Dalton City, Illinois Property Taxes
The median property tax rate in Dalton City, IL is 2.06%, considerably higher than both the national median of 0.99% and the Illinois state median of 2.35%. With the median home value in Dalton City at $83,640, the typical annual property tax bill reaches $1,687, which is below the national median of $2,690. Property taxes in Dalton City 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 Dalton City'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 Dalton City 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
Dalton City, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.06%
Estimate Property Tax Bill
$1,723
$1,684
Ownwell’s Dalton City Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dalton City with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dalton City 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 Dalton City, Illinois
Property taxes in Dalton City, Illinois, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dalton City is 2.06%, significantly higher than both the Illinois state median and the U.S. national median of 0.99%. Local government entities within Dalton City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dalton City 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 Dalton City's effective property tax rate to other counties in Illinois and the national median. For comparison, the 61925 zip code has the highest median property tax rate of 2.06%, while the 61925 zip code also has the lowest median tax rate of 2.06%. Understanding how these cities compare with Dalton City provides valuable insights into the varying tax landscape across Moultrie County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dalton City Tax Rate
2.06%
Average Moultrie County Tax Rate
2.15%
Average Illinois Tax Rate
2.35%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dalton City, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61925 | 1.43% | 1.77% | 2.06% | 2.42% | 2.59% |
Source: Ownwell
Property Tax Assessment Values Across Dalton City, Illinois
In Dalton City, 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 Moultrie County Assessor 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 Dalton City, 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 Dalton City helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 61925 has the highest median tax bill of $1,687, which can be used as a benchmark for understanding local tax variations.
Average Dalton City Assessed Value
$83,640
Average Moultrie County Assessed Value
$97,648
Average Illinois Assessed Value
$194,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Dalton City, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61925 | $39,889 | $66,920 | $83,640 | $101,367 | $133,541 |
Source: Ownwell
Property Tax Bills Across Dalton City, Illinois
In Dalton City, property tax bills are calculated based on the assessed value of a property, which is determined by the local tax assessor. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. Various factors influence the assessed value, including the property's market value, location, and any improvements or renovations made. For homeowners, this means that changes in the real estate market or upgrades to their homes can significantly impact their tax bills. In Moultrie County, where Dalton City is located, the median property tax rate is relatively close to the national median of 0.99%. Homeowners in Dalton City experience a range of tax bills, with the 25th percentile at $1,156 and the 75th percentile at $2,178. For those in the 90th percentile, tax bills can reach up to $3,018. This variation highlights the importance of understanding how property assessments and local tax rates affect individual tax obligations.
Average Dalton City Tax Bill
$1,687
Average Moultrie County Tax Bill
$2,121
Average Illinois Tax Bill
$4,715
Average United States Tax Bill
$2,690
Property Tax Bills Across Dalton City, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61925 | $670 | $1,156 | $1,687 | $2,178 | $3,018 |
Source: Ownwell