Clay City, Wayne County, Illinois Property Taxes
Property Taxes in Clay City, Illinois
Median Clay City, Illinois effective property tax rate: 2.38%, significantly higher than the national median of 1.02%, and higher than the Illinois state median of 2.33%.
Median Clay City, Illinois home value: $113,132
Median annual Clay City, Illinois tax bill: $3,011, $611 higher than the national median property tax bill of $2,400.
How are property taxes in Wayne County calculated?
Property taxes in Clay City, 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 Clay City's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Clay City, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Clay City, Wayne County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.38%
Estimate Property Tax Bill
$2,693
$2,499
How Does the Clay City Property Tax Calculator Work?
Use this Clay City property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Clay City’s median effective tax rate of 2.38% — based on actual property records in Wayne County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local assessment 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 Clay City’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 Clay City: rates range from 3011.00 in 62824 to 3011.00 in 62824, 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 Clay City.
About Clay City Property Taxes
About Property Taxes in Clay City, Wayne, Illinois
Clay City’s median effective property tax rate of 2.38% is higher than the Illinois state median of 2.33% and higher than the national median of 1.02%. This rate reflects the Wayne County levy and local taxing districts that shape what homeowners pay.
Property tax rates are not uniform across Clay City. In this case, the highest and lowest median tax rates are both 2.38% in ZIP code 62824, so there is no ZIP-code spread within the city. That means location within Clay City does not change the median rate here.
Clay City homeowners who believe their assessed value is too high can file a formal appeal with the Wayne County Tax Assessor before the May 5, 2025 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 Clay City, Wayne 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 Clay City’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 Clay City Tax Rate
2.38%
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 Wayne County Tax Rate
2.08%
Median Effective Illinois Tax Rate
2.33%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Clay City, Wayne County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62824 | 1.55% | 1.95% | 2.38% | 3.36% | 4.97% |
Source: Ownwell
Property Tax Assessment Values Across Clay City, Wayne County, Illinois
When examining property taxes in Clay City, 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 Wayne 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.
Assessment notices:
In Wayne County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of the month.
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 Clay City.
For example, the median home price in Clay City is $113,132, with tax bills ranging significantly across the county. 62824 has the highest median home price at $113,132.
Property Tax Assessment Values Across Clay City, Wayne County, Illinois
Source: Ownwell
$55,650
$84,391
$113,132
Median Clay City Market Value
$113,132
Median Wayne County Market Value
$66,490
Median Illinois Market Value
$227,888
Median United States Market Value
$235,294
Property Tax Assessment Values Across Clay City, Wayne County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62824 | $42,991 | $72,740 | $113,132 | $162,897 | $217,482 |
Source: Ownwell
Property Tax Bills Across Clay City, Wayne County, Illinois
Property tax bills in Clay City are based on the assessed value of a home and the local tax rate set by taxing authorities in Wayne County. When a property’s assessed value rises, the tax bill can increase unless the rate changes or exemptions apply. Homeowners are taxed on the market value of their property as determined for local assessment purposes, and that amount is then multiplied by the applicable rate to calculate the bill.
In Clay City, the median home price is $113,132, and the median property tax bill is $3,011, which is above the national median property tax bill of $2,400 and above the national median property tax rate of 1.02%. Bills can vary widely, with the 25th percentile at $2,165 and the 75th percentile at $5,140. For higher-valued homes, the 90th percentile reaches $6,617. These differences show how property taxes can affect homeowners unevenly, depending on assessed value and local tax obligations.
Median Clay City Tax Bill
$3,011
Median Wayne County Tax Bill
$1,567
Median Illinois Tax Bill
$5,277
Median United States Tax Bill
$2,400
Property Tax Bills Across Clay City, Wayne County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62824 | $1,162 | $2,165 | $3,011 | $5,140 | $6,617 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | May 5 |
Links | |
|---|---|
| Wayne Tax Assessor | |
| Website | il1358.cichosting.com |