Walnut Hill, Marion County, Illinois Property Taxes
Property Taxes in Walnut Hill, Illinois
Median Walnut Hill, Illinois effective property tax rate: 1.54%, significantly lower than the national median of 1.02%, and lower than the Illinois state median of 2.33%.
Median Walnut Hill, Illinois home value: $88,800
Median annual Walnut Hill, Illinois tax bill: $1,142, $1,258 lower than the national median property tax bill of $2,400.
How are property taxes in Marion calculated?
Property taxes in Walnut Hill, 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 Hill's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Walnut Hill, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Walnut Hill, Marion County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.54%
Estimate Property Tax Bill
$1,368
$1,269
How Does the Walnut Hill Property Tax Calculator Work?
Use this Walnut Hill property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Walnut Hill's median effective tax rate of 1.54% — based on actual property records in Marion County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local assessment system 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 Hill'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 Hill: rates range from 1.54% in 62893 to 1.54% in 62893, 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 Hill.
About Walnut Hill Property Taxes
About Property Taxes in Walnut Hill, Marion, Illinois
Walnut Hill's median effective property tax rate of 1.54% is higher than the Illinois state median of 2.33% and higher than the national median of 1.02%. This rate reflects the Marion 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 Hill. Homeowners in the 62893 ZIP code carry a median effective rate of 1.54%, while those in 62893 pay 1.54%. This spread — 0 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Marion County. Understanding which part of Walnut Hill you live in can make a meaningful difference to your annual tax bill.
Walnut Hill 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 Walnut Hill, Marion 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 Hill'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 Walnut Hill Tax Rate
1.54%
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 Marion County Tax Rate
1.85%
Median Effective Illinois Tax Rate
2.33%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Walnut Hill, Marion County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62893 | 0.39% | 0.90% | 1.54% | 1.82% | 1.99% |
Source: Ownwell
Property Tax Assessment Values Across Walnut Hill, Marion County, Illinois
When examining property taxes in Walnut Hill, 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 Marion 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.
Assessment notices:
In Marion County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of November.
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. For example, the median home price in Walnut Hill is $88,800, with tax bills ranging significantly across the county. ZIP code 62893 has the highest median home price at $88,800.
Property Tax Assessment Values Across Walnut Hill, Marion County, Illinois
Source: Ownwell
$30,780
$94,908
$159,036
Median Walnut Hill Market Value
$88,800
Median Marion County Market Value
$68,010
Median Illinois Market Value
$227,888
Median United States Market Value
$235,294
Property Tax Assessment Values Across Walnut Hill, Marion County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62893 | $16,938 | $35,872 | $88,800 | $202,050 | $279,286 |
Source: Ownwell
Property Tax Bills Across Walnut Hill, Marion County, Illinois
Property tax bills in Walnut Hill are based on the assessed value of a home and the local tax rate set by taxing authorities. When a property is reassessed, the tax bill can rise or fall depending on how the assessed value compares with the market value and how much of that value is taxable. For homeowners, this means the bill is not fixed and can change as home values and local budgets change.
In Walnut Hill, the median home price is $88,800, and the median tax bill is $1,142.00 in ZIP code 62893. That is below the national median property tax bill of $2,400 and the national median property tax rate of 1.02%. Bills can vary widely, with the 25th percentile at $380 and the 75th percentile at $2,688, while the 90th percentile reaches $5,036. This range shows how property taxes can affect homeowners differently depending on a home’s assessed value and location.
Median Walnut Hill Tax Bill
$1,142
Median Marion County Tax Bill
$1,146
Median Illinois Tax Bill
$5,277
Median United States Tax Bill
$2,400
Property Tax Bills Across Walnut Hill, Marion County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62893 | $106 | $380 | $1,142 | $2,688 | $5,036 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | June 1 |
Links | |
|---|---|
| Marion Tax Assessor | |
| Website | marionil.devnetwedge.com |