Avon, Illinois Property Taxes
The median property tax rate in Avon, IL is 2.64%, significantly higher than both the national median of 0.99% and the Illinois state median of 2.35%. With a median home value of $79,440 in Avon, the typical annual property tax bill reaches $2,161, still below the national median of $2,690. Property taxes in Avon are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Avon'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 Avon or another part of Warren County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Avon, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.64%
Estimate Property Tax Bill
$2,097
$2,049
Ownwell’s Avon Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Avon with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Avon 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 Avon, Illinois
Property taxes in Avon, Illinois, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Avon is 2.64%, significantly higher than both the Illinois state median and the U.S. national median of 0.99%. Local government entities within Avon set these rates annually, and they can vary significantly across different neighborhoods. Each year, Avon 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 Avon's effective property tax rate to other counties in Illinois and the national median. For comparison, the 61415 zip code has the highest median property tax rate of 2.64%, while the same zip code also has the lowest median tax rate of 2.64%. Understanding how these cities compare with Avon provides valuable insights into the varying tax landscape across Warren County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Avon Tax Rate
2.64%
Average Warren County Tax Rate
3.01%
Average Illinois Tax Rate
2.35%
Average United States Tax Rate
0.99%
Property Tax Rates Across Avon, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61415 | 1.58% | 2.16% | 2.64% | 2.68% | 2.72% |
Source: Ownwell
Property Tax Assessment Values Across Avon, Illinois
In Avon, 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 Warren 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 Avon, 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 Avon helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 61415 at $2,161, which is significantly higher than the national median property tax rate of 0.99%.
Average Avon Assessed Value
$79,440
Average Warren County Assessed Value
$47,250
Average Illinois Assessed Value
$194,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Avon, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61415 | $40,128 | $60,795 | $79,440 | $162,285 | $181,110 |
Source: Ownwell
Property Tax Bills Across Avon, Illinois
In Avon, Warren 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 median home price in Avon is $79,440. The local tax rate is applied to the assessed value to determine the annual tax bill. Several factors influence this calculation, including property size, location, and any applicable exemptions or abatements. For homeowners, understanding these factors is crucial as they directly impact the financial obligation. In Avon, the 25th percentile tax bill is approximately $931, while the 75th percentile tax bill reaches $4,170, and the 90th percentile tax bill is about $4,860. Comparatively, the national median property tax rate is 0.99%, which helps put Avon's rates into perspective. Homeowners in Avon should be aware of these figures to better manage their finances and consider appealing their property tax assessments if they believe they are overvalued.
Average Avon Tax Bill
$2,161
Average Warren County Tax Bill
$1,310
Average Illinois Tax Bill
$4,715
Average United States Tax Bill
$2,690
Property Tax Bills Across Avon, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61415 | $536 | $931 | $2,161 | $4,170 | $4,860 |
Source: Ownwell