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Updated 2025 Tax Year

Wabash County
Property Tax Guide

Everything you need to know about property taxes in Wabash County, IL. Rates, due dates, exemptions, and how it affects your monthly payment.

10 Official Sources
8 min read
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Quick Facts
Tax Rate
Varies by district, typically 3.5-5.5% effective rate depending on school district and municipality
1st Due
Jun 1
2nd Due
Sep 1
Exemptions
5+ Available
Section 1

How Property Tax Works

Property taxes in Wabash County, Illinois, serve as the primary funding mechanism for essential local services including public schools, county government operations, township services, and various special districts. The county operates under Illinois' Property Tax Extension Limitation Law (PTELL), which governs how tax levies can be increased annually. Property owners in Wabash County face effective tax rates that vary significantly by location within the county due to different combinations of taxing districts including school districts, municipalities, townships, and special service areas.

The assessment process follows Illinois' standard cycle where properties are valued as of January 1st by township assessors, with assessment books returned to the Chief County Assessment Officer by April 15th. Wabash County's tax rates are influenced by local levy decisions made by each taxing body, and the actual tax bill depends on both the assessed value of the property and the specific mix of taxing districts that serve each location. Property owners should note that various tax credits are available but require annual application and are not automatically applied to tax bills.

Section 2

What Makes Up Your Tax Bill

Based on available data for the 2024 payable 2025 tax year:

ComponentRateDescription
Wabash County0.3283%County government operations and services
Noble Township0.0176%Township-level services and administration
Wabash TownshipVariesTownship services (rates vary by assessment)
School DistrictsVariesLocal school funding (varies by district)
MunicipalVariesCity/village services where applicable
Special DistrictsVariesFire protection, library, park districts as applicable

Note: These rates apply to the FY 2024-2025 levy year and represent only a portion of the total tax burden. Actual composite tax rates vary significantly throughout Wabash County depending on the specific combination of taxing districts serving each property location. The total effective rate typically ranges from approximately 2.0% to 3.5% of assessed value depending on local district configurations.

Section 3

When Are Property Taxes Due?

For the 2025/2026 tax year in Wabash County, property taxes are due in two installments:

First Installment
Jun 1
Delinquent after Dec 10
Second Installment
Sep 1
Delinquent after Apr 10
Pro tip: If you pay through mortgage escrow, your lender splits these payments across your monthly mortgage. If you pay directly, set calendar reminders to avoid late penalties.
Section 4

Supplemental Tax Bills

Supplemental taxes in Wabash County are triggered by specific property events that occur after the annual assessment but before the tax year ends. The most common triggers include change of ownership, new construction completion, or significant property improvements that weren't captured in the original assessment. When a supplemental assessment is issued, it covers the period from the trigger event through the end of the current tax year.

The calculation process involves determining the new assessed value, applying any applicable tax credits (such as homestead credits), and then multiplying by the current tax rate to determine the additional tax owed. For example, if a property undergoes a $100,000 improvement mid-year that increases the assessed value by $33,333 (at Illinois' one-third assessment ratio), and the local tax rate is 2.5%, the supplemental tax would be approximately $833 for the remaining portion of the tax year. Property owners receive supplemental bills separately from regular tax bills and these typically have their own payment deadlines.

Example Calculation

Example 1: $300,000 Home

  • Market Value: $300,000
  • Assessed Value (33.33%): $100,000
  • Less: Homestead Credit Application: -$10,000
  • Net Taxable Value: $90,000
  • Tax Rate (estimated): 2.8%
  • Annual Tax: $2,520
  • Monthly Escrow: $210

Example 2: $600,000 Home

  • Market Value: $600,000
  • Assessed Value (33.33%): $200,000
  • Less: Homestead Credit Application: -$10,000
  • Net Taxable Value: $190,000
  • Tax Rate (estimated): 2.8%
  • Annual Tax: $5,320
  • Monthly Escrow: $443

Example 3: $1,000,000 Home

  • Market Value: $1,000,000
  • Assessed Value (33.33%): $333,333
  • Less: Homestead Credit Application: -$10,000
  • Net Taxable Value: $323,333
  • Tax Rate (estimated): 2.8%
  • Annual Tax: $9,053
  • Monthly Escrow: $754

Note: Tax credits shown require annual application and are not automatic. Actual rates vary by specific taxing districts serving each property.

