Pittsburg, Illinois Property Taxes
The median property tax rate in Pittsburg, IL is 2.11%, considerably higher than both the national median of 0.99% and the Illinois state median of 2.35%. With the median home value in Pittsburg, the typical annual property tax bill reaches $1,250, exceeding the national median of $2,690. Property taxes in Pittsburg 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 Pittsburg'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 Pittsburg 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
Pittsburg, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.11%
Estimate Property Tax Bill
$1,452
$1,419
Ownwell’s Pittsburg Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pittsburg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pittsburg 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 Pittsburg, Illinois
Property taxes in Pittsburg, Illinois, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pittsburg is 2.11%, significantly higher than the U.S. national median of 0.99%. Local government entities within Pittsburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pittsburg 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 Pittsburg's effective property tax rate to other counties in Illinois and the national median. For comparison, the 62974 zip code has both the highest and lowest median property tax rate of 2.11%. Understanding how these cities compare with Pittsburg 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 Pittsburg Tax Rate
2.11%
Average Williamson County Tax Rate
2.30%
Average Illinois Tax Rate
2.35%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pittsburg, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62974 | 1.10% | 1.66% | 2.11% | 2.39% | 2.63% |
Source: Ownwell
Property Tax Assessment Values Across Pittsburg, Illinois
In Pittsburg, 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 Pittsburg, 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 Pittsburg helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Pittsburg, the highest median tax bill is $1,250 in the 62974 zip code, while the lowest median tax bill is also $1,250 in the same zip code.
Average Pittsburg Assessed Value
$68,820
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 Pittsburg, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62974 | $11,640 | $33,472 | $68,820 | $127,800 | $189,142 |
Source: Ownwell
Property Tax Bills Across Pittsburg, Illinois
In Pittsburg, Illinois, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. The assessed value is typically a percentage of the home's market value. Homeowners in Pittsburg, located in Williamson County, face varying tax bills depending on several factors, including the specific zip code and the property's assessed value. For instance, the median home price in Pittsburg is $68,820. Property tax bills can range significantly within the city. The 25th percentile tax bill is around $583, while the 75th percentile tax bill reaches up to $2,518. At the 90th percentile, homeowners might see tax bills as high as $4,164. The median tax bill in the highest and lowest zip codes is $1,250. These taxes fund essential local services like schools, public safety, and infrastructure, directly impacting the quality of life in Pittsburg. Comparing these figures to the national median property tax rate of 0.99%, Pittsburg's rates reflect a diverse range of tax burdens on its residents.
Average Pittsburg Tax Bill
$1,250
Average Williamson County Tax Bill
$1,802
Average Illinois Tax Bill
$4,715
Average United States Tax Bill
$2,690
Property Tax Bills Across Pittsburg, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62974 | $190 | $583 | $1,250 | $2,518 | $4,164 |
Source: Ownwell