Victoria, Knox County, Illinois Property Taxes
Property Taxes in Victoria, Illinois
Median Victoria, Illinois effective property tax rate: 2.84%, significantly higher than the national median of 1.02%, and higher than the Illinois state median of 2.33%.
Median Victoria, Illinois home value: $124,080
Median annual Victoria, Illinois tax bill: $3,451, $1,051 higher than the national median property tax bill of $2,400.
How are property taxes in Knox calculated?
Property taxes in Victoria, 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 Victoria's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Victoria, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Victoria, Knox County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.84%
Estimate Property Tax Bill
$3,524
$3,270
How Does the Victoria Property Tax Calculator Work?
Use this Victoria property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Victoria's median effective tax rate of 2.84% — based on actual property records in Knox County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local appraisal 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 Victoria'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 Victoria: rates range from 2.84% in 61485 to 2.84% in 61485, 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 Victoria.
About Victoria Property Taxes
About Property Taxes in Victoria, Knox, Illinois
Victoria's median effective property tax rate of 2.84% is higher than the Illinois state median of 2.33% and higher than the national median of 1.02%. This rate reflects the Knox County base levy combined with local school district levies and Special service areas (SSAs) that vary by subdivision throughout the city.
Property tax rates are not uniform across Victoria. Homeowners in the 61485 ZIP code carry a median effective rate of 2.84%, while those in the same ZIP also pay 2.84%. This spread — 0 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Knox County. Understanding which part of Victoria you live in can make a meaningful difference to your annual tax bill.
Victoria homeowners who believe their assessed value is too high can file a formal appeal with the Tax Assessor before the June 1, 2026 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 Victoria, Knox 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 Victoria's effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S.
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 Victoria Tax Rate
2.84%
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 Knox County Tax Rate
2.82%
Median Effective Illinois Tax Rate
2.33%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Victoria, Knox County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61485 | 2.22% | 2.56% | 2.84% | 2.96% | 3.05% |
Source: Ownwell
Property Tax Assessment Values Across Victoria, Knox County, Illinois
When examining property taxes in Victoria, 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 Knox 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 Knox 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 Victoria.
For example, the median home price in Victoria is $124,080, with tax bills ranging significantly across the county. 61485 has the highest median home price at $124,080.
Property Tax Assessment Values Across Victoria, Knox County, Illinois
Source: Ownwell
$40,530
$174,788
$309,045
Median Victoria Market Value
$124,080
Median Knox County Market Value
$93,540
Median Illinois Market Value
$227,888
Median United States Market Value
$235,294
Property Tax Assessment Values Across Victoria, Knox County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61485 | $32,808 | $82,665 | $124,080 | $204,690 | $277,812 |
Source: Ownwell
Property Tax Bills Across Victoria, Knox County, Illinois
Property tax bills in Victoria are calculated by applying the local tax rate to a home’s assessed value, which is based on the market value of the property. The assessed value is then used to determine how much tax the homeowner owes each year. Factors such as the home’s location, size, condition, and any improvements can affect that assessed value, which in turn changes the final bill.
With a median home price of $124,080, property taxes can have a meaningful impact on homeowners in Victoria. The tax bill can vary widely, with the 25th percentile at $1,876, the 75th percentile at $5,584, and the 90th percentile at $7,597. The median tax bill in the area is $3,451, which is above the national median property tax bill of $2,400. That means many homeowners in Victoria may pay more than the typical U.S. homeowner, making it important to understand how assessed value drives the amount due.
Median Victoria Tax Bill
$3,451
Median Knox County Tax Bill
$2,355
Median Illinois Tax Bill
$5,277
Median United States Tax Bill
$2,400
Property Tax Bills Across Victoria, Knox County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61485 | $902 | $1,876 | $3,451 | $5,584 | $7,597 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | June 1 |
Links | |
|---|---|
| Knox Tax Assessor | |
| Website | knoxil.devnetwedge.com |