Woodhull, Knox County, Illinois Property Taxes
Property Taxes in Woodhull, Illinois
Median Woodhull, Illinois effective property tax rate: 2.92%, significantly higher than the national median of 1.02%, and higher than the Illinois state median of 2.33%.
Median Woodhull, Illinois home value: $309,045
Median annual Woodhull, Illinois tax bill: $9,345, $6,945 higher than the national median property tax bill of $2,400.
How are property taxes in Knox calculated?
Property taxes in Woodhull, 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 Woodhull's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Woodhull, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Woodhull, Knox County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.92%
Estimate Property Tax Bill
$9,024
$8,374
How Does the Woodhull Property Tax Calculator Work?
Use this Woodhull property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Woodhull's median effective tax rate of 2.92% — based on actual property records in Knox County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local assessment process uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Woodhull'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 Woodhull: rates range from 2.92% in 61490 to 2.92% in 61490, 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 Woodhull.
About Woodhull Property Taxes
About Property Taxes in Woodhull, Knox, Illinois
Woodhull's median effective property tax rate of 2.92% 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 that vary by subdivision throughout the city.
Property tax rates are not uniform across Woodhull. Homeowners in the 61490 ZIP code carry a median effective rate of 2.92%, while those in the lowest ZIP code pay 2.92%. 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 Woodhull you live in can make a meaningful difference to your annual tax bill.
Woodhull homeowners who believe their assessed value is too high can file a formal appeal with the local 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 Woodhull, 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 Woodhull'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 Woodhull Tax Rate
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 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 Woodhull, Knox County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61490 | 2.60% | 2.79% | 2.92% | 3.05% | 3.12% |
Source: Ownwell
Property Tax Assessment Values Across Woodhull, Knox County, Illinois
When examining property taxes in Woodhull, 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 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.
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 Woodhull.
For example, the median home price in Woodhull is $309,045, with tax bills ranging significantly across the county. 61490 has the highest median home price at $309,045.
Property Tax Assessment Values Across Woodhull, Knox County, Illinois
Source: Ownwell
$40,530
$174,788
$309,045
Median Woodhull Market Value
$309,045
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 Woodhull, Knox County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61490 | $121,101 | $277,462 | $309,045 | $527,018 | $734,487 |
Source: Ownwell
Property Tax Bills Across Woodhull, Knox County, Illinois
Property tax bills in Woodhull 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 a homeowner owes to local taxing bodies, including schools and other public services. Because the bill is tied to value, homes with higher market values generally face larger tax bills.
For Woodhull homeowners, the typical tax burden is significant. The median home price is $309,045, and the median property tax bill is $9,345, which is well above the national median property tax bill of $2,400. Bills can vary widely, with the 25th percentile at $8,263 and the 75th percentile at $15,402. At the high end, the 90th percentile reaches $21,099. These costs can affect monthly housing affordability and make it important for homeowners to understand how their assessed value influences their annual tax bill.
Median Woodhull Tax Bill
$9,345
Median Knox County Tax Bill
$2,355
Median Illinois Tax Bill
$5,277
Median United States Tax Bill
$2,400
Property Tax Bills Across Woodhull, Knox County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61490 | $3,610 | $8,263 | $9,345 | $15,402 | $21,099 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | June 1 |
Links | |
|---|---|
| Knox Tax Assessor | |
| Website | knoxil.devnetwedge.com |