Johnsonville, Illinois Property Taxes
The median property tax rate in Johnsonville, 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 Johnsonville at $65,254, the typical annual property tax bill reaches $1,617, which exceeds the national median of $2,690. Property taxes in Johnsonville 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 Johnsonville'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 Johnsonville or another part of Wayne County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Johnsonville, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.06%
Estimate Property Tax Bill
$1,344
$1,314
Ownwell’s Johnsonville Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, or potential buyers to estimate their annual property taxes in Johnsonville with just two key data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Johnsonville to provide an accurate estimate of your property tax bill. This valuable resource helps you understand potential tax liabilities. For those interested in more detailed insights, you can explore trends at the neighborhood level by scrolling down. Your property’s assessed value is determined by the county for property tax purposes, and it includes any applicable exemptions.
Property Tax Rates Across Johnsonville, Illinois
Property taxes in Johnsonville, Illinois, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Johnsonville is 2.06%, significantly higher than both the Illinois state median and the U.S. national median of 0.99%. Local government entities within Johnsonville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Johnsonville 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 Johnsonville's effective property tax rate to other areas in Illinois and the national median. For comparison, the zip code 62850 has the highest median property tax rate of 2.06%, while the same zip code also has the lowest median tax rate of 2.06%. Understanding how these areas compare with Johnsonville provides valuable insights into the varying tax landscape across Wayne County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Johnsonville Tax Rate
2.06%
Average Wayne County Tax Rate
2.01%
Average Illinois Tax Rate
2.35%
Average United States Tax Rate
0.99%
Property Tax Rates Across Johnsonville, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62850 | 1.02% | 1.79% | 2.06% | 2.27% | 2.90% |
Source: Ownwell
Property Tax Assessment Values Across Johnsonville, Illinois
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Johnsonville, 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 Wayne 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. In Johnsonville, 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 Johnsonville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 62850 has the highest median tax bill at $1,617, while the lowest median tax bill is also found in the same zip code at $1,617.
Average Johnsonville Assessed Value
$65,254
Average Wayne County Assessed Value
$66,714
Average Illinois Assessed Value
$194,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Johnsonville, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62850 | $2,104 | $27,494 | $65,254 | $132,850 | $187,282 |
Source: Ownwell
Property Tax Bills Across Johnsonville, Illinois
In Johnsonville, located in Wayne County, IL, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. Homeowners in Johnsonville face varying tax bills depending on several factors, including the assessed value of their property and the specific tax rate set by local authorities. For instance, the median home price in Johnsonville is $65,254. The tax bills in the city range significantly, with the 25th percentile at $610 and the 75th percentile reaching $3,058. The highest tax bills, in the 90th percentile, can go up to $5,441. Compared to the national median property tax rate of 0.99%, Johnsonville's rates can vary widely, impacting homeowners differently based on their property's assessed value. This variability means homeowners need to be aware of how their property is assessed and the local tax rates to understand their potential tax obligations fully.
Average Johnsonville Tax Bill
$1,617
Average Wayne County Tax Bill
$1,458
Average Illinois Tax Bill
$4,715
Average United States Tax Bill
$2,690
Property Tax Bills Across Johnsonville, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62850 | $442 | $610 | $1,617 | $3,058 | $5,441 |
Source: Ownwell