigate the complexities of property taxes and achieve significant savings.
Median Roscoe Tax Bill
$5,341
Median Winnebago County Tax Bill
$3,116
Median Illinois Tax Bill
$4,715
Median United States Tax Bill
$2,400
Property Tax Bills Across Roscoe, Winnebago County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61073 | $2,085 | $4,136 | $5,341 | $7,060 | $9,859 |
Source: Ownwell