Johnston City, Illinois Property Taxes
The median property tax rate in Johnston City, IL is 2.12%, considerably higher than both the national median of 0.99% and the Illinois state median of 2.35%. With the median home value in Johnston City at $54,015, the typical annual property tax bill reaches $1,128, exceeding the national median of $2,690. Property taxes in Johnston 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 Johnston 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 Johnston 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
Johnston City, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.12%
Estimate Property Tax Bill
$1,145
$1,119
Ownwell’s Johnston City Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Johnston City with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Johnston 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 Johnston City, Illinois
Property taxes in Johnston City, Illinois, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Johnston City is 2.12%, significantly higher than both the Illinois state median and the U.S. national median of 0.99%. Local government entities within Johnston City set these rates annually, and they can vary considerably across different neighborhoods. Each year, Johnston 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 Johnston City's effective property tax rate to other counties in Illinois and the national median. For comparison, the 62951 zip code area has the highest median property tax rate of 2.12%, while the same 62951 zip code also has the lowest median tax rate of 2.12%. Understanding how these areas compare with Johnston City provides valuable insights into the varying tax landscape across Williamson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Johnston City Tax Rate
2.12%
Average Williamson County Tax Rate
2.30%
Average Illinois Tax Rate
2.35%
Average United States Tax Rate
0.99%
Property Tax Rates Across Johnston City, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62951 | 1.02% | 1.61% | 2.12% | 2.82% | 2.82% |
Source: Ownwell
Property Tax Assessment Values Across Johnston City, Illinois
In Johnston 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 Williamson 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 Johnston 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 Johnston City helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is found in zip code 62951, with a median tax bill of $1,128.
Average Johnston City Assessed Value
$54,015
Average Williamson County Assessed Value
$85,800
Average Illinois Assessed Value
$194,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Johnston City, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62951 | $15,630 | $34,770 | $54,015 | $93,922 | $146,535 |
Source: Ownwell
Property Tax Bills Across Johnston City, Illinois
In Johnston City, located in Williamson County, IL, property tax bills are calculated based on the assessed value of the property, which is a percentage of the market value. For instance, with a median home price of $54,015, the property tax bill can vary significantly. The assessed value is then multiplied by the local tax rate to determine the final tax bill. For homeowners in Johnston City, the 25th percentile tax bill is around $548, while the 75th percentile reaches $1,977, and the 90th percentile goes up to $3,112. These figures illustrate the range of property tax obligations depending on the property's assessed value and the applicable tax rate. The highest and lowest median tax bills in Johnston City are both recorded at $1,128, indicating some consistency in tax assessments within the area. Compared to the national median property tax rate of 0.99%, Johnston City homeowners face varying tax burdens that can significantly impact their annual expenses. Understanding these factors helps homeowners anticipate their property tax liabilities more accurately.
Average Johnston City Tax Bill
$1,128
Average Williamson County Tax Bill
$1,802
Average Illinois Tax Bill
$4,715
Average United States Tax Bill
$2,690
Property Tax Bills Across Johnston City, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62951 | $201 | $548 | $1,128 | $1,977 | $3,112 |
Source: Ownwell