Clay County Property Taxes
The median property tax rate in Clay County is 1.78%, which is significantly higher than the national median of 0.99% but lower than the Illinois state median of 2.35%. With the median home value in Clay County, the typical annual property tax bill is $639, well below the national median of $2,690. Property taxes in Clay County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Clay County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Flora or another part of Clay County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Clay County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.78%
Estimate Property Tax Bill
$748
$731
Ownwell’s Clay County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Clay County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Clay County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Clay County, Illinois
Property taxes in Clay County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Clay County is 1.78%, which is higher than both the Illinois state median and the U.S. national median of 0.99%. Local government entities within Clay County set these rates annually, and they can vary significantly between different areas within the county. Each year, Clay County estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Clay County's effective property tax rate with other counties in Illinois and the national median. For comparison, the city of Flora has one of the higher property tax rates in Illinois at 1.94%, while the city of Noble boasts one of the lowest at 0.62%. Analyzing how Clay County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Clay County Tax Rate
1.78%
Average Illinois Tax Rate
2.35%
Average United States Tax Rate
0.99%
Property Tax Rates Across Clay County, Illinois
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Clay City | 0.51% | 1.05% | 1.72% | 2.11% | 2.45% |
| Dieterich | N/A | N/A | N/A | N/A | N/A |
| Edgewood | 0.74% | 1.00% | 1.45% | 2.35% | 2.35% |
| Farina | 0.41% | 0.98% | 1.62% | 2.12% | 2.35% |
| Flora | 0.68% | 1.25% | 1.94% | 2.65% | 3.17% |
| Ingraham | 0.96% | 1.08% | 1.64% | 2.19% | 2.33% |
| Kinmundy | 1.74% | 1.81% | 1.91% | 2.02% | 2.08% |
| Louisville | 0.28% | 1.02% | 1.69% | 2.13% | 2.92% |
| Mason | 0.85% | 1.22% | 1.33% | 1.75% | 1.92% |
| Newton | 1.04% | 1.26% | 1.62% | 1.97% | 2.19% |
| Noble | 0.62% | 0.62% | 0.62% | 0.62% | 0.62% |
| Sailor Springs | 0.19% | 0.76% | 1.13% | 1.56% | 1.91% |
| Xenia | 0.35% | 1.02% | 1.83% | 2.31% | 2.85% |
Source: Ownwell
Property Tax Assessment Values Across Clay County, Illinois
Understanding the difference between "market value" and "assessed value" is key to comprehending property taxes in Clay County, IL. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Clay County Appraisal District. The assessed value, however, is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. Assessment notices in Clay County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. For instance, Mason has the highest median tax bill at $1,108, while Sailor Springs has the lowest at $189. Being aware of these valuation processes in Clay County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Clay County Assessed Value
$42,012
Average Illinois Assessed Value
$194,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Clay County, Illinois
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Clay City | $11,154 | $20,928 | $39,450 | $78,806 | $123,081 |
| Dieterich | N/A | N/A | N/A | N/A | N/A |
| Edgewood | $6,466 | $19,838 | $29,055 | $51,052 | $78,398 |
| Farina | $14,482 | $21,740 | $42,390 | $90,844 | $124,850 |
| Flora | $9,728 | $18,814 | $40,888 | $81,916 | $135,616 |
| Ingraham | $14,311 | $29,728 | $49,455 | $80,438 | $114,174 |
| Kinmundy | $32,382 | $42,084 | $58,254 | $74,424 | $84,126 |
| Louisville | $10,871 | $20,562 | $44,322 | $91,872 | $160,540 |
| Mason | $32,235 | $45,002 | $68,292 | $108,790 | $140,573 |
| Newton | $15,334 | $17,645 | $21,496 | $25,348 | $27,658 |
| Noble | $46,041 | $46,041 | $46,041 | $46,041 | $46,041 |
| Sailor Springs | $11,029 | $17,596 | $22,754 | $39,905 | $67,536 |
| Xenia | $13,646 | $23,330 | $41,679 | $83,216 | $109,826 |
Source: Ownwell
Property Tax Bills Across Clay County, Illinois
In Clay County, IL, property tax bills are calculated based on the assessed value of a property, which is typically a percentage of its market value. The county assessor determines this assessed value, and local tax rates are then applied to calculate the final tax bill. Several factors influence the tax bill, including the property's location, size, and any applicable exemptions. For instance, the median home price in Clay County is $42,012, and property tax bills can vary significantly. Homeowners in the 25th percentile pay around $226, while those in the 75th percentile face bills of approximately $1,589. At the 90th percentile, the tax bill can reach up to $2,771. The highest median tax bill in the county is $1,108 in Mason, while Sailor Springs has the lowest at $189. Compared to the national median property tax rate of 0.99%, these figures highlight the variability and potential impact on homeowners in Clay County.
Average Clay County Tax Bill
$639
Average Illinois Tax Bill
$4,715
Average United States Tax Bill
$2,690
Property Tax Bills Across Clay County, Illinois
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Clay City | $89 | $219 | $641 | $1,487 | $2,499 |
| Dieterich | N/A | N/A | N/A | N/A | N/A |
| Edgewood | $141 | $187 | $334 | $843 | $1,374 |
| Farina | $62 | $171 | $548 | $1,779 | $2,654 |
| Flora | $121 | $283 | $761 | $1,768 | $2,863 |
| Ingraham | $201 | $324 | $832 | $1,099 | $1,788 |
| Kinmundy | $649 | $797 | $1,045 | $1,293 | $1,441 |
| Louisville | $69 | $192 | $631 | $1,683 | $3,114 |
| Mason | $333 | $562 | $1,108 | $1,772 | $2,700 |
| Newton | $268 | $277 | $292 | $307 | $316 |
| Noble | $285 | $285 | $285 | $285 | $285 |
| Sailor Springs | $37 | $100 | $189 | $552 | $1,162 |
| Xenia | $66 | $206 | $659 | $1,511 | $2,336 |
Source: Ownwell