Metamora, Woodford County, Illinois Property Taxes

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

Median Metamora, IL effective property tax rate: 2.58%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Metamora, IL home value: $160,851
Median annual Metamora, IL tax bill: $3,944, $1,544 higher than the national median property tax bill of $2,400.

How are property taxes in Woodford calculated?

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

Last Updated March 1, 2025

Metamora, Woodford County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.58%

Estimate Property Tax Bill

$4,150

$3,851

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

By entering your property's estimated assessed value, our calculator applies Metamora’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 Woodford County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Metamora, Woodford County, Illinois

Local government entities set tax rates, which can vary widely within a state. This variation occurs because each county annually estimates its required budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is the annual process in a nutshell.

In Metamora, located in Woodford County, Illinois, property owners face a significant effective property tax rate of 2.58%. This rate is notably higher than both the Illinois median and the national median property tax rate of 1.02%. Consequently, residents in Metamora experience a higher property tax burden compared to many other regions across the country.

Comparing Metamora’s property tax rate with other cities in Illinois highlights the disparities in tax burdens within the state. For potential homeowners and investors, understanding these variations is crucial when considering property purchases. Navigating these differences effectively can result in significant savings and a more strategic approach to property investments.

Property Tax Rates Across Metamora, Woodford County, Illinois

Source: Ownwell

2.19%

2.38%

2.58%

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 Metamora Tax Rate

2.58%

Median Effective Woodford County Tax Rate

2.44%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Metamora, Woodford County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
61548	2.14%	2.37%	2.58%	2.77%	3.11%

Source: Ownwell

Property Tax Assessment Values Across Metamora, Woodford County, Illinois

When examining property taxes in Metamora, 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 Woodford 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 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 Metamora.

For example, the median home price in Metamora is $160,851, with tax bills ranging significantly across the county. Zip code 61548 has the highest median home price at $160,851.

Property Tax Assessment Values Across Metamora, Woodford County, Illinois

Source: Ownwell

$76,683

$160,575

$244,467

Median Metamora Market Value

$160,851

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 Metamora, Woodford County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
61548	$5,873	$94,953	$160,851	$227,175	$305,456

Source: Ownwell

Property Tax Bills Across Metamora, Woodford County, Illinois

In Metamora, located in Woodford County, IL, property tax bills are determined by the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value, resulting in the annual tax bill. Homeowners in Metamora face a median property tax bill of $3,944, which is significantly higher than the national median of $2,400. This can be attributed to the local tax rate and the assessed values of properties in the area. The tax bill can vary widely, with the 25th percentile at $2,218 and the 90th percentile reaching $7,826, reflecting differences in property values and local tax levies. Homeowners may feel the financial burden of these taxes, especially if they believe their property is over-assessed. This is where Ownwell can be of assistance. By providing expert property tax appeal and exemption services, Ownwell helps homeowners potentially lower their tax bills, ensuring they only pay what is fair and equitable.

Property Tax Bills Across Metamora, Woodford County, Illinois

Source: Ownwell

$1,648

$4,099

$6,549

Median Metamora Tax Bill

$3,944

Median Woodford County Tax Bill

$3,222

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Metamora, Woodford County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
61548	$199	$2,218	$3,944	$5,853	$7,826

Source: Ownwell