Timewell, Brown County, Illinois Property Taxes
Property Taxes in Timewell, Illinois
Median Timewell, Illinois effective property tax rate: 2.77%, significantly higher than the national median of 1.02%, and higher than the Illinois state median of 2.33%.
Median Timewell, Illinois home value: $118,755
Median annual Timewell, Illinois tax bill: $3,634, $1,234 higher than the national median property tax bill of $2,400.
How are property taxes in Brown County calculated?
Property taxes in Timewell, 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 Timewell's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Timewell, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Timewell, Brown County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.77%
Estimate Property Tax Bill
$3,290
$3,053
How Does the Timewell Property Tax Calculator Work?
Use this Timewell property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Timewell's median effective tax rate of 2.77% — based on actual property records in Brown 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 Timewell'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 Timewell: rates range from 2.77% in 62375 to 2.77% in 62375, 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 Timewell.
About Timewell Property Taxes
About Property Taxes in Timewell, Brown, Illinois
Timewell's median effective property tax rate of 2.77% is higher than the Illinois state median of 2.33% and higher than the national median of 1.02%. This rate reflects the Brown 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 Timewell. Homeowners in the 62375 ZIP code carry a median effective rate of 2.77%, while those in 62375 pay 2.77%. This spread — 0 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Brown County. Understanding which part of Timewell you live in can make a meaningful difference to your annual tax bill.
Timewell homeowners who believe their assessed value is too high can file a formal appeal with the local Tax Assessor before the 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 Timewell, Brown 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 Timewell'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 Timewell Tax Rate
2.77%
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 Brown County Tax Rate
2.76%
Median Effective Illinois Tax Rate
2.33%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Timewell, Brown County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62375 | 2.25% | 2.53% | 2.77% | 2.94% | 3.15% |
Source: Ownwell
Property Tax Assessment Values Across Timewell, Brown County, Illinois
When examining property taxes in Timewell, 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 Brown County assessment office 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 Brown County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of the season.
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 Timewell.
For example, the median home price in Timewell is $118,755, with tax bills ranging significantly across the county. 62375 has the highest median home price at $118,755.
Property Tax Assessment Values Across Timewell, Brown County, Illinois
Source: Ownwell
$63,202
$90,979
$118,755
Median Timewell Market Value
$118,755
Median Brown County Market Value
$91,365
Median Illinois Market Value
$227,888
Median United States Market Value
$235,294
Property Tax Assessment Values Across Timewell, Brown County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62375 | $18,624 | $60,390 | $118,755 | $188,040 | $279,072 |
Source: Ownwell
Property Tax Bills Across Timewell, Brown County, Illinois
Property tax bills in Timewell are based on the assessed value of a home, not its market price alone. Local taxing authorities apply the property tax rate to that assessed value to determine the annual bill, and the amount can vary depending on the home’s location and the services funded by local taxes. For homeowners, this means a higher assessed value usually leads to a larger tax bill, while a lower assessed value can reduce what is owed.
In Timewell, the median home price is $118,755, and the median property tax bill is $3,634. That is above the national median property tax bill of $2,400 and above the national median property tax rate of 1.02%. Bills can differ widely across households, with the 25th percentile at $1,855 and the 75th percentile at $5,375. At the high end, the 90th percentile reaches $7,636, showing how much property taxes can affect affordability for homeowners in Brown County.
Median Timewell Tax Bill
$3,634
Median Brown County Tax Bill
$2,451
Median Illinois Tax Bill
$5,277
Median United States Tax Bill
$2,400
Property Tax Bills Across Timewell, Brown County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62375 | $664 | $1,855 | $3,634 | $5,375 | $7,636 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates |
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Links | |
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| Brown Tax Assessor | |
| Website | brownil.devnetwedge.com |