Winnebago, Winnebago County, Illinois Property Taxes

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

Median Winnebago, IL effective property tax rate: 2.67%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Winnebago, IL home value: $167,832
Median annual Winnebago, IL tax bill: $4,398, $1,998 higher than the national median property tax bill of $2,400.

How are property taxes in Winnebago calculated?

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

Last Updated March 1, 2025

Winnebago, Winnebago County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.67%

Estimate Property Tax Bill

$4,481

$4,158

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

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

Local government entities within Illinois set property tax rates, which can vary widely across the state. Each year, counties estimate their budgetary needs to provide essential services and divide this by the total value of all taxable property in their jurisdiction. This calculation determines the property tax rate. Although votes and laws play a role in setting these rates and budgets, this is essentially the annual process.

In Winnebago County, the effective property tax rate stands out in comparison to other cities in Illinois and the national average. The median property tax rate in Winnebago is significantly higher than the national median. This means that homeowners in Winnebago can expect to pay a larger portion of their property’s assessed value in taxes compared to the average U.S. homeowner. Such a difference can impact the overall affordability and desirability of living in Winnebago. Understanding these rates is crucial for property owners, as they directly affect annual tax bills and, ultimately, household budgets. By being informed about local property tax trends, homeowners can make better financial decisions and potentially explore opportunities for appealing or reducing their property tax liabilities.

Property Tax Rates Across Winnebago, 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 Winnebago Tax Rate

2.67%

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 Winnebago, Winnebago County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
61088	2.16%	2.42%	2.67%	2.99%	3.12%

Source: Ownwell

Property Tax Assessment Values Across Winnebago, Winnebago County, Illinois

When examining property taxes in Winnebago, 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. Assessment notices: 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 Winnebago. For example, the median home price in Winnebago is $167,832, with tax bills ranging significantly across the county. ZIP code 61088 has the highest median home price at $167,832.

Property Tax Assessment Values Across Winnebago, Winnebago County, Illinois

Source: Ownwell

$48,324

$139,401

$230,478

Median Winnebago Market Value

$167,832

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 Winnebago, Winnebago County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
61088	$32,942	$131,301	$167,832	$205,917	$255,203

Source: Ownwell

Property Tax Bills Across Winnebago, Winnebago County, Illinois

In Winnebago, IL, property tax bills are calculated based on the assessed value of a home, which is a percentage of the property's market value. With a median home price of $167,832, homeowners in Winnebago face a median property tax bill significantly higher than the national median of $2,400. Tax bills in this area range widely, with the 25th percentile at $3,236 and the 75th percentile reaching $5,623. The highest median tax bill in Winnebago is $4,398, notably above the national average. These figures highlight the financial impact property taxes can have on homeowners. Factors influencing the tax bill include the local tax rate and the assessed value of the property. Homeowners can find themselves burdened by these expenses, but Ownwell offers a solution. By providing expert property tax appeal and exemption services, Ownwell can help homeowners potentially lower their tax bills, ensuring they pay no more than necessary. This service can lead to significant savings, alleviating the financial strain on property owners.

Property Tax Bills Across Winnebago, Winnebago County, Illinois

Source: Ownwell

$1,249

$4,034

$6,818

Median Winnebago Tax Bill

$4,398

Median Winnebago County Tax Bill

$3,116

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Winnebago, Winnebago County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
61088	$8	$3,236	$4,398	$5,623	$7,064

Source: Ownwell