New Athens, Illinois Property Taxes
The median property tax rate in New Athens, IL is 2.43%, considerably higher than both the national median of 0.99% and the Illinois state median of 2.35%. With the median home value in New Athens being $99,603, the typical annual property tax bill reaches $2,310, which is below the national median of $2,690. Property taxes in New Athens 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 New Athens' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of New Athens 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
New Athens, 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 New Athens Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in New Athens with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in New Athens 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 New Athens, Illinois
Property taxes in New Athens, Illinois, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in New Athens is 2.43%, significantly higher than both the Illinois state median and the U.S. national median of 0.99%. Local government entities within New Athens set these rates annually, and they can vary significantly across different neighborhoods. Each year, New Athens 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 New Athens' effective property tax rate to other areas in Illinois and the national median. For comparison, the zip code 62264 has the highest median property tax rate of 2.43%, while the same zip code also has the lowest median tax rate of 2.43%. Understanding how these cities compare with New Athens 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 New Athens Tax Rate
2.43%
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 New Athens, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62264 | 1.75% | 2.14% | 2.43% | 2.64% | 2.92% |
Source: Ownwell
Property Tax Assessment Values Across New Athens, Illinois
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in New Athens, 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 St. Clair 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 New Athens, 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. The median home price in New Athens is $99,603, with tax bills ranging from $1,496 at the 25th percentile to $4,971 at the 90th percentile. The zip code 62264 has the highest and lowest median tax bill at $2,310. Being aware of these valuation processes in New Athens helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average New Athens Assessed Value
$99,603
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 New Athens, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62264 | $35,659 | $71,250 | $99,603 | $142,236 | $203,806 |
Source: Ownwell
Property Tax Bills Across New Athens, Illinois
In New Athens, St. Clair 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 tax bill. Factors such as the property's location, size, and condition, as well as local government budgets and school district funding needs, play significant roles in this calculation. Homeowners in New Athens face varying tax bills, with the 25th percentile at approximately $1,496 and the 75th percentile at about $3,383. The 90th percentile tax bill can reach up to $4,971. These figures illustrate the range of tax burdens that homeowners may experience, depending on their property's assessed value and specific circumstances. The median home price in the area is $99,603, and the local property tax rate can be compared to the national median rate of 0.99%. Understanding these factors is crucial for homeowners to anticipate their annual property tax obligations and budget accordingly.
Average New Athens Tax Bill
$2,310
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 New Athens, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62264 | $729 | $1,496 | $2,310 | $3,383 | $4,971 |
Source: Ownwell