Kappa, Woodford County, Illinois Property Taxes

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

Median Kappa, IL effective property tax rate: 2.39%, significantly higher than the national median of 1.02%, but slightly higher than the Illinois state median of 2.35%.
Median Kappa, IL home value: $113,565
Median annual Kappa, IL tax bill: $2,552, $152 higher than the national median property tax bill of $2,400.

How are property taxes in Woodford calculated?

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

Last Updated March 1, 2025

Kappa, Woodford County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.39%

Estimate Property Tax Bill

$2,714

$2,519

Ownwell’s KAPPA Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in KAPPA with just two data points. By entering your property's estimated assessed value, our calculator applies KAPPA’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 17203. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Kappa, Woodford County, Illinois

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 KAPPA’s effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S.

Property Tax Rates Across Kappa, Woodford County, Illinois

Source: Ownwell

2.19%

2.38%

2.58%

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 Kappa Tax Rate

2.39%

Median Effective Woodford County Tax Rate

2.44%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Kappa, Woodford County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
61738	1.46%	2.11%	2.39%	2.53%	2.74%

Source: Ownwell

Property Tax Assessment Values Across Kappa, Woodford County, Illinois

When examining property taxes in Kappa, 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 Woodford 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.

Assessment notices: In Woodford 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 Kappa.

For example, the median home price in Kappa is $113,565, with tax bills ranging significantly across the county. Zip code 61738 has the highest median home price at $113,565.

Property Tax Assessment Values Across Kappa, Woodford County, Illinois

Source: Ownwell

$76,683

$160,575

$244,467

Median Kappa Market Value

$113,565

Median Woodford County Market Value

$138,837

Median Illinois Market Value

$194,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Kappa, Woodford County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
61738	$30,160	$73,034	$113,565	$148,726	$167,362

Source: Ownwell

Property Tax Bills Across Kappa, Woodford County, Illinois

In Kappa, IL, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Kappa is $113,565, and property tax bills can vary significantly depending on the assessed value and tax rates set by local authorities. Homeowners in Kappa typically see tax bills ranging from $1,464 at the 25th percentile to $3,947 at the 90th percentile. This variation is influenced by factors such as changes in local government budgets and school funding needs. With a median property tax bill of $2,552, Kappa's rates are slightly above the national median of $2,400.

For homeowners feeling the pinch of property taxes, Ownwell offers a valuable service by helping to appeal and potentially lower these tax bills. By analyzing property assessments and identifying discrepancies, Ownwell can assist homeowners in reducing their financial burden, ensuring they only pay their fair share. This service can lead to significant savings, providing peace of mind and financial relief for property owners.

Property Tax Bills Across Kappa, Woodford County, Illinois

Source: Ownwell

$1,648

$4,099

$6,549

Median Kappa Tax Bill

$2,552

Median Woodford County Tax Bill

$3,222

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Kappa, Woodford County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
61738	$476	$1,464	$2,552	$3,573	$3,947

Source: Ownwell