Coulterville, Illinois Property Taxes
The median property tax rate in Coulterville, IL is 1.65%, considerably higher than both the national median of 0.99% and the Illinois state median of 2.35%. With the median home value in Coulterville, the typical annual property tax bill reaches $1,479, which exceeds the national median of $2,690. Property taxes in Coulterville 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 Coulterville'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 Coulterville 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
Coulterville, Illinois Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
2.35%
Estimate Property Tax Bill
$4,700
Ownwell’s Coulterville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Coulterville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Coulterville 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 Coulterville, Illinois
Property taxes in Coulterville, Illinois, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Coulterville is 1.65%, significantly higher than both the Illinois state median and the U.S. national median of 0.99%. Local government entities within Coulterville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Coulterville 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 Coulterville's effective property tax rate to other counties in Illinois and the national median. For comparison, the zip code 62237 has both the highest and lowest median property tax rate of 1.65%, indicating uniformity in tax rates across the region. Understanding how these cities compare with Coulterville provides valuable insights into the varying tax landscape across Perry County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Coulterville Tax Rate
1.65%
Average Perry County Tax Rate
1.89%
Average Illinois Tax Rate
2.35%
Average United States Tax Rate
0.99%
Property Tax Rates Across Coulterville, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62237 | 0.83% | 1.29% | 1.65% | 1.86% | 1.95% |
Source: Ownwell
Property Tax Assessment Values Across Coulterville, Illinois
In Coulterville, 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 Perry 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 Coulterville, 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 Coulterville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $1,479, found in zip code 62237.
Average Coulterville Assessed Value
$89,082
Average Perry County Assessed Value
$82,294
Average Illinois Assessed Value
$194,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Coulterville, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62237 | $22,680 | $51,701 | $89,082 | $134,481 | $174,868 |
Source: Ownwell
Property Tax Bills Across Coulterville, Illinois
In Coulterville, Perry County, IL, property tax bills are calculated based on the assessed value of a home, which is derived from its market value. The median home price in Coulterville is $89,082. Property taxes are determined by multiplying the assessed value by the local tax rate, which varies depending on the specific needs and budgets of local government entities, such as schools and public services. For homeowners, this means that their tax bill can vary significantly. For instance, the tax bill for the 25th percentile is $740, while the 75th percentile sees a tax bill of $2,504, and the 90th percentile reaches up to $3,328. These figures highlight the range of property tax burdens that can exist within the same community. The highest and lowest median tax bills in Perry County are both recorded at $1,479 in the 62237 zip code, reflecting a uniformity in tax assessments within that area. Compared to the national median property tax rate of 0.99%, Coulterville's rates can significantly impact homeowners' finances, making it essential to understand how these taxes are calculated and managed.
Average Coulterville Tax Bill
$1,479
Average Perry County Tax Bill
$1,554
Average Illinois Tax Bill
$4,715
Average United States Tax Bill
$2,690
Property Tax Bills Across Coulterville, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62237 | $304 | $740 | $1,479 | $2,504 | $3,328 |
Source: Ownwell