Cherry Valley, Winnebago County, Illinois Property Taxes
Property Taxes in Cherry Valley, Illinois
Median Cherry Valley, Illinois effective property tax rate: 2.29%, significantly lower than the national median of 1.02%, and slightly lower than the Illinois state median of 2.33%.
Median Cherry Valley, Illinois home value: $219,474
Median annual Cherry Valley, Illinois tax bill: $4,894, higher than the national median property tax bill of $2,400.
How are property taxes in Winnebago calculated?
Property taxes in Cherry Valley, 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 Cherry Valley's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Cherry Valley, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Cherry Valley, Winnebago County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.29%
Estimate Property Tax Bill
$5,026
$4,664
How Does the Cherry Valley Property Tax Calculator Work?
Use this Cherry Valley property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Cherry Valley's median effective tax rate of 2.29% — based on actual property records in Winnebago County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local assessor uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Cherry Valley'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 Cherry Valley: rates range from 2.29% in 61016 to 2.29% in 61016, 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 Cherry Valley.
About Cherry Valley Property Taxes
About Property Taxes in Cherry Valley, Winnebago, Illinois
Cherry Valley’s median effective property tax rate of 2.29% is lower than the Illinois state median of 2.33% and higher than the national median of 1.02%. This rate reflects the Winnebago 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 Cherry Valley. Homeowners in the 61016 ZIP code carry a median effective rate of 2.29%, while those in the 61016 pay 2.29%. This spread — 0.00 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Winnebago County. Understanding which part of Cherry Valley you live in can make a meaningful difference to your annual tax bill.
Cherry Valley homeowners who believe their assessed value is too high can file a formal appeal with the local Tax Assessor before the June 1, 2026 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 Cherry Valley, Winnebago 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 Cherry Valley'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 Cherry Valley Tax Rate
2.29%
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 Winnebago County Tax Rate
2.49%
Median Effective Illinois Tax Rate
2.33%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Cherry Valley, Winnebago County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61016 | 1.88% | 2.17% | 2.29% | 2.37% | 2.51% |
Source: Ownwell
Property Tax Assessment Values Across Cherry Valley, Winnebago County, Illinois
When examining property taxes in Cherry Valley, 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 Winnebago 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 Winnebago County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of July.
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 example, the median home price in Cherry Valley is $219,474, with a median tax bill of $4,894. That is above the national median property tax bill of $2,400 and reflects a property tax rate environment that can feel steep for homeowners. The 61016 ZIP code has the highest median home price at $219,474.
Property Tax Assessment Values Across Cherry Valley, Winnebago County, Illinois
Source: Ownwell
$3,897
$148,167
$292,437
Median Cherry Valley Market Value
$219,474
Median Winnebago County Market Value
$151,126
Median Illinois Market Value
$227,888
Median United States Market Value
$235,294
Property Tax Assessment Values Across Cherry Valley, Winnebago County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61016 | $127,830 | $164,841 | $219,474 | $271,509 | $315,897 |
Source: Ownwell
Property Tax Bills Across Cherry Valley, Winnebago County, Illinois
Property tax bills in Cherry Valley are calculated by multiplying a home’s assessed value by the local tax rate, then applying any exemptions or special assessments. The assessed value is based on the market value of the property, so changes in the local housing market can affect what homeowners owe. In Winnebago County, the median home price is $219,474, and the median property tax bill is $4,894, which is well above the national median property tax bill of $2,400 and the national median property tax rate of 1.02%.
For many homeowners, the final bill reflects more than just the home itself. Local school funding, municipal services, and other taxing districts all play a role in determining the amount due. In Cherry Valley, tax bills can vary widely, with the 25th percentile at $3,523 and the 75th percentile at $6,275, while the 90th percentile reaches $7,439. That means homeowners with similar homes may still face very different tax bills depending on their assessed value and location.
Median Cherry Valley Tax Bill
$4,894
Median Winnebago County Tax Bill
$3,565
Median Illinois Tax Bill
$5,277
Median United States Tax Bill
$2,400
Property Tax Bills Across Cherry Valley, Winnebago County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61016 | $2,432 | $3,523 | $4,894 | $6,275 | $7,439 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | July 1 |
Links | |
|---|---|
| Winnebago Tax Assessor | |
| Website | taxes.wincoil.gov |