Mount Erie, Wayne County, Illinois Property Taxes
Property Taxes in Mount Erie, Illinois
Median Mount Erie, Illinois effective property tax rate: 2.03%, significantly lower than the national median of 1.02%, and lower than the Illinois state median of 2.33%.
Median Mount Erie, Illinois home value: $68,334
Median annual Mount Erie, Illinois tax bill: $1,406, lower than the national median property tax bill of $2,400.
How are property taxes in Wayne calculated?
Property taxes in Mount Erie, 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 Mount Erie's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Mount Erie, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Mount Erie, Wayne County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.03%
Estimate Property Tax Bill
$1,387
$1,287
How Does the Mount Erie Property Tax Calculator Work?
Use this Mount Erie property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Mount Erie’s median effective tax rate of 2.03% — based on actual property records in Wayne County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local assessment office uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Mount Erie’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 Mount Erie: rates range from 1406.00 in 62446 to 1406.00 in 62446, 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 Mount Erie.
About Mount Erie Property Taxes
About Property Taxes in Mount Erie, Wayne, Illinois
Mount Erie’s median effective property tax rate of 2.03% is lower than the Illinois state median of 2.33% and higher than the national median of 1.02%. This rate reflects the Wayne 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 Mount Erie. Homeowners in the 62446 ZIP code carry a median effective rate of 2.03%, while those in the same ZIP also pay 2.03%. This reflects how school district boundaries and local assessment districts are drawn across Wayne County.
Mount Erie homeowners who believe their assessed value is too high can file a formal appeal with the Tax Assessor before the May 5, 2025 deadline each year.
If your estimated bill 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 Mount Erie, 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 Mount Erie’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 Ă· 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 Mount Erie Tax Rate
2.03%
Our median effective property tax rate (tax bill Ă· 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 Mount Erie, Wayne County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62446 | 0.86% | 1.48% | 2.03% | 2.33% | 2.87% |
Source: Ownwell
Property Tax Assessment Values Across Mount Erie, Wayne County, Illinois
When examining property taxes in Mount Erie, 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 assessor 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. For Mount Erie, the median home price is $68,334, with a median tax bill of $1,406. That is below the national median property tax bill of $2,400 and below the national median property tax rate of 1.02%.
Property Tax Assessment Values Across Mount Erie, Wayne County, Illinois
Source: Ownwell
$55,650
$84,391
$113,132
Median Mount Erie Market Value
$68,334
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 Mount Erie, Wayne County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62446 | $12,268 | $31,787 | $68,334 | $116,434 | $226,043 |
Source: Ownwell
Property Tax Bills Across Mount Erie, Wayne County, Illinois
Property tax bills in Mount Erie are calculated by applying local tax rates to a home’s assessed value, which is based on the market value of the property. For homeowners, this means the bill is shaped by both the value of the home and the taxing jurisdictions that apply to it, including county and local levies.
With a median home price of $68,334, Mount Erie homeowners often see tax bills that reflect a smaller property value than many places nationwide, but the final amount can still vary widely. The 25th percentile tax bill is $554, while the 75th percentile is $3,096 and the 90th percentile reaches $5,518. The median tax bill in the area is $1,406.
Because property taxes are tied to assessed value, any change in a home’s market value or local tax rates can affect what a homeowner owes each year.
Median Mount Erie Tax Bill
$1,406
Median Wayne County Tax Bill
$1,567
Median Illinois Tax Bill
$5,277
Median United States Tax Bill
$2,400
Property Tax Bills Across Mount Erie, Wayne County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62446 | $222 | $554 | $1,406 | $3,096 | $5,518 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | May 5 |
Links | |
|---|---|
| Wayne Tax Assessor | |
| Website | il1358.cichosting.com |