New Douglas, Bond County, Illinois Property Taxes
Median New Douglas, IL effective property tax rate: 2.10%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median New Douglas, IL home value: $62,820
Median annual New Douglas, IL tax bill: $1,281, $1,119 lower than the national median property tax bill of $2,400.
How are property taxes in Bond calculated?
Property taxes in New Douglas, 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 New Douglas’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in New Douglas, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
New Douglas, Bond County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.1%
Estimate Property Tax Bill
$1,319
$1,224
Property Tax Rates Across New Douglas, Bond 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. Below, you can compare New Douglas’s effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S.
New Douglas in Bond County, Illinois, has an effective property tax rate of 2.10%, which is significantly higher than the national median of 1.02%. This places a substantial burden on property owners compared to the national average. Homeowners in New Douglas face property tax bills that are more than twice the national median bill of $2,400, making it crucial for them to seek ways to optimize their tax liabilities. Understanding these figures highlights the importance of exploring property tax appeal and exemption services to potentially reduce the financial strain on homeowners in this region.
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 New Douglas Tax Rate
2.10%
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 New Douglas, Bond County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62074 | 1.59% | 2.04% | 2.10% | 2.69% | 2.78% |
Source: Ownwell
Property Tax Assessment Values Across New Douglas, Bond County, Illinois
When examining property taxes in New Douglas, 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.
Assessment notices in Bond County 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 New Douglas. For example, the median home price in New Douglas is $62,820, with tax bills ranging significantly across the county. Zip code 62074 has the highest median home price at $62,820.
Property Tax Assessment Values Across New Douglas, Bond County, Illinois
Source: Ownwell
$34,928
$51,711
$68,493
Median New Douglas Market Value
$62,820
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 New Douglas, Bond County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62074 | $9,125 | $43,911 | $62,820 | $68,544 | $81,337 |
Source: Ownwell
Property Tax Bills Across New Douglas, Bond County, Illinois
Median New Douglas Tax Bill
$1,281
Median Bond County Tax Bill
$1,285
Median Illinois Tax Bill
$4,715
Median United States Tax Bill
$2,400
Property Tax Bills Across New Douglas, Bond County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62074 | $243 | $447 | $1,281 | $1,442 | $1,721 |
Source: Ownwell