Average Tax Assessment in Winnebago County
Real Estate Values and Property Tax Valuation in Winnebago County, Illinois
Winnebago County has a total of 96,667 properties, with a cumulative value of $11.7B. This accounts for 1.67% of all real estate value in Illinois. Property taxes in Winnebago County are collected from these properties, totaling $341.7M. The average Winnebago County homeowner pays $3,536 in property taxes, which is lower than the state average of $5,405. The average property tax rate in Winnebago County is 2.92%, which is higher 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 | |
|---|---|
| Winnebago Assessor | (815) 319-4460 |
| Winnebago Treasurer | (920) 232-3420 |
| Winnebago Assessor | (641) 585-2163 |
| Winnebago Recorder of Deeds | (815) 319-4325 |
| 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 Winnebago County
Residential Property Taxes by Cities in Winnebago County
Winnebago County has an average property tax rate of 2.92%, which is slightly higher than the national average of 2.79%. This rate is applied to all properties in the county, regardless of their location. However, the effective property tax rate can vary significantly across the cities in the county. For example, Rockford has the highest effective property tax rate of 3.12%, while Pecatonica has the lowest rate of 2.45%. This means that property owners in Rockford will pay more in taxes than those in Pecatonica.
Overall, Winnebago County has a relatively high property tax rate compared to other counties in the state. However, the rate is still lower than the national average. Property owners in the county should be aware of the differences in effective property tax rates across the cities, as this can have a significant impact on their tax bill.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Winnebago 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.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Caledonia | $139,209 | $172,932 | $200,856 | $225,756 | $255,300 |
| Cherry Valley | $96,019 | $122,425 | $167,324 | $206,946 | $241,641 |
| Davis | $98,648 | $123,146 | $151,059 | $191,876 | $237,683 |
| Durand | $10,602 | $56,526 | $106,866 | $146,343 | $201,078 |
| Loves Park | $73,763 | $88,043 | $108,291 | $149,243 | $187,445 |
| Machesney Park | $68,234 | $87,900 | $119,763 | $155,088 | $190,137 |
| Pecatonica | $72,318 | $95,868 | $123,339 | $155,673 | $199,685 |
| Rockford | $32,871 | $52,581 | $88,446 | $135,244 | $177,392 |
| Rockton | $111,838 | $144,771 | $175,656 | $220,224 | $267,163 |
| Roscoe | $129,987 | $156,084 | $184,458 | $240,513 | $325,773 |
| South Beloit | $47,606 | $76,294 | $136,836 | $161,762 | $234,571 |
| Winnebago | $108,867 | $135,411 | $164,451 | $199,292 | $243,966 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Winnebago County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Caledonia | $3,414 | $4,369 | $5,476 | $6,356 | $7,418 |
| Cherry Valley | $2,315 | $3,210 | $4,621 | $5,934 | $7,064 |
| Davis | $2,406 | $3,042 | $4,012 | $5,384 | $6,842 |
| Durand | $308 | $1,170 | $2,770 | $3,988 | $5,414 |
| Loves Park | $1,603 | $2,208 | $2,927 | $4,173 | $5,430 |
| Machesney Park | $1,451 | $2,104 | $3,050 | $4,253 | $5,401 |
| Pecatonica | $1,438 | $2,173 | $3,005 | $3,974 | $5,170 |
| Rockford | $772 | $1,442 | $2,666 | $4,251 | $5,946 |
| Rockton | $2,559 | $3,654 | $4,735 | $6,213 | $7,667 |
| Roscoe | $3,142 | $4,220 | $5,207 | $6,935 | $9,665 |
| South Beloit | $1,041 | $1,815 | $3,484 | $4,419 | $6,476 |
| Winnebago | $2,821 | $3,566 | $4,464 | $5,602 | $6,973 |
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.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Caledonia | 2.45% | 2.53% | 2.73% | 2.82% | 2.91% |
| Cherry Valley | 2.41% | 2.62% | 2.76% | 2.87% | 2.92% |
| Davis | 2.44% | 2.47% | 2.66% | 2.81% | 2.88% |
| Durand | 2.91% | 2.07% | 2.59% | 2.73% | 2.69% |
| Loves Park | 2.17% | 2.51% | 2.70% | 2.80% | 2.90% |
| Machesney Park | 2.13% | 2.39% | 2.55% | 2.74% | 2.84% |
| Pecatonica | 1.99% | 2.27% | 2.44% | 2.55% | 2.59% |
| Rockford | 2.35% | 2.74% | 3.01% | 3.14% | 3.35% |
| Rockton | 2.29% | 2.52% | 2.70% | 2.82% | 2.87% |
| Roscoe | 2.42% | 2.70% | 2.82% | 2.88% | 2.97% |
| South Beloit | 2.19% | 2.38% | 2.55% | 2.73% | 2.76% |
| Winnebago | 2.59% | 2.63% | 2.71% | 2.81% | 2.86% |
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Real Estate Values in Winnebago County
The median home price in Winnebago County, Illinois has increased by 21.05% from October 2022 to October 2023, from $147.0K to $177.9K. This is a significant increase in home prices in the area. At the same time, the home inventory in Winnebago County has decreased by 42.2%, from 693 in October 2022 to 400 in October 2023. This indicates that there is a high demand for homes in the area, which is driving up prices. Overall, the data from Redfin suggests that home prices in Winnebago County, Illinois are on the rise.
