Alorton, Illinois Property Taxes
The median property tax rate in Alorton, IL is 3.10%, significantly higher than both the national median of 0.99% and the Illinois state median of 2.35%. With a median home value of $38,448, the typical annual property tax bill in Alorton reaches $1,192, surpassing the national median of $2,690. Property taxes in Alorton are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Alorton'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 Alorton 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
Alorton, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.1%
Estimate Property Tax Bill
$1,192
$1,165
Ownwell’s Alorton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Alorton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Alorton 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 Alorton, Illinois
Property taxes in Alorton, Illinois, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Alorton is 3.10%, significantly higher than both the Illinois state median and the U.S. national median of 0.99%. Local government entities within Alorton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Alorton 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 Alorton's effective property tax rate to other counties in Illinois and the national median. For comparison, the 62207 zip code has the highest median property tax rate of 3.10%, while the same zip code also has the lowest median tax rate of 3.10%. Understanding how these cities compare with Alorton provides valuable insights into the varying tax landscape across St. Clair County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Alorton Tax Rate
3.10%
Average St. Clair County Tax Rate
2.55%
Average Illinois Tax Rate
2.35%
Average United States Tax Rate
0.99%
Property Tax Rates Across Alorton, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62207 | 3.10% | 3.10% | 3.10% | 3.10% | 3.10% |
Source: Ownwell
Property Tax Assessment Values Across Alorton, Illinois
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Alorton, Illinois. 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 St. Clair 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 Alorton, 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. The median home price in Alorton is $38,448, with the 25th, 75th, and 90th percentile tax bills all reported at $1,192. The zip code with the highest median tax bill is 62207, and interestingly, it also has the lowest median tax bill at $1,192. By understanding 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Alorton Assessed Value
$38,448
Average St. Clair County Assessed Value
$110,946
Average Illinois Assessed Value
$194,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Alorton, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62207 | $38,448 | $38,448 | $38,448 | $38,448 | $38,448 |
Source: Ownwell
Property Tax Bills Across Alorton, Illinois
In Alorton, located in St. Clair County, IL, property tax bills are determined based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to calculate the tax bill. For homeowners in Alorton, the median home price is $38,448, and property tax bills typically fall around $1,192, regardless of the specific percentile, indicating a uniform tax rate across different property values. This tax rate is considerably higher than the national median property tax rate of 0.99%, reflecting the local economic conditions and funding needs. Factors such as local government budgets, school funding, and public services all influence the tax rate. For homeowners, this means that while property values in Alorton may be lower, the relative tax burden remains significant. This can impact overall housing affordability and the cost of homeownership, making it crucial for residents to understand and plan for their property tax obligations.
Average Alorton Tax Bill
$1,192
Average St. Clair County Tax Bill
$2,735
Average Illinois Tax Bill
$4,715
Average United States Tax Bill
$2,690
Property Tax Bills Across Alorton, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62207 | $1,192 | $1,192 | $1,192 | $1,192 | $1,192 |
Source: Ownwell