Pleasant Hill, Illinois Property Taxes
The median property tax rate in Pleasant Hill, IL is 2.51%, considerably higher than both the national median of 0.99% and the Illinois state median of 2.35%. With the median home value in Pleasant Hill, the typical annual property tax bill reaches $2,049, exceeding the national median of $2,690. Property taxes in Pleasant Hill 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 Pleasant Hill'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 Pleasant Hill 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
Pleasant Hill, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.51%
Estimate Property Tax Bill
$2,049
$2,002
Ownwell’s Pleasant Hill Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pleasant Hill with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pleasant Hill 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 Pleasant Hill, Illinois
Property taxes in Pleasant Hill, Illinois, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pleasant Hill is 2.51%, significantly higher than both the Illinois state median and the U.S. national median of 0.99%. Local government entities within Pleasant Hill set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pleasant Hill 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 Pleasant Hill's effective property tax rate to other counties in Illinois and the national median. For comparison, the zip code 62366 has the highest median property tax rate of 2.51%, while the same zip code also has the lowest median tax rate of 2.51%. Understanding how these cities compare with Pleasant Hill provides valuable insights into the varying tax landscape across Calhoun County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Pleasant Hill Tax Rate
2.51%
Average Calhoun County Tax Rate
2.36%
Average Illinois Tax Rate
2.35%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pleasant Hill, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62366 | 2.51% | 2.51% | 2.51% | 2.51% | 2.51% |
Source: Ownwell
Property Tax Assessment Values Across Pleasant Hill, Illinois
In Pleasant Hill, 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 local 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 Pleasant Hill, 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 Pleasant Hill helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 62366 has both the highest and lowest median tax bills, standing at $2049.
Average Pleasant Hill Assessed Value
$81,618
Average Calhoun County Assessed Value
$86,121
Average Illinois Assessed Value
$194,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Pleasant Hill, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62366 | $81,618 | $81,618 | $81,618 | $81,618 | $81,618 |
Source: Ownwell
Property Tax Bills Across Pleasant Hill, Illinois
In Pleasant Hill, IL, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This value is a percentage of the market value of the property. The tax rate is then applied to the assessed value to determine the annual tax bill. Factors such as the property's location, size, and improvements can influence its assessed value. Homeowners in Pleasant Hill face a median property tax bill of $2,049. This figure stands out when compared to the national median property tax rate of 0.99%. The assessed values in Pleasant Hill reflect the market conditions and local government budget needs, which are critical in determining the tax rate. With tax bills at the 25th, 75th, and 90th percentiles all aligning at $2,049, it indicates a consistent assessment approach within the region. For homeowners, understanding these factors is crucial as they directly impact annual financial planning and long-term investment in their property.
Average Pleasant Hill Tax Bill
$2,049
Average Calhoun County Tax Bill
$1,736
Average Illinois Tax Bill
$4,715
Average United States Tax Bill
$2,690
Property Tax Bills Across Pleasant Hill, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62366 | $2,049 | $2,049 | $2,049 | $2,049 | $2,049 |
Source: Ownwell