Wheeler, Jasper County, Illinois Property Taxes

Name: Property Tax Bills Across Wheeler, Jasper County, Illinois
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Wheeler, IL effective property tax rate: 7.18%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Wheeler, IL home value: $44,220
Median annual Wheeler, IL tax bill: $2,784, $384 higher than the national median property tax bill of $2,400.

How are property taxes in Jasper County calculated?

Property taxes in Wheeler, IL 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 Wheeler’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Wheeler, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Wheeler, Jasper County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

7.18%

Estimate Property Tax Bill

$3,175

$2,946

Ownwell’s Wheeler Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Wheeler with just two data points. By entering your property's estimated assessed value, our calculator applies Wheeler’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Jasper County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Wheeler, Jasper County, Illinois

Local government entities are responsible for setting property tax rates, which can vary significantly within a state. Each year, counties estimate the necessary budget to provide essential services and divide this figure by the total value of all taxable property within their jurisdiction. This calculation determines the property tax rate. While votes and legislation play a role in setting these rates and budgets, this process is the essence of how property taxes are determined annually.

In Wheeler, located in Jasper County, Illinois, the effective property tax rate provides an interesting case for comparison. The local tax rate is significantly higher than the national median property tax rate of 1.02%. This discrepancy highlights the importance of understanding local tax policies and their impact on homeowners. For residents, this means that property tax bills can be substantially higher than the national median of $2,400. Understanding these rates is crucial for homeowners seeking to manage their property tax obligations effectively.

Property Tax Rates Across Wheeler, Jasper County, Illinois

Source: Ownwell

2.72%

4.95%

7.18%

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 Wheeler Tax Rate

7.18%

Median Effective Jasper County Tax Rate

6.74%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Wheeler, Jasper County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62479	2.64%	5.49%	7.18%	7.78%	8.46%

Source: Ownwell

Property Tax Assessment Values Across Wheeler, Jasper County, Illinois

When examining property taxes in Wheeler, IL, 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 Jasper 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.

In Jasper County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Wheeler. For example, the median home price in Wheeler is $44,220, with tax bills ranging significantly across the county. Zip code 62479 has the highest median home price at $44,220.

Property Tax Assessment Values Across Wheeler, Jasper County, Illinois

Source: Ownwell

$22,715

$36,328

$49,940

Median Wheeler Market Value

$44,220

Median Jasper County Market Value

$34,930

Median Illinois Market Value

$194,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Wheeler, Jasper County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62479	$9,466	$25,265	$44,220	$63,815	$92,410

Source: Ownwell

Property Tax Bills Across Wheeler, Jasper County, Illinois

In Wheeler, located in Jasper County, IL, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is a percentage of the property's market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. Factors such as changes in market conditions and local government budgets can influence both the assessed value and the tax rate, impacting the overall tax bill. In Wheeler, the tax bill ranges from $1,682 at the 25th percentile to $6,355 at the 90th percentile. The median tax bill is $2,784, which aligns with the national median property tax bill of $2,400. Ownwell assists homeowners in reducing their property tax bills by identifying potential errors in the assessment, applying for exemptions, and appealing over-assessments. By leveraging their expertise, homeowners can ensure they are not overpaying and can potentially save significantly on their property taxes.

Property Tax Bills Across Wheeler, Jasper County, Illinois

Source: Ownwell

$1,501

$2,404

$3,307

Median Wheeler Tax Bill

$2,784

Median Jasper County Tax Bill

$2,022

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Wheeler, Jasper County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62479	$474	$1,682	$2,784	$4,627	$6,355

Source: Ownwell