Christopher, Illinois Property Taxes
The median property tax rate in Christopher, IL is 3.07%, considerably higher than both the national median of 0.99% and the Illinois state median of 2.35%. With the median home value in Christopher, the typical annual property tax bill reaches $787, which is lower than the national median of $2,690. Property taxes in Christopher are calculated based on the assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Christopher's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Christopher or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Christopher, Illinois Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
2.35%
Estimate Property Tax Bill
$4,700
Ownwell’s Christopher Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Christopher with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Christopher to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Christopher, Illinois
Property taxes in Christopher, Illinois, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Christopher is 3.07%, significantly higher than both the Illinois state median and the U.S. national median of 0.99%. Local government entities within Christopher set these rates annually, and they can vary significantly across different neighborhoods. Each year, Christopher estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Christopher's effective property tax rate to other counties in Illinois and the national median. For comparison, the 62822 zip code has the highest median property tax rate of 3.07%, while the same 62822 zip code also has the lowest median tax rate of 3.07%. Understanding how these cities compare with Christopher provides valuable insights into the varying tax landscape across Franklin County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Christopher Tax Rate
3.07%
Average Franklin County Tax Rate
2.37%
Average Illinois Tax Rate
2.35%
Average United States Tax Rate
0.99%
Property Tax Rates Across Christopher, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62822 | 1.21% | 2.35% | 3.07% | 3.07% | 3.07% |
Source: Ownwell
Property Tax Assessment Values Across Christopher, Illinois
In Christopher, Illinois, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Franklin County Appraisal District for tax purposes. In contrast, the assessed value 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 are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Christopher helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 62822 has both the highest and lowest median tax bill at $787.
Average Christopher Assessed Value
$25,350
Average Franklin County Assessed Value
$55,530
Average Illinois Assessed Value
$194,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Christopher, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62822 | $1,665 | $10,118 | $25,350 | $45,728 | $81,180 |
Source: Ownwell
Property Tax Bills Across Christopher, Illinois
In Christopher, located in Franklin County, IL, property tax bills are calculated based on the assessed value of a home, which is determined by local assessment officials. This assessed value is typically a percentage of the property's market value. Homeowners in Christopher can expect their property tax bills to vary significantly, with the 25th percentile tax bill around $444 and the 75th percentile reaching $1,504. For those in the 90th percentile, the tax bill can go up to $2,193. The property tax rate in Christopher is influenced by various local factors, including funding requirements for schools, infrastructure, and public services. The median home price in Christopher is relatively low at $25,350, which impacts the overall tax amounts. Compared to the national median property tax rate of 0.99%, the rates in Christopher might seem more manageable, but they can still significantly affect homeowners, especially those with higher assessed property values. Understanding these factors can help homeowners in Christopher better anticipate their annual property tax obligations.
Average Christopher Tax Bill
$787
Average Franklin County Tax Bill
$1,464
Average Illinois Tax Bill
$4,715
Average United States Tax Bill
$2,690
Property Tax Bills Across Christopher, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62822 | $154 | $444 | $787 | $1,504 | $2,193 |
Source: Ownwell