Bond County, Illinois Property Taxes

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

Median Bond County effective property tax rate: 2.52%, significantly higher than the national median of 1.02%.
Median Bond County home value: $56,846
Median annual Bond County tax bill: $1,285, $1,115 lower than the national median property tax bill of $2,400.

How are property taxes in Bond County calculated?

Property taxes in Bond County 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 your county's property tax system, exemptions, and reduction opportunities can lead to significant savings. Whether you live in Greenville or another part of Bond County, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Bond County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.52%

Estimate Property Tax Bill

$1,433

$1,329

Ownwell’s Bond County Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Bond County with just two data points. By entering your property's estimated assessed value, our calculator applies Bond County’s median effective tax rate of 1.31% 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 more 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 Bond County. With a median property tax bill of $1,314, Bond County is below the national median of $2,400, making it an attractive area for property investment. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Bond County, Illinois

Local government entities set tax rates, which can vary widely within a state. This variation occurs because each county estimates its required budget annually to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws are involved in setting tax rates and budgets, this is the annual process in a nutshell.

Below, you can compare Bond County's effective property tax rate to other counties in Illinois or the U.S. median property tax rate. Bond County has a median property tax rate of 2.52%, which is significantly higher than the national median of 1.02%. Within Bond County, Pierron boasts the highest median property tax rate at 2.84%, while New Douglas has the lowest at 2.10%. This disparity highlights the importance of understanding local tax rates, as they can significantly impact property owners' annual expenses. By comparing these figures, property owners can better assess their tax obligations and explore potential savings through appeals or exemptions.

Property Tax Rates Across Bond County, Illinois

Source: Ownwell

2.10%

2.47%

2.84%

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 Bond County Tax Rate

2.52%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Bond County, Illinois

City	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
Donnellson	2.10%	2.19%	2.51%	2.60%	2.67%
Greenville	1.71%	2.26%	2.69%	3.43%	3.43%
Keyesport	1.08%	1.79%	2.45%	2.66%	2.66%
Mulberry Grove	1.35%	1.98%	2.52%	2.80%	3.12%
New Douglas	1.59%	2.04%	2.10%	2.69%	2.78%
Pierron	1.51%	2.06%	2.84%	2.84%	2.84%
Pocahontas	1.08%	1.93%	2.42%	2.95%	3.51%
Smithboro	1.33%	1.95%	2.46%	2.77%	2.91%
Sorento	1.02%	1.86%	2.33%	2.88%	3.69%
Carlyle	N/A	N/A	N/A	N/A	N/A
Coffeen	N/A	N/A	N/A	N/A	N/A
Highland	N/A	N/A	N/A	N/A	N/A
Panama	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Bond County, Illinois

When examining property taxes in Bond County, 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 Bond County Assessor's Office 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 Bond 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 Bond County.

For example, the median tax bill in Bond County is $1,730, with tax bills ranging significantly across the county. Greenville has the highest median home price at $68,493.

Property Tax Assessment Values Across Bond County, Illinois

Source: Ownwell

$34,928

$51,711

$68,493

Median Bond County Market Value

$56,846

Median Illinois Market Value

$194,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Bond County, Illinois

City	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
Donnellson	$10,406	$26,096	$65,925	$84,056	$114,349
Greenville	$5,001	$27,027	$68,493	$108,788	$202,084
Keyesport	$10,992	$44,338	$54,177	$69,714	$101,307
Mulberry Grove	$3,755	$16,432	$34,928	$81,950	$123,241
New Douglas	$9,125	$43,911	$62,820	$68,544	$81,337
Pierron	$7,026	$21,634	$42,387	$82,161	$119,455
Pocahontas	$10,867	$27,412	$56,454	$82,898	$120,205
Smithboro	$12,609	$33,991	$65,487	$97,228	$155,190
Sorento	$2,079	$18,717	$41,790	$73,038	$95,190
Carlyle	N/A	N/A	N/A	N/A	N/A
Coffeen	N/A	N/A	N/A	N/A	N/A
Highland	N/A	N/A	N/A	N/A	N/A
Panama	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Bond County, Illinois

In Bond County, IL, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The assessed value is a percentage of the market value, and this figure is then multiplied by the local tax rate to determine the property tax bill. Several factors influence the tax amount, including the property's location and any applicable exemptions. For instance, Greenville has the highest median tax bill in the county at $1,730, while Pierron has the lowest at $776. These variations highlight how location within the county can significantly affect tax bills. The 25th percentile tax bill is $520, while the 75th percentile reaches $2,205, indicating a wide range in tax liabilities among homeowners. The 90th percentile tax bill climbs to $3,789, demonstrating the potential for significantly higher taxes for some properties. With the national median property tax bill at $2,400, Bond County's tax bills can be relatively more affordable, but they vary considerably based on specific circumstances.

Property Tax Bills Across Bond County, Illinois

Source: Ownwell

$776

$1,253

$1,730

Median Bond County Tax Bill

$1,285

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Bond County, Illinois

City	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
Donnellson	$287	$666	$1,416	$1,932	$2,833
Greenville	$271	$857	$1,730	$2,754	$5,605
Keyesport	$286	$666	$1,138	$1,650	$2,287
Mulberry Grove	$86	$369	$799	$2,016	$2,806
New Douglas	$243	$447	$1,281	$1,442	$1,721
Pierron	$199	$599	$776	$1,911	$2,739
Pocahontas	$222	$490	$1,239	$1,894	$2,984
Smithboro	$308	$833	$1,212	$2,207	$4,545
Sorento	$90	$304	$940	$1,593	$2,056
Carlyle	N/A	N/A	N/A	N/A	N/A
Coffeen	N/A	N/A	N/A	N/A	N/A
Highland	N/A	N/A	N/A	N/A	N/A
Panama	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

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