Average Home Value in Winnebago County, Illinois
Last updated: November 2023
Percent Change in Total Home Sales in Winnebago County
Last updated: November 2023
Percent Change in New Home Listings in Winnebago County
Last updated: November 2023
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Mortgage Rates in Winnebago County
Mortgages in Winnebago County are a major factor in the local economy. The total outstanding loan amount across home mortgages in the county is estimated to be around $2.7 billion, with over 16,500 outstanding loans. This amounts to a significant portion of the total home value in the county. Furthermore, the median mortgage rates vary significantly across cities in the county. For example, Durand has the highest median mortgage rate at 4.09%, while Cherry Valley has the lowest at 3.87%. This variation in rates can have a significant impact on the affordability of mortgages in the county and can be a major factor in determining where people decide to purchase a home.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Winnebago County by city.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Caledonia | $95,059 | $136,222 | $170,784 | $208,997 | $247,688 |
| Cherry Valley | $65,623 | $93,384 | $130,576 | $172,284 | $211,567 |
| Davis | $63,489 | $87,824 | $118,089 | $152,968 | $216,822 |
| Durand | $53,254 | $76,963 | $105,987 | $135,179 | $171,217 |
| Loves Park | $51,494 | $69,535 | $97,987 | $132,000 | $174,235 |
| Machesney Park | $51,625 | $74,251 | $108,282 | $145,974 | $201,465 |
| Pecatonica | $50,675 | $66,932 | $92,932 | $124,430 | $167,983 |
| Rockford | $44,321 | $64,596 | $94,550 | $133,226 | $182,707 |
| Rockton | $75,901 | $106,404 | $140,450 | $185,473 | $234,077 |
| Roscoe | $88,898 | $122,144 | $159,502 | $211,531 | $286,040 |
| South Beloit | $59,664 | $88,657 | $120,266 | $160,758 | $207,375 |
| Winnebago | $59,850 | $92,531 | $126,033 | $159,243 | $200,984 |
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Winnebago County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Caledonia | 2.88% | 3.38% | 3.95% | 4.40% | 4.88% |
| Cherry Valley | 2.80% | 3.25% | 3.87% | 4.38% | 5.00% |
| Davis | 2.90% | 3.48% | 3.88% | 4.25% | 4.75% |
| Durand | 2.99% | 3.49% | 4.09% | 4.62% | 5.25% |
| Loves Park | 2.90% | 3.37% | 3.90% | 4.50% | 5.25% |
| Machesney Park | 2.90% | 3.38% | 3.91% | 4.50% | 5.25% |
| Pecatonica | 2.88% | 3.37% | 3.96% | 4.62% | 5.25% |
| Rockford | 2.90% | 3.38% | 3.96% | 4.62% | 5.25% |
| Rockton | 2.88% | 3.25% | 3.87% | 4.40% | 4.88% |
| Roscoe | 2.88% | 3.30% | 3.88% | 4.49% | 5.00% |
| South Beloit | 2.90% | 3.30% | 3.87% | 4.50% | 5.13% |
| Winnebago | 2.88% | 3.38% | 3.89% | 4.45% | 5.00% |
Housing Expenses in Winnebago County, Illinois
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