Winchester, Scott County, Illinois Property Taxes

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

Median Winchester, IL effective property tax rate: 2.41%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Winchester, IL home value: $64,774
Median annual Winchester, IL tax bill: $1,478, $922 lower than the national median property tax bill of $2,400.

How are property taxes in Scott calculated?

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

Last Updated March 1, 2025

Winchester, Scott County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.34%

Estimate Property Tax Bill

$1,515

$1,406

Ownwell’s Winchester Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Winchester with just two data points. By entering your property's estimated assessed value, our calculator applies Winchester’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 Scott County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Winchester, Scott 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 services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. Votes and laws play a role in setting these rates and budgets, but this is the annual process in a nutshell.

You can compare Winchester’s effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S. Winchester, located in Scott County, has an effective property tax rate significantly higher than the national median of 1.02%. The median property tax rate in Illinois is 2.41%, which is more than double the national median. This highlights the impact of local government decisions on property tax rates and the importance of understanding these rates when considering property ownership. Whether you're a current resident or considering a move, being informed about local property tax rates can help you make better financial decisions.

Property Tax Rates Across Winchester, Scott County, Illinois

Source: Ownwell

2.34%

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 Winchester Tax Rate

2.34%

Median Effective Scott County Tax Rate

2.34%

Median Effective Illinois Tax Rate

2.33%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Winchester, Scott County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62694	1.93%	2.14%	2.34%	2.34%	2.34%

Source: Ownwell

Property Tax Assessment Values Across Winchester, Scott County, Illinois

When examining property taxes in Winchester, 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 Scott 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 Scott 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 Winchester.

For example, the median home price in Winchester is $64,774, with tax bills ranging significantly across the county. The national median property tax bill is $2,400, highlighting the variability within Scott County.

Property Tax Assessment Values Across Winchester, Scott County, Illinois

Source: Ownwell

$64,755

Median Winchester Market Value

$64,755

Median Scott County Market Value

$62,602

Median Illinois Market Value

$227,888

Median United States Market Value

$235,294

Property Tax Assessment Values Across Winchester, Scott County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62694	$27,216	$49,292	$64,755	$99,548	$124,056

Source: Ownwell

Property Tax Bills Across Winchester, Scott County, Illinois

In Winchester, Scott County, IL, property tax bills are calculated based on 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 to determine the annual tax bill. For homeowners in Winchester, the median property tax bill falls between $1,064 and $1,802, with the 90th percentile reaching up to $1,983. This range can be significant when compared to the national median property tax bill of $2,400, highlighting a potential saving for homeowners in the area. However, even within this range, some homeowners may find their tax burdens higher than expected due to factors such as changes in local tax rates or reassessments. This is where Ownwell can make a difference. By offering property tax appeal and exemption services, Ownwell helps homeowners navigate the complexities of property tax assessments, potentially reducing their tax bills and ensuring they only pay their fair share. With expert guidance, homeowners can achieve peace of mind and financial savings.

Property Tax Bills Across Winchester, Scott County, Illinois

Source: Ownwell

$1,517

Median Winchester Tax Bill

$1,517

Median Scott County Tax Bill

$1,529

Median Illinois Tax Bill

$5,277

Median United States Tax Bill

$2,400

Property Tax Bills Across Winchester, Scott County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62694	$525	$1,155	$1,517	$2,226	$2,604

Source: Ownwell