Shiloh, Illinois Property Taxes
The median property tax rate in Shiloh, IL is 2.23%, considerably higher than both the national median of 0.99% and the Illinois state median of 2.35%. With the median home value in Shiloh at $179,901, the typical annual property tax bill reaches $4,028, exceeding the national median of $2,690. Property taxes in Shiloh 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 Shiloh'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 Shiloh 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
Shiloh, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.23%
Estimate Property Tax Bill
$4,012
$3,920
Ownwell’s Shiloh Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Shiloh with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Shiloh 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 Shiloh, Illinois
Property taxes in Shiloh, Illinois, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Shiloh is 2.23%, significantly higher than both the Illinois state median and the U.S. national median of 0.99%. Local government entities within Shiloh set these rates annually, and they can vary significantly across different neighborhoods. Each year, Shiloh 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 Shiloh's effective property tax rate to other areas in Illinois and the national median. For comparison, the 62269 zip code has the highest median property tax rate of 2.23%, while the 62221 zip code has the lowest median tax rate of 2.23%. Understanding how these cities compare with Shiloh 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 Shiloh Tax Rate
2.23%
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 Shiloh, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62221 | 2.23% | 2.23% | 2.23% | 2.42% | 2.53% |
| 62269 | 2.23% | 2.23% | 2.23% | 2.31% | 2.61% |
Source: Ownwell
Property Tax Assessment Values Across Shiloh, Illinois
In Shiloh, 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 St. Clair 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 Shiloh, 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. For instance, the highest median tax bill in the area is $4,035 in the 62269 zip code, while the lowest median tax bill is $3,123 in the 62221 zip code. 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 Shiloh helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Shiloh Assessed Value
$179,901
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 Shiloh, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62221 | $137,741 | $138,622 | $140,091 | $168,986 | $186,322 |
| 62269 | $56,815 | $119,685 | $180,054 | $182,979 | $201,941 |
Source: Ownwell
Property Tax Bills Across Shiloh, Illinois
In Shiloh, St. Clair County, IL, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of the property's market value. The median home price in Shiloh is $179,901. Local tax authorities then apply the applicable tax rate to this assessed value to determine the tax bill. The median property tax rate in Illinois is higher than the national median of 0.99%. In Shiloh, tax bills can vary significantly, with the 25th percentile tax bill at $3,123 and the 75th percentile tax bill at $4,096. The 90th percentile tax bill reaches up to $4,535. These variations are influenced by factors such as property location within different zip codes, with the highest median tax bill recorded at $4,035 in zip code 62269 and the lowest median tax bill at $3,123 in zip code 62221. This system ensures that homeowners contribute to local services like schools and infrastructure based on their property's value.
Average Shiloh Tax Bill
$4,028
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 Shiloh, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62221 | $3,071 | $3,090 | $3,123 | $4,140 | $4,751 |
| 62269 | $1,723 | $3,367 | $4,035 | $4,095 | $4,506 |
Source: Ownwell