Goodfield, Woodford County, Illinois Property Taxes
Property Taxes in Goodfield, Illinois
Median Goodfield, Illinois effective property tax rate: 2.24%, significantly higher than the national median of 1.02%, and lower than the Illinois state median of 2.33%.
Median Goodfield, Illinois home value: $217,371
Median annual Goodfield, Illinois tax bill: $4,802, $2,402 higher than the national median property tax bill of $2,400.
How are property taxes in Woodford calculated?
Property taxes in Goodfield, 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 Goodfield's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Goodfield, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Goodfield, Woodford County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.24%
Estimate Property Tax Bill
$4,869
$4,518
How Does the Goodfield Property Tax Calculator Work?
Use this Goodfield property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Goodfield's median effective tax rate of 2.24% — based on actual property records in Woodford 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 Goodfield'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 Goodfield: rates range from 2.24% in 61742 to 2.24% in 61742, 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 Goodfield.
About Goodfield Property Taxes
About Property Taxes in Goodfield, Woodford, Illinois
Goodfield’s median effective property tax rate of 2.24% 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 Special service areas (SSAs) that vary by subdivision throughout the city.
Property tax rates are not uniform across Goodfield. Homeowners in the 61742 ZIP code carry a median effective rate of 2.24%, while those in the same ZIP code pay 2.24%. This spread — 0.00 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Woodford County. Understanding which part of Goodfield you live in can make a meaningful difference to your annual tax bill.
Goodfield homeowners who believe their assessed value is too high can file a formal appeal with the local Tax Assessor before June 1, 2026.
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 Goodfield, 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 Goodfield'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 Goodfield Tax Rate
2.24%
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 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 Goodfield, Woodford County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61742 | 1.98% | 2.12% | 2.24% | 2.30% | 2.44% |
Source: Ownwell
Property Tax Assessment Values Across Goodfield, Woodford County, Illinois
When examining property taxes in Goodfield, 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 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 Woodford 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. For example, the median home price in Goodfield is $217,371, with a median tax bill of $4,802. The highest median home price is in 61742 at $217,371.
Property Tax Assessment Values Across Goodfield, Woodford County, Illinois
Source: Ownwell
$93,177
$198,399
$303,621
Median Goodfield Market Value
$217,371
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 Goodfield, Woodford County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61742 | $52,417 | $144,623 | $217,371 | $307,651 | $369,246 |
Source: Ownwell
Property Tax Bills Across Goodfield, Woodford County, Illinois
Property tax bills in Goodfield 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 median home price is $217,371, and that value helps shape the tax burden homeowners face. Local taxing authorities set the rate, and the final bill reflects the combined impact of county, city, school, and other local levies.
For many homeowners, the bill can vary widely depending on the home’s assessed value and the tax rate applied. In Goodfield, the 25th percentile tax bill is $2,803, while the 75th percentile tax bill is $6,865 and the 90th percentile tax bill is $8,418. The median tax bill is $4,802 in ZIP code 61742, which is well above the national median property tax bill of $2,400 and the national median property tax rate of 1.02%. That means property taxes can be a major part of homeownership costs in Goodfield.
Median Goodfield Tax Bill
$4,802
Median Woodford County Tax Bill
$3,784
Median Illinois Tax Bill
$5,277
Median United States Tax Bill
$2,400
Property Tax Bills Across Goodfield, Woodford County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61742 | $1,088 | $2,803 | $4,802 | $6,865 | $8,418 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | June 1 |
Links | |
|---|---|
| Woodford Tax Assessor | |
| Website | woodfordil.devnetwedge.com |