Average Tax Assessment in Washington County
Real Estate Values and Property Tax Valuation in Washington County, Illinois
Washington County has a total of 620 properties with a cumulative value of $25.0M. This represents 0.004% of all real estate value in Illinois. Property taxes in Washington County totaled $468.3K, with an average of $833 per homeowner, which is significantly lower than the state average of $5,405. The average property tax rate in Washington County is 1.87%, which is lower than the state average of 2.47%. Property taxes are calculated based on the assessed value of the property, which is typically lower than the market value.
In Illinois, property taxes are based on the value of the property as of January 1st. Property owners have the option to appeal their property taxes between June and December, or within 30 days of when the notices are published. Property tax bills are issued on February 1st and July 1st, with the first installment due on June 1st in Cook County. This first installment is estimated at 55% of the prior year's tax bill, with taxes paid in arrears.
Updated November 01, 2023
| Important Links | |
|---|---|
| Washington Clerk | (979) 277-6216 |
| Washington Appraisal District | (979) 277-3740 |
| TexasFile Clerk Records | - |
| Washington Clerk/Registrar of Deeds | (918) 337-2840 |
| Important Dates | |
|---|---|
| Property Valuation Date: | January 1st |
| Property Tax Appeal Deadline: | June - December or 30 days after notices are published |
| Property Tax Bills Issued: | February 1st and July 1st |
| Real Property Tax Bill Due (1st of #): | June, Two installments but due dates may vary by county March 1st, Cook County - 1st half installment, estimated at 55% of prior year tax bill with taxes paid in arrears. |
| Real Property Tax Bill Due (2nd of #): | September, Two installments but due dates may vary by county August 1, Cook County - 2nd half installment - TARGETED but may be delayed - due 30 days after being issued. Reconciled installment using the BOR certified AV, actual local tax rate, and final state equalization factor, less the estimated 1st installment with taxes paid in arrears |
| Available Exemptions | |
|---|---|
| Senior | Available |
| Disabled | Available |
| Homestead | Available |
| Veteran | Available |
| Solar/Wind | Available |
| Charitable | Available |
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Real Estate Statistics in Washington County
Residential Property Taxes by Cities in Washington County
Washington County has an average property tax rate of 1.87%, which is lower than the national average of 1.89%. This rate is slightly lower than the average rate for the state of Washington, which is 1.92%. The total property taxes collected in Washington County in 2023 was estimated to be $468.3K.
Property tax rates in Washington County vary across cities. The city with the highest effective property tax rate is likely to be higher than the county average, while the city with the lowest effective property tax rate is likely to be lower than the county average. The average property tax bill in Washington County is estimated to be $833, which is slightly lower than the national average of $1,073. Property taxes in Washington County are generally lower than the national average, making it an attractive place to live for those looking to save on taxes.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Washington County. The tax assessment value may differ from the potential sale value, and is used to calculate the property tax for each piece of real estate.
We currently do not have this data but we are working to add this soon.
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Washington County.
We currently do not have this data but we are working to add this soon.
Effective Property Tax Rate
The effective property tax rate is calculated by dividing the property tax bill by the assessed value. For the percentiles below, the calculation is performed using the percentiles for property tax bill and assessed value above. Therefore, each consecutive percentile doesn't necessarily show a larger value.
We currently do not have this data but we are working to add this soon.
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Real Estate Values in Washington County
The data from Redfin shows that home prices in Washington County, Illinois have decreased significantly from October 2022 to October 2023. The median home price in October 2023 was $191.7K, which is a decrease of 56.43% from the median home price in October 2022 of $440.0K. Additionally, the home inventory in Washington County decreased from 41 in October 2022 to 21 in October 2023. This indicates that the housing market in Washington County is becoming increasingly competitive, as fewer homes are available for purchase.
Average Home Value in Washington County, Illinois
Last updated: November 2023
Percent Change in Total Home Sales in Washington County
Last updated: November 2023
Percent Change in New Home Listings in Washington County
Last updated: November 2023
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Mortgage Rates in Washington County
Washington County has a total of $3.0M in outstanding home mortgage loans. This represents 44 loans, or approximately 0.2% of the total home value in the county. The median mortgage rate in Washington County varies significantly across cities, with the highest median rate being in the city of Seattle and the lowest median rate being in the city of Tacoma. This variation in rates can be attributed to the different economic and housing markets in each city.
Overall, the mortgage market in Washington County is relatively stable, with a low percentage of outstanding loans and a wide range of rates across cities. This stability is beneficial for both lenders and borrowers, as it allows for more competitive rates and more options for potential borrowers. As the housing market in Washington County continues to grow, it is likely that the mortgage market will remain strong and competitive.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Washington County by city.
We currently do not have this data but we are working to add this soon.
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Washington County.
We currently do not have this data but we are working to add this soon.
Housing Expenses in Washington County, Illinois
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