Seward, Winnebago County, Illinois Property Taxes

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

Median Seward, IL effective property tax rate: 2.49%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%. Median Seward, IL home value: $102,207. Median annual Seward, IL tax bill: $2,597, $197 higher than the national median property tax bill of $2,400.

How are property taxes in Winnebago County calculated?

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

Last Updated March 1, 2025

Seward, Winnebago County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.29%

Estimate Property Tax Bill

$3,047

$2,827

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

Property Tax Rates Across Seward, Winnebago County, Illinois

Local government entities determine tax rates, which can vary significantly within a state. This variation arises because each county annually estimates the budget necessary to provide services, then divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play roles in setting tax rates and budgets, this is essentially the annual process.

In Seward, located in Winnebago County, Illinois, the effective property tax rate stands at 2.49%. This rate is considerably higher than the national median property tax rate of 1.02%. Such a disparity highlights the importance of understanding local property tax dynamics. Comparing Seward’s rate to other cities in Illinois, it becomes evident that property tax rates can vary significantly even within a single state. The median property tax bill in Seward is likely to be substantially higher than the national median of $2,400, reflecting the higher tax rate. For property owners in Seward, this underscores the value of exploring property tax appeal and exemption opportunities to potentially reduce their tax burden.

Property Tax Rates Across Seward, Winnebago County, Illinois

Source: Ownwell

2.13%

2.48%

2.83%

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 Seward Tax Rate

2.29%

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 Seward, Winnebago County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
61077	1.69%	2.11%	2.29%	2.40%	2.43%

Source: Ownwell

Property Tax Assessment Values Across Seward, Winnebago County, Illinois

When examining property taxes in Seward, 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 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.

In Winnebago 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 Seward. For example, the median home price in Seward is $102,207, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Seward, Winnebago County, Illinois

Source: Ownwell

$3,897

$148,167

$292,437

Median Seward Market Value

$133,035

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 Seward, Winnebago County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
61077	$106,875	$109,821	$133,035	$157,852	$173,829

Source: Ownwell

Property Tax Bills Across Seward, Winnebago County, Illinois

In Seward, located in Winnebago County, IL, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor. This assessed value is then multiplied by the local tax rate to determine the tax bill. With a median home price of $102,207, Seward homeowners face tax bills that can vary significantly. The 25th percentile tax bill is $2,245, which is close to the national median tax bill of $2,400, while the 75th percentile tax bill is $3,725, and the 90th percentile tax bill reaches $4,163. These figures indicate that many homeowners in Seward pay higher property taxes compared to the national median property tax rate of 1.02%. High property tax bills can be a burden for homeowners, affecting affordability and financial planning. Ownwell offers valuable services to help homeowners in Seward potentially reduce their property tax bills. By providing expert property tax appeal and exemption services, Ownwell ensures that homeowners are not overpaying and can save money on their annual tax obligations.

Property Tax Bills Across Seward, Winnebago County, Illinois

Source: Ownwell

$94

$3,530

$6,965

Median Seward Tax Bill

$3,061

Median Winnebago County Tax Bill

$3,565

Median Illinois Tax Bill

$5,277

Median United States Tax Bill

$2,400

Property Tax Bills Across Seward, Winnebago County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
61077	$1,570	$2,348	$3,061	$3,703	$4,052

Source: Ownwell