Ellsworth, Mclean County, Illinois Property Taxes

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

Median Ellsworth, IL effective property tax rate: 2.45%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Ellsworth, IL home value: $122,478
Median annual Ellsworth, IL tax bill: $2,876, $476 higher than the national median property tax bill of $2,400.

How are property taxes in McLean calculated?

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

Last Updated March 1, 2025

Ellsworth, Mclean County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.45%

Estimate Property Tax Bill

$3,001

$2,785

Ownwell’s Ellsworth Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Ellsworth with just two data points. By entering your property's estimated assessed value, our calculator applies Ellsworth’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 McLean County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Ellsworth, Mclean County, Illinois

Local government entities determine tax rates, which can significantly differ across a state. The process involves each county estimating its budget needs for essential services and dividing this by the total assessed value of all taxable properties within the area. This calculation establishes the property tax rate. Although votes and regulations play a role in setting these rates and budgets, this is the core of the annual process.

In Ellsworth, located in McLean County, Illinois, the effective property tax rate is 2.45%. This rate is notably higher than the national median property tax rate of 1.02%. When comparing Ellsworth's rate to other cities in Illinois, it stands as one of the higher rates in the state. This suggests that property owners in Ellsworth may face higher property tax bills compared to the national median property tax bill of $2,400. Understanding these differences can help property owners make informed decisions about their property tax appeals and exemptions.

Property Tax Rates Across Ellsworth, Mclean County, Illinois

Source: Ownwell

1.97%

2.39%

2.81%

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 Ellsworth Tax Rate

2.45%

Median Effective Mclean County Tax Rate

2.62%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Ellsworth, Mclean County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
61737	1.95%	2.28%	2.45%	2.69%	2.96%

Source: Ownwell

Property Tax Assessment Values Across Ellsworth, Mclean County, Illinois

When examining property taxes in Ellsworth, 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 McLean County Assessor's 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. In McLean 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 Ellsworth. For example, the median home price in Ellsworth is $122,478, with tax bills ranging significantly across the county. 61737 has the highest median home price at $122,478.

Property Tax Assessment Values Across Ellsworth, Mclean County, Illinois

Source: Ownwell

$54,762

$156,365

$257,967

Median Ellsworth Market Value

$122,478

Median Mclean County Market Value

$163,629

Median Illinois Market Value

$194,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Ellsworth, Mclean County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
61737	$46,921	$89,274	$122,478	$171,420	$212,558

Source: Ownwell

Property Tax Bills Across Ellsworth, Mclean County, Illinois

In Ellsworth, McLean County, IL, property tax bills are determined by assessing the property's market value and applying the local tax rate. This process involves evaluating various factors, including the property's size, location, and condition, which collectively influence the assessed value. Homeowners in Ellsworth face a median property tax bill that aligns with the national median, reflecting the local economic landscape. The tax bill can vary significantly, with the 25th percentile at $2,171 and the 75th percentile reaching $4,042, indicating a wide range of tax liabilities among residents. For those at the 90th percentile, the tax bill can climb to $5,297, highlighting the potential financial burden for some homeowners.

Ownwell offers a solution for homeowners seeking to reduce their property tax bills. By leveraging a deep understanding of local property tax codes and conducting thorough assessments, Ownwell can identify opportunities for tax appeals and exemptions. This expertise helps homeowners in Ellsworth save money, ensuring they only pay their fair share of property taxes, potentially easing the financial strain on their households.

Property Tax Bills Across Ellsworth, Mclean County, Illinois

Source: Ownwell

$1,318

$3,989

$6,659

Median Ellsworth Tax Bill

$2,876

Median Mclean County Tax Bill

$4,175

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Ellsworth, Mclean County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
61737	$839	$2,171	$2,876	$4,042	$5,297

Source: Ownwell