Woodford County, Illinois Property Taxes
Median Woodford County effective property tax rate: 2.44%, significantly higher than the national median of 1.02%.
Median Woodford County home value: $138,837
Median annual Woodford County tax bill: $3,222, $822 higher than the national median property tax bill of $2,400.
How are property taxes in Woodford County calculated?
Property taxes in Woodford County 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 your county's property tax system, exemptions, and reduction opportunities can lead to significant savings. Whether you live in Eureka or another part of Woodford County, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Woodford County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.44%
Estimate Property Tax Bill
$3,388
$3,144
Ownwell’s Woodford County Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Woodford County with just two data points.
By entering your property's estimated assessed value, our calculator applies Woodford County’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 more 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 Woodford County.
For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across Woodford County, Illinois
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 Woodford County Tax Rate
2.44%
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 Illinois Tax Rate
2.35%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Woodford County, Illinois
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Benson | 1.71% | 2.08% | 2.27% | 2.47% | 2.72% |
| Carlock | 1.97% | 2.10% | 2.24% | 2.35% | 2.48% |
| Congerville | 1.92% | 2.07% | 2.22% | 2.29% | 2.47% |
| Deer Creek | 1.94% | 2.07% | 2.21% | 2.27% | 2.53% |
| East Peoria | 1.95% | 2.22% | 2.39% | 2.60% | 2.67% |
| El Paso | 1.96% | 2.30% | 2.46% | 2.74% | 2.83% |
| Eureka | 1.91% | 2.17% | 2.34% | 2.47% | 2.69% |
| Germantown Hills | 2.24% | 2.45% | 2.57% | 2.65% | 2.69% |
| Goodfield | 1.77% | 2.04% | 2.19% | 2.27% | 2.43% |
| Hudson | 2.15% | 2.30% | 2.39% | 2.44% | 2.52% |
| Kappa | 1.46% | 2.11% | 2.39% | 2.53% | 2.74% |
| Lowpoint | 1.67% | 2.01% | 2.32% | 2.61% | 2.65% |
| Metamora | 2.14% | 2.37% | 2.58% | 2.77% | 3.11% |
| Minonk | 1.80% | 2.26% | 2.54% | 3.01% | 3.01% |
| Panola | 2.04% | 2.18% | 2.39% | 2.69% | 2.83% |
| Roanoke | 1.89% | 2.31% | 2.54% | 2.73% | 3.05% |
| Secor | 1.92% | 2.14% | 2.32% | 3.19% | 3.19% |
| Spring Bay | 1.76% | 2.10% | 2.37% | 2.69% | 2.69% |
| Washburn | 1.73% | 2.23% | 2.53% | 3.13% | 3.13% |
| Dana | N/A | N/A | N/A | N/A | N/A |
| Danvers | N/A | N/A | N/A | N/A | N/A |
| Flanagan | N/A | N/A | N/A | N/A | N/A |
| Gridley | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Woodford County, Illinois
When examining property taxes in Woodford County, 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 Woodford County assessment office 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 Woodford 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 Woodford County.
For example, the median tax bill in Woodford County is $3,340, with tax bills ranging significantly across the county. Hudson has the highest median home price at $244,467.
