Carbondale, Illinois Property Taxes
The median property tax rate in Carbondale, IL is 1.94%, which is considerably higher than both the national median of 0.99% and the Illinois state median of 2.35%. With the median home value in Carbondale at $70,191, the typical annual property tax bill reaches $1,075, exceeding the national median of $2,690. Property taxes in Carbondale are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Carbondale'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 Carbondale 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
Carbondale, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.94%
Estimate Property Tax Bill
$1,362
$1,331
Ownwell’s Carbondale Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Carbondale with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Carbondale 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 Carbondale, Illinois
Property taxes in Carbondale, Illinois, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Carbondale is 1.94%, higher than both the Illinois state median and the U.S. national median of 0.99%. Local government entities within Carbondale set these rates annually, and they can vary significantly across different neighborhoods. Each year, Carbondale 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 Carbondale's effective property tax rate to other areas in Illinois and the national median. For comparison, the 62901 zip code has the highest median property tax rate of 2.40%, while the 62902 zip code has the lowest median tax rate of 1.59%. Understanding how these areas compare with Carbondale provides valuable insights into the varying tax landscape across Jackson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Carbondale Tax Rate
1.94%
Average Johnson County Tax Rate
2.14%
Average Illinois Tax Rate
2.35%
Average United States Tax Rate
0.99%
Property Tax Rates Across Carbondale, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62901 | 2.14% | 2.14% | 2.40% | 2.42% | 2.47% |
| 62902 | 0.88% | 1.31% | 1.59% | 1.73% | 2.04% |
Source: Ownwell
Property Tax Assessment Values Across Carbondale, Illinois
In Carbondale, 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 local 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. In Carbondale, 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. For instance, the highest median tax bill in Carbondale is $1,658 in the 62902 zip code, while the lowest is $944 in the 62901 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Carbondale Assessed Value
$70,191
Average Johnson County Assessed Value
$71,244
Average Illinois Assessed Value
$194,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Carbondale, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62901 | $22,271 | $34,266 | $44,184 | $49,794 | $73,793 |
| 62902 | $35,533 | $73,095 | $130,251 | $174,826 | $203,671 |
Source: Ownwell
Property Tax Bills Across Carbondale, Illinois
In Carbondale, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. This assessed value is a percentage of the property's market value. For instance, with a median home price of $70,191, the assessed value is used to determine the tax bill. The tax rate in Carbondale is then applied to this assessed value to calculate the final tax bill. Several factors influence the tax bill, including property type, exemptions, and local tax rates. Homeowners in Carbondale can expect tax bills that vary widely, with the 25th percentile at $668 and the 75th percentile at $1,958. The 90th percentile sees tax bills as high as $2,949. The highest median tax bill in the area is $1,658 in the 62902 zip code, while the lowest is $944 in the 62901 zip code. Understanding these factors helps homeowners anticipate their property tax obligations and plan their finances accordingly.
Average Carbondale Tax Bill
$1,075
Average Johnson County Tax Bill
$1,237
Average Illinois Tax Bill
$4,715
Average United States Tax Bill
$2,690
Property Tax Bills Across Carbondale, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62901 | $543 | $822 | $944 | $1,207 | $1,634 |
| 62902 | $480 | $640 | $1,658 | $2,561 | $3,048 |
Source: Ownwell