Tamms, Alexander County, Illinois Property Taxes

Name: Property Tax Bills Across Tamms, Alexander County, Illinois
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Tamms, IL effective property tax rate: 2.14%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Tamms, IL home value: $50,742
Median annual Tamms, IL tax bill: $998, $1,402 lower than the national median property tax bill of $2,400.

How are property taxes in Alexander calculated?

Property taxes in Tamms, 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 Tamms’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Tamms, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Tamms, Alexander County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.14%

Estimate Property Tax Bill

$1,086

$1,008

Ownwell’s Tamms Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Tamms with just two data points. By entering your property's estimated assessed value, our calculator applies Tamms’ median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Alexander County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Tamms, 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.

Tamms in Alexander County, Illinois, has an effective property tax rate of 2.14%, which is significantly higher than the national median property tax rate of 1.02%. This difference can lead to a substantial impact on property owners in Tamms, resulting in higher property tax bills compared to the national median.

Understanding these rates is crucial for property owners looking to manage their expenses effectively. By comparing Tamms’ property tax rate to other cities in Illinois and the U.S., property owners can gain insights into potential savings through property tax appeals or exemptions. Engaging with a property tax consultant can be an effective strategy to navigate these challenges and potentially reduce the tax burden.

Property Tax Rates Across Tamms, Alexander County, Illinois

Source: Ownwell

2.04%

3.92%

5.81%

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 Tamms Taxx Rate

2.14%

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 Tamms, Alexander County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62988	1.14%	1.69%	2.14%	2.71%	3.22%

Source: Ownwell

Property Tax Assessment Values Across Tamms, Alexander County, Illinois

When examining property taxes in Tamms, 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 Assessor 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. Assessment notices: 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 Tamms. For example, the median home price in Tamms is $50,742, with tax bills ranging significantly across the county. Zip code 62988 has the highest median home price at $50,742.

Property Tax Assessment Values Across Tamms, Alexander County, Illinois

Source: Ownwell

$9,579

$32,363

$55,146

Median Tamms Market Value

$50,742

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 Tamms, Alexander County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62988	$8,094	$23,282	$50,742	$91,401	$125,396

Source: Ownwell

Property Tax Bills Across Tamms, Alexander County, Illinois

In Tamms, located in Alexander County, IL, property tax bills are determined by the assessed value of a home, which is a percentage of the market value, multiplied by the local tax rate. For homeowners in Tamms, the median home price is $50,742. The property tax bill can vary significantly, with the 25th percentile at $519 and the 75th percentile at $2,062, reflecting differences in property values and tax rates. The 90th percentile tax bill reaches $2,749, indicating that some homeowners face considerably higher taxes. The median tax bill in the area is $998, which is below the national median property tax bill of $2,400, offering some relief to local homeowners. However, high tax bills can still be a burden. Ownwell assists homeowners in Tamms by identifying potential savings through appealing assessed values and securing applicable exemptions. By leveraging expert knowledge, Ownwell helps homeowners reduce their property tax bills, ensuring they pay only their fair share.

Property Tax Bills Across Tamms, Alexander County, Illinois

Source: Ownwell

$457

$1,145

$1,833

Median Tamms Tax Bill

$998

Median Alexander County Tax Bill

$956

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,690

Property Tax Bills Across Tamms, Alexander County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62988	$199	$519	$998	$2,062	$2,749

Source: Ownwell