Washburn, Woodford County, Illinois Property Taxes
Property Taxes in Washburn, Illinois
Median Washburn, Illinois effective property tax rate: 2.51%, significantly higher than the national median of 1.02%, and higher than the Illinois state median of 2.33%.
Median Washburn, Illinois home value: $93,492
Median annual Washburn, Illinois tax bill: $2,220, $180 lower than the national median property tax bill of $2,400.
How are property taxes in Woodford calculated?
Property taxes in Washburn, 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 Washburn's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Washburn, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Washburn, Woodford County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.51%
Estimate Property Tax Bill
$2,347
$2,178
How Does the Washburn Property Tax Calculator Work?
Use this Washburn property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and the calculator applies Washburn's median effective tax rate of 2.51% — based on actual property records in Woodford County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local assessment process uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. The calculator applies Washburn's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Washburn's median effective tax rate is higher than the Illinois state median tax rate of 2.33% and higher than the national median property tax rate of 1.02%. The median property tax bill is $2,220, which is $180 lower than the Illinois state median bill and below the national median property tax bill of $2,400.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Washburn.
About Washburn Property Taxes
About Property Taxes in Washburn, Woodford, Illinois
Washburn's median effective property tax rate of 2.51% is higher 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 Washburn. Homeowners in the 61570 ZIP code carry a median effective rate of 2.51%, while those in the same ZIP code pay 2.51%. 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 Washburn you live in can make a meaningful difference to your annual tax bill.
Washburn 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 Washburn, 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 Washburn'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 Washburn Tax Rate
2.51%
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 Washburn, Woodford County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61570 | 1.69% | 2.24% | 2.51% | 2.99% | 2.99% |
Source: Ownwell
Property Tax Assessment Values Across Washburn, Woodford County, Illinois
When examining property taxes in Washburn, 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 Washburn is $93,492, with a median tax bill of $2,220. That is below the national median property tax bill of $2,400, while the national median property tax rate is 1.02%. The highest median home price is in 61570 at $93,492.
Property Tax Assessment Values Across Washburn, Woodford County, Illinois
Source: Ownwell
$93,177
$198,399
$303,621
Median Washburn Market Value
$93,492
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 Washburn, Woodford County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61570 | $8,779 | $53,040 | $93,492 | $142,137 | $204,603 |
Source: Ownwell
Property Tax Bills Across Washburn, Woodford County, Illinois
Property tax bills in Washburn 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 assessed value is the starting point for the bill, and local taxing authorities use it to determine how much each homeowner owes.
Several factors affect the final amount, including the home’s value, the tax rate set by local governments, and any exemptions that may reduce the taxable amount. For homeowners, this means a higher assessed value can lead to a higher tax bill, while a lower assessment or qualifying exemption can help keep costs down.
In Washburn, the median home price is $93,492, and the median property tax bill is $2,220. That is below the national median property tax bill of $2,400, but still a meaningful annual expense for many homeowners. Tax bills in the area can also vary widely, with the 25th percentile at $1,049 and the 75th percentile at $3,347.
Median Washburn Tax Bill
$2,220
Median Woodford County Tax Bill
$3,784
Median Illinois Tax Bill
$5,277
Median United States Tax Bill
$2,400
Property Tax Bills Across Washburn, Woodford County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61570 | $244 | $1,049 | $2,220 | $3,347 | $4,791 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | June 1 |
Links | |
|---|---|
| Woodford Tax Assessor | |
| Website | woodfordil.devnetwedge.com |