Olive Branch, Alexander County, Illinois Property Taxes
Median OLIVE BRANCH, IL effective property tax rate: 2.47%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median OLIVE BRANCH, IL home value: $50,154
Median annual OLIVE BRANCH, IL tax bill: $758, $1,642 lower than the national median property tax bill of $2,400.
How are property taxes in Alexander calculated?
Property taxes in OLIVE BRANCH, IL are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding OLIVE BRANCH’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in OLIVE BRANCH, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Olive Branch, Alexander County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.47%
Estimate Property Tax Bill
$1,239
$1,150
Property Tax Rates Across Olive Branch, Alexander County, Illinois
Local government entities set tax rates, which can vary widely within a state. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
Olive Branch in Alexander County, IL, has a notably higher property tax rate compared to the national median of 1.02%. The median property tax rate in Illinois is 2.47%, which is significantly above the national average and reflects the highest rate within the state. This means property owners in Olive Branch are subject to a considerable tax burden relative to other regions. Understanding these rates is crucial for property owners aiming to manage their expenses effectively. By comparing Olive Branch’s effective property tax rate to other cities in Illinois and the median property tax rates in the state and the U.S., property owners can better navigate their financial responsibilities and explore potential savings through tax appeals or exemptions.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Olive Branch Taxx Rate
2.47%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Alexander County Taxx Rate
2.47%
Median Effective Illinois Tax Rate
2.35%
Median Effective United States Tax Rate
0.99%
Property Tax Rates Across Olive Branch, Alexander County, Illinois
Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
62969 | 1.32% | 2.00% | 2.47% | 2.72% | 3.23% |
Source: Ownwell
Property Tax Assessment Values Across Olive Branch, Alexander County, Illinois
When examining property taxes in Olive Branch, IL, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Alexander County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Alexander County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Olive Branch. For example, the median home price in Olive Branch is $50,154, with tax bills ranging significantly across the county. Zip code 62969 has the highest median home price at $50,154.
Property Tax Assessment Values Across Olive Branch, Alexander County, Illinois
Source: Ownwell

$9,579
$32,363
$55,146
Median Olive Branch Market Value
$50,154
Median Alexander County Market Value
$44,430
Median Illinois Market Value
$194,700
Median United States Market Value
$244,900
Property Tax Assessment Values Across Olive Branch, Alexander County, Illinois
Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
62969 | $7,454 | $13,572 | $50,154 | $103,038 | $146,206 |
Source: Ownwell
Property Tax Bills Across Olive Branch, Alexander County, Illinois
Median Olive Branch Tax Bill
$758
Median Alexander County Tax Bill
$956
Median Illinois Tax Bill
$4,715
Median United States Tax Bill
$2,690
Property Tax Bills Across Olive Branch, Alexander County, Illinois
Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
62969 | $186 | $353 | $758 | $2,230 | $3,733 |
Source: Ownwell