Keyesport, Bond County, Illinois Property Taxes
Median Keyesport, IL effective property tax rate: 2.45%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Keyesport, IL home value: $54,177
Median annual Keyesport, IL tax bill: $1,138, $1,262 lower than the national median property tax bill of $2,400.
How are property taxes in Bond County calculated?
Property taxes in Keyesport, 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 Keyesport’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Keyesport, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Keyesport, Bond County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.45%
Estimate Property Tax Bill
$1,327
$1,232
Ownwell’s Keyesport Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Keyesport with just two data points.
By entering your property's estimated assessed value, our calculator applies Keyesport’s 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 Bond County.
For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across Keyesport, Bond County, Illinois
Local government entities are responsible for setting property tax rates, which can significantly differ across a state. This variation is due to each county's annual process of estimating its budget needs for public services and dividing this by the total assessed value of all taxable properties within its area. This calculation determines the property tax rate. Despite the involvement of votes and legislation in setting these rates and budgets, this is the fundamental process followed each year.
In Keyesport, located in Bond County, the effective property tax rate is a reflection of this process. When comparing Keyesport's property tax rate to other cities in Illinois, it's essential to note the state's median property tax rate of 2.45%, which is considerably higher than the national median of 1.02%. This places Illinois among the states with some of the highest property tax rates in the country. Understanding these differences can help property owners make informed decisions about appealing property taxes or seeking exemptions, ultimately aiding in managing their property tax liabilities more effectively.
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 Keyesport Tax Rate
2.45%
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 Keyesport, Bond County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62253 | 1.08% | 1.79% | 2.45% | 2.66% | 2.66% |
Source: Ownwell
Property Tax Assessment Values Across Keyesport, Bond County, Illinois
When examining property taxes in Keyesport, 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 Bond 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 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 Keyesport. For example, the median home price in Keyesport is $54,177, with tax bills ranging significantly across the county. Zip code 62253 has the highest median home price at $54,177.
Property Tax Assessment Values Across Keyesport, Bond County, Illinois
Source: Ownwell
$34,928
$51,711
$68,493
Median Keyesport Market Value
$54,177
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 Keyesport, Bond County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62253 | $10,992 | $44,338 | $54,177 | $69,714 | $101,307 |
Source: Ownwell
Property Tax Bills Across Keyesport, Bond County, Illinois
In Keyesport, located in Bond County, IL, property tax bills are calculated based on the assessed value of a home. The median home price in this area is $54,177, and property taxes are levied accordingly. Homeowners typically face tax bills ranging from $666 at the 25th percentile to $1,650 at the 75th percentile, with the 90th percentile reaching $2,287. Although Bond County's median tax bill of $1,138 aligns with the zip code 62253, it is still below the national median property tax bill of $2,400.
Factors influencing property tax bills include the assessed value of the property and the local tax rate. These taxes can have a significant impact on homeowners, affecting their overall cost of living and financial planning. Ownwell assists homeowners by offering property tax appeal and exemption services. By accurately assessing the property's value and identifying potential exemptions, Ownwell helps reduce the tax burden, ensuring homeowners pay only their fair share. This service can lead to substantial savings, providing financial relief and peace of mind.
Median Keyesport Tax Bill
$1,138
Median Bond County Tax Bill
$1,285
Median Illinois Tax Bill
$4,715
Median United States Tax Bill
$2,400
Property Tax Bills Across Keyesport, Bond County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62253 | $286 | $666 | $1,138 | $1,650 | $2,287 |
Source: Ownwell