Carlinville, Illinois Property Taxes
The median property tax rate in Carlinville, IL is 2.01%, 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 Carlinville at $90,999, the typical annual property tax bill reaches $1,837, falling below the national median of $2,690. Property taxes in Carlinville 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 Carlinville'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 Carlinville 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
Carlinville, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.01%
Estimate Property Tax Bill
$1,829
$1,787
Ownwell’s Carlinville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Carlinville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Carlinville 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 Carlinville, Illinois
Property taxes in Carlinville, Illinois, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Carlinville is 2.01%, significantly higher than both the Illinois state median and the U.S. national median of 0.99%. Local government entities within Carlinville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Carlinville 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 Carlinville's effective property tax rate to other counties in Illinois and the national median. For comparison, the 62626 zip code has the highest median property tax rate of 2.01%, while the same zip code also has the lowest median tax rate of 2.01%. Understanding how these cities compare with Carlinville provides valuable insights into the varying tax landscape across Macoupin County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Carlinville Tax Rate
2.01%
Average Macoupin County Tax Rate
1.93%
Average Illinois Tax Rate
2.35%
Average United States Tax Rate
0.99%
Property Tax Rates Across Carlinville, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62626 | 1.31% | 1.74% | 2.01% | 2.44% | 2.71% |
Source: Ownwell
Property Tax Assessment Values Across Carlinville, Illinois
In Carlinville, 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 Macoupin County Assessment Office 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 Carlinville, 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 Carlinville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 62626, for example, has a median tax bill of $1,837, highlighting the potential for significant savings through proper management.
Average Carlinville Assessed Value
$90,999
Average Macoupin County Assessed Value
$80,204
Average Illinois Assessed Value
$194,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Carlinville, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62626 | $34,825 | $59,694 | $90,999 | $150,624 | $218,169 |
Source: Ownwell
Property Tax Bills Across Carlinville, Illinois
In Carlinville, located in Macoupin County, IL, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is a percentage of the market value of the property. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors that influence the tax bill include the property's market value, the local tax rate, and any applicable exemptions or deductions. For example, the median home price in Carlinville is $90,999, and the tax bill for the 25th percentile is $1,133, while the 75th percentile tax bill is $3,077. Homeowners in the highest median tax bracket can expect a bill around $1,837. These property taxes directly impact homeowners by contributing to local services such as schools, infrastructure, and emergency services. Comparatively, the property tax rate in Carlinville is notably higher than the national median property tax rate of 0.99%, affecting overall affordability for residents.
Average Carlinville Tax Bill
$1,837
Average Macoupin County Tax Bill
$1,490
Average Illinois Tax Bill
$4,715
Average United States Tax Bill
$2,690
Property Tax Bills Across Carlinville, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62626 | $540 | $1,133 | $1,837 | $3,077 | $4,537 |
Source: Ownwell