Lowpoint, Woodford County, Illinois Property Taxes
Property Taxes in Lowpoint, Illinois
Median Lowpoint, Illinois effective property tax rate: 2.22%, lower than the national median of 1.02%, and lower than the Illinois state median of 2.33%.
Median Lowpoint, Illinois home value: $107,160
Median annual Lowpoint, Illinois tax bill: $2,088, lower than the national median property tax bill of $2,400.
How are property taxes in Woodford calculated?
Property taxes in Lowpoint, 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 Lowpoint's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Lowpoint, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Lowpoint, Woodford County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.22%
Estimate Property Tax Bill
$2,379
$2,208
How Does the Lowpoint Property Tax Calculator Work?
Use this Lowpoint property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Lowpoint's median effective tax rate of 2.22% — 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 Lowpoint'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 Lowpoint: rates range from 2.22% in 61545 to 2.22% in 61545, 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 Lowpoint.
About Lowpoint Property Taxes
About Property Taxes in Lowpoint, Woodford, Illinois
Lowpoint’s median effective property tax rate of 2.22% 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 that vary by subdivision throughout the city.
Property tax rates are not uniform across Lowpoint. Homeowners in the 61545 ZIP code carry a median effective rate of 2.22%, while those in the same ZIP code also pay 2.22%. This narrow spread reflects how school district boundaries and local assessment districts are drawn across Woodford County. Understanding where you live in Lowpoint can still help you better estimate your annual tax bill.
Lowpoint 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 Lowpoint, 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 Lowpoint'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 Lowpoint Tax Rate
2.22%
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 Lowpoint, Woodford County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61545 | 1.53% | 1.97% | 2.22% | 2.51% | 2.57% |
Source: Ownwell
Property Tax Assessment Values Across Lowpoint, Woodford County, Illinois
When examining property taxes in Lowpoint, 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 assessor 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. 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 Lowpoint.
For example, the median home price in Lowpoint is $107,160, with tax bills ranging significantly across the county. The median tax bill is $2,088, which is below the national median property tax bill of $2,400.
Property Tax Assessment Values Across Lowpoint, Woodford County, Illinois
Source: Ownwell
$93,177
$198,399
$303,621
Median Lowpoint Market Value
$107,160
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 Lowpoint, Woodford County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61545 | $22,252 | $56,211 | $107,160 | $181,758 | $263,602 |
Source: Ownwell
Property Tax Bills Across Lowpoint, Woodford County, Illinois
How are property tax bills calculated in Lowpoint?
Property tax bills in Lowpoint are based on the assessed value of a home and the local tax rate set by taxing authorities. The assessed value is compared with the market value of the property, and that figure is used to determine how much tax a homeowner owes. Local budgets, school funding, and other public services all play a role in shaping the final bill.
What factors affect the amount a homeowner pays?
A home with a higher market value can lead to a larger tax bill, while exemptions or lower assessments can reduce what is owed. In Lowpoint, the median home price is $107,160, and property tax bills can vary widely. The 25th percentile bill is $986, the 75th percentile is $3,824, and the 90th percentile reaches $5,643.
How does this affect homeowners?
For many homeowners, property taxes are a major ongoing housing expense. In the ZIP code with the highest and lowest median tax bill, 61545, the median tax bill is $2,088, showing how local conditions can shape what residents pay.
Median Lowpoint Tax Bill
$2,088
Median Woodford County Tax Bill
$3,784
Median Illinois Tax Bill
$5,277
Median United States Tax Bill
$2,400
Property Tax Bills Across Lowpoint, Woodford County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61545 | $360 | $986 | $2,088 | $3,824 | $5,643 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | June 1 |
Links | |
|---|---|
| Woodford Tax Assessor | |
| Website | woodfordil.devnetwedge.com |