Walnut, Bureau County, Illinois Property Taxes

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Property Taxes in Walnut, Illinois

Median Walnut, Illinois effective property tax rate: 2.35%, significantly higher than the national median of 1.02%, and higher than the Illinois state median of 2.33%.
Median Walnut, Illinois home value: $103,072
Median annual Walnut, Illinois tax bill: $2,252, $148 lower than the national median property tax bill of $2,400.

How are property taxes in Bureau calculated?

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

Last Updated April 13, 2026

Walnut, Bureau County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.35%

Estimate Property Tax Bill

$2,422

$2,248

How Does the Walnut Property Tax Calculator Work?

Use this Walnut property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Walnut's median effective tax rate of 2.35% — based on actual property records in Bureau County — to generate your estimate.

Enter your property's estimated assessed value — the figure the local assessment district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Walnut's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.

Your bill may vary by ZIP code within Walnut: rates range from 2.35% in 61376 to 2.35% in 61376, primarily due to differences in school district levies and local assessment districts.

For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Walnut.

About Walnut Property Taxes

About Property Taxes in Walnut, Bureau, Illinois

Walnut's median effective property tax rate of 2.35% is higher than the Illinois state median of 2.33% and higher than the national median of 1.02%. This rate reflects the Bureau County base levy combined with local school district levies and special service areas that vary by subdivision throughout the city.

Property tax rates are not uniform across Walnut. Homeowners in the 61376 ZIP code carry a median effective rate of 2.35%, while those in the same ZIP code also pay 2.35%. This spread reflects how school district boundaries and local assessment districts are drawn across Bureau County. Understanding which part of Walnut you live in can make a meaningful difference to your annual tax bill.

Walnut homeowners who believe their assessed value is too high can file a formal appeal with the local Tax Assessor before the January 1, 1900 deadline each year.

If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.

Property Tax Rates Across Walnut, Bureau County, Illinois

As noted earlier, local government entities set tax rates, which can vary widely within a state.

Why? Because 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 Walnut's effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S.

Property Tax Rates Across Walnut, Bureau County, Illinois

Source: Ownwell

1.62%

2.27%

2.92%

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 Walnut Tax Rate

2.35%

Median Effective Bureau County Tax Rate

2.27%

Median Effective Illinois Tax Rate

2.33%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Walnut, Bureau County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
61376	1.35%	1.95%	2.35%	2.61%	3.00%

Source: Ownwell

Property Tax Assessment Values Across Walnut, Bureau County, Illinois

When examining property taxes in Walnut, Illinois, 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 Bureau County assessor 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 Bureau County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of the month when notices are sent.

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 Walnut.

For example, the median home price in Walnut is $103,072, with tax bills ranging significantly across the county. 61376 has the highest median home price at $103,072.

Property Tax Assessment Values Across Walnut, Bureau County, Illinois

Source: Ownwell

$46,100

$145,140

$244,179

Median Walnut Market Value

$103,072

Median Bureau County Market Value

$105,186

Median Illinois Market Value

$227,888

Median United States Market Value

$235,294

Property Tax Assessment Values Across Walnut, Bureau County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
61376	$45,069	$66,590	$103,072	$145,816	$186,708

Source: Ownwell

Property Tax Bills Across Walnut, Bureau County, Illinois

Property tax bills in Walnut are based on the assessed value of a home and the local tax rates set by taxing authorities in Bureau County. When a home’s market value changes, the assessed value can change too, which may raise or lower the tax bill. Local budgets for schools, roads, and other services also affect the final amount homeowners owe.

With a median home price of $103,072, property taxes can be a meaningful part of owning a home in Walnut. The typical tax bill is $2,252, and bills can vary widely depending on the home and location. The 25th percentile tax bill is $1,324, while the 75th percentile is $3,398 and the 90th percentile reaches $4,493.

For homeowners, this means property taxes are not fixed and can shift over time as values and local rates change. Understanding how the bill is calculated can help homeowners better anticipate costs and see whether their tax burden matches their home’s assessed value.

Property Tax Bills Across Walnut, Bureau County, Illinois

Source: Ownwell

$736

$2,715

$4,693

Median Walnut Tax Bill

$2,252

Median Bureau County Tax Bill

$2,296

Median Illinois Tax Bill

$5,277

Median United States Tax Bill

$2,400

Property Tax Bills Across Walnut, Bureau County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
61376	$728	$1,324	$2,252	$3,398	$4,493

Source: Ownwell

Don't miss the deadline to appeal!

Dates
Appeal Deadline	January 1

Links
Bureau Tax Assessor
Website	propertytaxonline.org

Frequently Asked Property Tax Questions in Walnut, Illinois

How are property taxes calculated in Walnut, Illinois?

Property taxes in Walnut, Illinois are calculated by multiplying your property's assessed value by the applicable tax rate set by local taxing authorities. The assessed value is determined by the county assessor and may differ from your property's market value depending on local assessment ratios and exemptions.

How do I appeal my property taxes in Walnut, Illinois?

To appeal your property taxes in Walnut, Illinois, you typically need to file a formal protest or appeal with your local appraisal district or assessor's office by the stated deadline. You'll need evidence such as comparable sales, a recent independent appraisal, or documentation of property condition issues. Ownwell can handle this entire process for you.

What property tax exemptions are available in Walnut, Illinois?

Common property tax exemptions in Walnut, Illinois include homestead exemptions for primary residences, senior citizen exemptions, veteran exemptions, and disability exemptions. Exemption amounts and eligibility requirements vary by county. Contact your local appraisal district or check Ownwell for details specific to your property.

When are property taxes due in Walnut, Illinois?

Property tax deadlines in Walnut, Illinois vary by county but typically include an assessment notice period in spring or early summer, followed by an appeal deadline, and a tax payment due date in the fall or winter. Check with your county assessor's office for specific dates in your area.

How can Ownwell help reduce my property taxes in Walnut, Illinois?

Ownwell provides professional property tax appeal services in Walnut, Illinois. Our team analyzes your assessment, gathers evidence, files all paperwork, and represents you at hearings — all with no upfront cost. You only pay a percentage of your savings if we successfully lower your tax bill.