Property Tax Assessment Values Across Woodford County, Illinois
Source: Ownwell
$76,683
$160,575
$244,467
Median Woodford County Market Value
$138,837
Median Illinois Market Value
$194,700
Median United States Market Value
$235,294
Property Tax Assessment Values Across Woodford County, Illinois
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Benson | $38,781 | $71,235 | $106,080 | $148,818 | $196,851 |
| Carlock | $6,646 | $40,676 | $178,392 | $274,378 | $355,543 |
| Congerville | $5,783 | $58,857 | $176,628 | $257,886 | $335,918 |
| Deer Creek | $16,804 | $171,199 | $224,636 | $252,076 | $311,717 |
| East Peoria | $12,391 | $84,855 | $146,655 | $210,675 | $272,558 |
| El Paso | $12,360 | $74,963 | $122,706 | $185,135 | $259,737 |
| Eureka | $8,832 | $92,454 | $144,828 | $192,062 | $246,629 |
| Germantown Hills | $130,492 | $180,615 | $227,196 | $295,268 | $346,942 |
| Goodfield | $31,972 | $111,524 | $180,123 | $255,872 | $307,154 |
| Hudson | $100,461 | $206,073 | $244,467 | $277,401 | $291,870 |
| Kappa | $30,160 | $73,034 | $113,565 | $148,726 | $167,362 |
| Lowpoint | $17,298 | $46,060 | $87,576 | $147,795 | $204,614 |
| Metamora | $5,873 | $94,953 | $160,851 | $227,175 | $305,456 |
| Minonk | $12,345 | $47,273 | $89,860 | $136,696 | $190,208 |
| Panola | $9,043 | $49,998 | $114,630 | $166,908 | $185,101 |
| Roanoke | $21,110 | $61,908 | $102,585 | $145,690 | $197,619 |
| Secor | $4,535 | $26,870 | $78,711 | $187,982 | $300,714 |
| Spring Bay | $5,857 | $43,365 | $76,683 | $114,807 | $148,865 |
| Washburn | $7,921 | $44,445 | $78,014 | $116,685 | $164,324 |
| Dana | N/A | N/A | N/A | N/A | N/A |
| Danvers | N/A | N/A | N/A | N/A | N/A |
| Flanagan | N/A | N/A | N/A | N/A | N/A |
| Gridley | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Woodford County, Illinois
In Woodford County, IL, property tax bills are determined by assessing the value of a property and applying the local tax rate. The median home price in the county is $138,837. Homeowners in Woodford County face a range of tax bills, with the 25th percentile at $1,636 and the 75th percentile reaching $5,043. For those in the 90th percentile, tax bills can rise to $7,068. Compared to the national median property tax bill of $2,400, Woodford County's tax bills can vary significantly, potentially impacting homeowners' budgets.
Factors influencing tax bills include the property's assessed value and the specific tax rate set by local authorities. The highest median tax bill in the region is found in Hudson, at $6,549, while Spring Bay offers some relief with the lowest median tax bill of $1,648. These variations can affect homeowners differently, depending on their property's assessed value and location within the county, highlighting the importance of understanding local tax regulations and potential exemptions to manage financial obligations effectively.
Median Woodford County Tax Bill
$3,222
Median Illinois Tax Bill
$4,715
Median United States Tax Bill
$2,400
Property Tax Bills Across Woodford County, Illinois
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Benson | $722 | $1,409 | $2,276 | $3,400 | $4,674 |
| Carlock | $152 | $973 | $3,926 | $6,007 | $8,205 |
| Congerville | $199 | $1,316 | $3,709 | $5,628 | $7,486 |
| Deer Creek | $1,211 | $3,407 | $4,944 | $5,871 | $6,955 |
| East Peoria | $333 | $1,766 | $3,256 | $4,974 | $6,599 |
| El Paso | $330 | $1,590 | $2,871 | $4,473 | $6,363 |
| Eureka | $231 | $1,889 | $3,216 | $4,454 | $5,741 |
| Germantown Hills | $2,943 | $4,291 | $5,616 | $7,654 | $9,217 |
| Goodfield | $979 | $2,189 | $3,894 | $5,601 | $6,841 |
| Hudson | $4,866 | $5,377 | $6,549 | $6,721 | $7,030 |
| Kappa | $476 | $1,464 | $2,552 | $3,573 | $3,947 |
| Lowpoint | $389 | $873 | $1,861 | $3,185 | $4,630 |
| Metamora | $199 | $2,218 | $3,944 | $5,853 | $7,826 |
| Minonk | $356 | $1,047 | $2,050 | $3,333 | $4,920 |
| Panola | $256 | $1,159 | $2,731 | $3,938 | $4,479 |
| Roanoke | $529 | $1,442 | $2,476 | $3,607 | $5,195 |
| Secor | $131 | $755 | $2,001 | $4,154 | $6,581 |
| Spring Bay | $147 | $743 | $1,648 | $2,514 | $3,518 |
| Washburn | $213 | $941 | $1,872 | $2,873 | $4,063 |
| Dana | N/A | N/A | N/A | N/A | N/A |
| Danvers | N/A | N/A | N/A | N/A | N/A |
| Flanagan | N/A | N/A | N/A | N/A | N/A |
| Gridley | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell