Benson, Woodford County, Illinois Property Taxes
Property Taxes in Benson, Illinois
Median Benson, Illinois effective property tax rate: 2.23%, significantly higher than the national median of 1.02%, and lower than the Illinois state median of 2.33%.
Median Benson, Illinois home value: $127,353
Median annual Benson, Illinois tax bill: $2,510, $110 higher than the national median property tax bill of $2,400.
How are property taxes in Woodford calculated?
Property taxes in Benson, 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 Benson's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Benson, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Benson, Woodford County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.23%
Estimate Property Tax Bill
$2,840
$2,635
How Does the Benson Property Tax Calculator Work?
Use this Benson property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Benson's median effective tax rate of 2.23% — based on actual property records in Woodford 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 Benson'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 Benson: rates range from 2.23% in 61516 to 2.23% in 61516, primarily due to differences in school district levies and local assessment districts. Benson's median tax rate is lower than the Illinois median tax rate of 2.33%, and the median tax bill is $110 lower than the state median tax bill of $2,510.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Benson.
About Benson Property Taxes
About Property Taxes in Benson, Woodford, Illinois
Benson’s median effective property tax rate of 2.23% is lower than the Illinois state median of 2.33% and higher than the national median of 1.02%. This rate reflects the Woodford County base levy combined with local school district levies and other local charges that shape what homeowners pay.
Property tax rates are not uniform across Benson. Homeowners in the 61516 ZIP code carry a median effective rate of 2.23%, and the same ZIP also shows the city’s median tax bill of $2,510. That consistency reflects how local taxing jurisdictions are drawn within Woodford County.
Benson 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 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 Benson, Woodford 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 Benson'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 Ă· 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 Benson Tax Rate
2.23%
Our median effective property tax rate (tax bill Ă· 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 Woodford County Tax Rate
2.39%
Median Effective Illinois Tax Rate
2.33%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Benson, Woodford County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61516 | 1.57% | 2.05% | 2.23% | 2.38% | 2.59% |
Source: Ownwell
Property Tax Assessment Values Across Benson, Woodford County, Illinois
When examining property taxes in Benson, 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 Woodford 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 Woodford County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of the month.
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 Benson is $127,353, with tax bills ranging significantly across the county. ZIP code 61516 has the highest median home price at $127,353.
Property Tax Assessment Values Across Benson, Woodford County, Illinois
Source: Ownwell
$93,177
$198,399
$303,621
Median Benson Market Value
$127,353
Median Woodford County Market Value
$166,185
Median Illinois Market Value
$227,888
Median United States Market Value
$235,294
Property Tax Assessment Values Across Benson, Woodford County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61516 | $46,230 | $85,467 | $127,353 | $179,742 | $243,507 |
Source: Ownwell
Property Tax Bills Across Benson, Woodford County, Illinois
How are property tax bills calculated in Benson, Woodford County, Illinois?
Property tax bills are based on the assessed value of a home, which is tied to its market value and the local tax rate. For homeowners in Benson, the median home price is $127,353, and the median property tax bill is $2,510. That amount is determined by how local taxing authorities set rates and how a home is assessed relative to others in the area.
What factors affect the bill? A home’s market value, assessment level, and the tax rates set by local governments all play a role. In Benson, property tax bills can vary widely, with the 25th percentile at $1,618, the 75th percentile at $3,978, and the 90th percentile at $5,404. That range shows how much a homeowner’s bill can change based on property characteristics and local taxation.
For homeowners, a higher assessed value usually means a higher tax bill, which can affect monthly housing costs and long-term affordability.
Median Benson Tax Bill
$2,510
Median Woodford County Tax Bill
$3,784
Median Illinois Tax Bill
$5,277
Median United States Tax Bill
$2,400
Property Tax Bills Across Benson, Woodford County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61516 | $1,027 | $1,618 | $2,510 | $3,978 | $5,404 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | June 1 |
Links | |
|---|---|
| Woodford Tax Assessor | |
| Website | woodfordil.devnetwedge.com |