Longview, Illinois Property Taxes
The median property tax rate in Longview, IL is 2.10%, considerably higher than both the national median of 0.99% and the Illinois state median of 2.35%. With the median home value in Longview, the typical annual property tax bill reaches $2,433, slightly below the national median of $2,690. Property taxes in Longview are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Longview'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 Longview 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
Longview, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.1%
Estimate Property Tax Bill
$2,332
$2,278
Ownwell’s Longview Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Longview with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Longview 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 Longview, Illinois
Property taxes in Longview, Illinois, play a crucial role in funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in Longview is 2.10%, significantly higher than both the Illinois state median and the U.S. national median of 0.99%. Local government entities within Longview set these rates annually, and they can vary significantly across different neighborhoods. Each year, Longview 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 Longview's effective property tax rate to other counties in Illinois and the national median. For comparison, the 61852 zip code has the highest median property tax rate of 2.10%, while the same zip code also has the lowest median tax rate of 2.10%. Understanding how these cities compare with Longview provides valuable insights into the varying tax landscape across Douglas County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Longview Tax Rate
2.10%
Average Douglas County Tax Rate
2.16%
Average Illinois Tax Rate
2.35%
Average United States Tax Rate
0.99%
Property Tax Rates Across Longview, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61852 | 1.98% | 2.02% | 2.10% | 2.61% | 2.71% |
Source: Ownwell
Property Tax Assessment Values Across Longview, Illinois
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Longview, 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 Douglas 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 Longview, 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. For instance, the highest median tax bill in Longview is $2,433 in the 61852 zip code, while the lowest median tax bill is also $2,433 in the same zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Longview Assessed Value
$111,027
Average Douglas County Assessed Value
$101,652
Average Illinois Assessed Value
$194,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Longview, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61852 | $57,460 | $77,823 | $111,027 | $140,456 | $184,909 |
Source: Ownwell
Property Tax Bills Across Longview, Illinois
In Longview, Douglas 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 property tax bill. Homeowners in Longview can expect a range of tax bills, with the 25th percentile at $1,561 and the 75th percentile at $3,280. For those at the 90th percentile, the tax bill can reach up to $4,301. Several factors influence these tax bills, including the home's assessed value, local tax rates, and any applicable exemptions or deductions. Compared to the national median property tax rate of 0.99%, Longview's rates can significantly impact homeowners' finances. High property taxes can affect the overall affordability of owning a home, while lower taxes can offer some financial relief. In Longview, the highest and lowest median tax bills are both recorded at $2,433 in the zip code 61852, highlighting some consistency in tax assessments within the area.
Average Longview Tax Bill
$2,433
Average Douglas County Tax Bill
$2,157
Average Illinois Tax Bill
$4,715
Average United States Tax Bill
$2,690
Property Tax Bills Across Longview, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61852 | $1,177 | $1,561 | $2,433 | $3,280 | $4,301 |
Source: Ownwell