East Carondelet, Illinois Property Taxes
The median property tax rate in East Carondelet, IL is 2.56%, 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 Carondelet at $71,988, the typical annual property tax bill reaches $1,686, which is below the national median of $2,690. Property taxes in East Carondelet 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 Carondelet'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 Carondelet or another part of St. Clair County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
East Carondelet, 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 EAST CARONDELET Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in EAST CARONDELET with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in EAST CARONDELET 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 Carondelet, Illinois
Property taxes in East Carondelet, Illinois, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in East Carondelet is 2.56%, significantly higher than both the Illinois state median and the U.S. national median of 0.99%. Local government entities within East Carondelet set these rates annually, and they can vary significantly across different neighborhoods. Each year, East Carondelet 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 Carondelet's effective property tax rate to other counties in Illinois and the national median. For comparison, the 62240 zip code has both the highest and lowest median property tax rate of 2.56%. Understanding how these cities compare with East Carondelet provides valuable insights into the varying tax landscape across St. Clair County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average East Carondelet Tax Rate
2.56%
Average St. Clair County Tax Rate
2.55%
Average Illinois Tax Rate
2.35%
Average United States Tax Rate
0.99%
Property Tax Rates Across East Carondelet, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62240 | 1.60% | 2.11% | 2.56% | 2.77% | 3.25% |
Source: Ownwell
Property Tax Assessment Values Across East Carondelet, Illinois
In East Carondelet, Illinois, understanding the difference between "market value" and "assessed value" is essential 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 such as location, property condition, and economic trends. This value is estimated by the St. Clair 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 East Carondelet, 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 Carondelet helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price here is $71,988, with tax bills ranging from $892 at the 25th percentile to $4,325 at the 90th percentile. The highest and lowest median tax bills both stand at $1,686 in the 62240 zip code.
Property Tax Assessment Values Across East Carondelet, Illinois
Source: Ownwell
$2,100
$2,560,473
$5,118,846
Average East Carondelet Assessed Value
$71,988
Average St. Clair County Assessed Value
$110,946
Average Illinois Assessed Value
$194,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across East Carondelet, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62240 | $12,792 | $34,916 | $71,988 | $117,812 | $186,078 |
Source: Ownwell
Property Tax Bills Across East Carondelet, Illinois
In East Carondelet, St. Clair County, IL, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is typically a percentage of the property's market value, which is determined by the county assessor. Several factors influence this assessed value, including the property's size, age, location, and any improvements made. For homeowners in East Carondelet, the median property tax bill is $1,686, based on a median home price of $71,988. This is higher than the national median property tax rate of 0.99%. Homeowners in the 25th percentile pay around $892, while those in the 75th percentile face bills up to $2,693. At the 90th percentile, the tax bill can reach as high as $4,325. These property taxes fund essential local services such as schools, public safety, and infrastructure, directly impacting the community's quality of life. For homeowners, understanding these factors is crucial for financial planning and property investment decisions.
Average East Carondelet Tax Bill
$1,686
Average St. Clair County Tax Bill
$2,735
Average Illinois Tax Bill
$4,715
Average United States Tax Bill
$2,690
Property Tax Bills Across East Carondelet, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62240 | $367 | $892 | $1,686 | $2,693 | $4,325 |
Source: Ownwell