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Section 5

Escrow & Property Taxes

Most mortgage lenders in Wabash County require property tax escrow accounts for loans with less than 20% down payment, though borrowers may request escrow even with larger down payments. Lenders collect monthly escrow payments equal to one-twelfth of the annual property tax bill, plus additional amounts to maintain required cushions. Given Wabash County's payment schedule of May 12th and November 10th, lenders typically time their tax payments to meet these deadlines.

Property owners should verify that their lender has current tax information, as changes in assessed value or tax rates can create escrow shortages or surpluses. When tax bills increase, lenders may require escrow payment adjustments or collect shortage amounts over 12 months. Annual escrow analyses are required by federal law, and borrowers receive detailed statements showing how their escrow funds were used. Property owners can request copies of actual tax payments made by their lenders and should monitor their tax bills to ensure accurate escrow calculations.

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Section 6

Frequently Asked Questions

Q: When are property taxes due in Wabash County? A: For the current 2025 tax year, property taxes are due May 12th and November 10th. Penalties apply if payments are received after these dates.

Q: What penalties apply for late payment? A: A 5% penalty applies if taxes are paid within 30 days after the due date, and a 10% penalty applies thereafter.

Q: What is the homestead credit and how do I apply? A: The homestead credit can reduce your property's equalized assessed value by up to $10,000. This is a tax credit that requires annual application - it is not automatic. Contact the Wabash County Clerk's office for application procedures and deadlines.

Q: What other tax credits are available? A: Available credits include the General Homestead (HO), Senior Homestead (SR), and Disabled Persons (DP) credits. All require separate applications and approval. Contact the county for specific eligibility requirements and application deadlines.

Q: How does the homestead credit work? A: The homestead credit helps limit assessment increases rather than reducing market value. It provides tax relief by reducing the equalized assessed value used for tax calculations, but requires annual filing to maintain eligibility.

Q: When are properties reassessed? A: Properties are assessed annually as of January 1st by township assessors, with assessment books due to the Chief County Assessment Officer by April 15th.

Q: How do I appeal my assessment? A: Assessment appeals must be filed with the appropriate township assessor or the county assessment office. Specific deadlines and procedures vary, so contact the Wabash County Assessment Office for current appeal processes.

Q: Can I pay my taxes online? A: Contact the Wabash County Treasurer's office to inquire about online payment options and accepted payment methods for property taxes.

Q: Why do tax rates vary within the county? A: Tax rates differ based on the combination of taxing districts (school districts, municipalities, townships, special districts) that serve each property location. Properties in different areas may be served by different combinations of these districts.

Q: Do I need to reapply for tax credits each year? A: Most tax credits, including homestead credits, require annual application or renewal. They are not automatically continued from year to year, so property owners must stay current with application deadlines.

Verified Sources

Backed by 10 Official Government Sources

Every fact in this guide is sourced from official county, state, and federal documents.

01
Real Property Information - Treasurertreasurer.fountaincounty23.us
02
Real Property Information - Auditorauditor.wabashcounty85.us
03
Real Property Information - Auditorauditor.wabashcounty85.us
04
County
Treasurer, Home - Wabash County Government, Indianatreasurer.wabashcounty85.us
05
County
ILLINOIS COUNTY CLERKS' OFFICIAL PROPERTY TAX ...clerk.kanecountyil.gov
06
Tax Doc
PTAX-1-T, Township Assessor Introductory Coursetax.illinois.gov
07
ILLINOIS ECONOMICcgfa.ilga.gov
08
Exemption Statusassessorpropertydetails.cookcountyil.gov
09
County
Wabash County Council Meetingcouncil.wabash.in.datapitstop.us
10
County
Treasurer: Real Property Information - Wabash County Government ...treasurer.wabashcounty85.us
All sources verified as of 2025 Tax Year

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