East Dubuque, Illinois Property Taxes
The median property tax rate in East Dubuque, IL is 2.27%, considerably higher than both the national median of 0.99% and the Illinois state median of 2.35%. With the median home value in East Dubuque at $37,074, the typical annual property tax bill reaches $760, which is below the national median of $2,690. Property taxes in East Dubuque 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 East Dubuque'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 East Dubuque 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
East Dubuque, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.27%
Estimate Property Tax Bill
$842
$822
Ownwell’s EAST DUBUQUE Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in EAST DUBUQUE with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in EAST DUBUQUE 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 East Dubuque, Illinois
Property taxes in East Dubuque, Illinois, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in East Dubuque is 2.27%, significantly higher than both the Illinois state median and the U.S. national median of 0.99%. Local government entities within East Dubuque set these rates annually, and they can vary significantly across different neighborhoods. Each year, East Dubuque 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 East Dubuque's effective property tax rate to other counties in Illinois and the national median. For comparison, the 61025 zip code has the highest median property tax rate of 2.27%, while the same zip code also has the lowest median tax rate of 2.27%. Understanding how these cities compare with East Dubuque provides valuable insights into the varying tax landscape across Jo Daviess County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average East Dubuque Tax Rate
2.27%
Average Jo Daviess County Tax Rate
2.30%
Average Illinois Tax Rate
2.35%
Average United States Tax Rate
0.99%
Property Tax Rates Across East Dubuque, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61025 | 0.23% | 1.46% | 2.27% | 2.60% | 2.60% |
Source: Ownwell
Property Tax Assessment Values Across East Dubuque, Illinois
In East Dubuque, 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 Jo Daviess County Assessment Office 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 East Dubuque, 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 East Dubuque helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in East Dubuque is $37,074, with tax bills ranging from $296 at the 25th percentile to $3,553 at the 90th percentile. The zip code 61025 has the highest median tax bill of $760.
Average East Dubuque Assessed Value
$37,074
Average Jo Daviess County Assessed Value
$98,005
Average Illinois Assessed Value
$194,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across East Dubuque, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61025 | $24,547 | $28,001 | $37,074 | $59,094 | $121,076 |
Source: Ownwell
Property Tax Bills Across East Dubuque, Illinois
In East Dubuque, located in Jo Daviess County, IL, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to compute the annual property tax bill. The median home price in East Dubuque is $37,074, which provides a baseline for understanding how tax bills can vary. Factors such as property size, location, and improvements can influence the assessed value, thereby affecting the tax bill. Homeowners in East Dubuque can expect a wide range of property tax bills. For instance, the tax bill at the 25th percentile is $296, while at the 75th percentile, it rises to $1,419. At the 90th percentile, it can reach as high as $3,553. The highest median tax bill recorded in the area is $760, which is significantly lower than the national median property tax rate of 0.99%. This variability means that homeowners must stay informed about their property assessments and any changes in local tax rates to manage their financial planning effectively.
Average East Dubuque Tax Bill
$760
Average Jo Daviess County Tax Bill
$2,492
Average Illinois Tax Bill
$4,715
Average United States Tax Bill
$2,690
Property Tax Bills Across East Dubuque, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61025 | $72 | $296 | $760 | $1,419 | $3,553 |
Source: Ownwell