South Beloit, Winnebago County, Illinois Property Taxes

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

Median South Beloit, IL effective property tax rate: 2.60%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median South Beloit, IL home value: $145,784
Median annual South Beloit, IL tax bill: $3,515, $1,115 higher than the national median property tax bill of $2,400.

How are property taxes in Winnebago County calculated?

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

Last Updated March 1, 2025

South Beloit, Winnebago County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.6%

Estimate Property Tax Bill

$3,790

$3,517

Ownwell’s South Beloit Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in South Beloit with just two data points.

By entering your property's estimated assessed value, our calculator applies South Beloit’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 South Beloit, Winnebago County, Illinois

Local government entities set tax rates, which can vary widely within a state. 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 South Beloit’s effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S. South Beloit, located in Winnebago County, has a property tax rate of 2.60%, which is significantly higher than the national median of 1.02%. This rate is the highest and lowest within the county, indicating uniformity in tax rates for this area. The median tax bill in South Beloit reflects this higher rate, and property owners may find it beneficial to explore tax appeal options to potentially lower their tax liabilities.

Property Tax Rates Across South Beloit, 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 South Beloit Tax Rate

2.60%

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 South Beloit, Winnebago County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
61080	1.54%	2.25%	2.60%	2.79%	2.88%

Source: Ownwell

Property Tax Assessment Values Across South Beloit, Winnebago County, Illinois

When examining property taxes in South Beloit, 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 the season. 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 South Beloit. For example, the median home price in South Beloit is $145,784, with tax bills ranging significantly across the county. Zip code 61080 has the highest median home price at $145,784.

Property Tax Assessment Values Across South Beloit, Winnebago County, Illinois

Source: Ownwell

$48,324

$139,401

$230,478

Median South Beloit Market Value

$145,784

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 South Beloit, Winnebago County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
61080	$48,680	$79,283	$145,784	$172,197	$249,718

Source: Ownwell

Property Tax Bills Across South Beloit, Winnebago County, Illinois

In South Beloit, located in Winnebago County, IL, property tax bills are calculated based on assessed property values and the local tax rate. The assessed value is typically a percentage of the property's market value, and this figure is then multiplied by the tax rate to determine the annual tax bill. Homeowners in South Beloit experience varying tax bills, with amounts ranging from $1,673 at the 25th percentile to $6,549 at the 90th percentile. The median home price in the area is $145,784, and the median property tax bill sits at $3,515, which is significantly higher than the national median property tax bill of $2,400. This can pose a financial burden on homeowners, making it crucial to ensure that tax assessments are accurate. Ownwell can assist homeowners by reviewing their property tax assessments and identifying potential errors or discrepancies. By filing appeals and seeking exemptions where applicable, Ownwell helps clients potentially lower their property tax bills, providing relief and savings in an otherwise costly environment.

Property Tax Bills Across South Beloit, Winnebago County, Illinois

Source: Ownwell

$1,249

$4,034

$6,818

Median South Beloit Tax Bill

$3,515

Median Winnebago County Tax Bill

$3,116

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across South Beloit, Winnebago County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
61080	$780	$1,673	$3,515	$4,533	$6,549

Source: Ownwell