Pocahontas, Bond County, Illinois Property Taxes

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

Median Pocahontas, IL effective property tax rate: 2.42%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%. Median Pocahontas, IL home value: $56,454. Median annual Pocahontas, IL tax bill: $1,239, $1,161 lower than the national median property tax bill of $2,400.

How are property taxes in Bond County calculated?

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

Last Updated March 1, 2025

Pocahontas, Bond County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.42%

Estimate Property Tax Bill

$1,366

$1,268

Ownwell’s Pocahontas Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Pocahontas with just two data points. By entering your property's estimated assessed value, our calculator applies Pocahontas’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 Pocahontas, Bond County, Illinois

Local government entities determine property tax rates, which can differ significantly within a state. This variance is due to each county annually estimating its budget for essential services and dividing it by the total value of all taxable property within its borders. This calculation establishes the property tax rate. Although the process involves votes and legislation, this is the basic annual procedure.

In Pocahontas, located in Bond County, Illinois, the effective property tax rate is a crucial figure for homeowners. Comparing Pocahontas’s rate to other cities in Illinois and the national median provides valuable insight. Illinois has a median property tax rate significantly higher than the national median of 1.02%. This means that homeowners in Pocahontas may face higher property tax bills compared to the national average, impacting their overall cost of living. Understanding these rates and how they compare can help residents make informed decisions about property ownership and financial planning.

Property Tax Rates Across Pocahontas, 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 Pocahontas Tax Rate

2.42%

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 Pocahontas, Bond County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62275	1.08%	1.93%	2.42%	2.95%	3.51%

Source: Ownwell

Property Tax Assessment Values Across Pocahontas, Bond County, Illinois

When examining property taxes in Pocahontas, 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 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: Bond County sends assessment notices in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Pocahontas. For example, the median home price in Pocahontas is $56,454, with tax bills ranging significantly across the county. Zip code 62275 has the highest median home price at $56,454.

Property Tax Assessment Values Across Pocahontas, Bond County, Illinois

Source: Ownwell

$34,928

$51,711

$68,493

Median Pocahontas Market Value

$56,454

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 Pocahontas, Bond County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62275	$10,867	$27,412	$56,454	$82,898	$120,205

Source: Ownwell

Property Tax Bills Across Pocahontas, Bond County, Illinois

In Pocahontas, Bond County, IL, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The tax rate is applied to this assessed value to determine the annual tax bill. Homeowners in Pocahontas experience a range of property tax bills, with the 25th percentile paying around $490 and the 75th percentile facing bills of approximately $1,894. At the 90th percentile, tax bills can reach up to $2,984. The median home price in Pocahontas is $56,454, which influences the assessed value and subsequently the tax bill. Compared to the national median property tax bill of $2,400, Pocahontas homeowners face varying tax burdens based on their property values.

Ownwell assists homeowners in Pocahontas by identifying potential savings through property tax appeals. By evaluating the assessed value and ensuring it aligns with current market conditions, Ownwell helps homeowners potentially reduce their property tax bills. This service not only provides financial relief but also ensures that property taxes are fair and equitable.

Property Tax Bills Across Pocahontas, Bond County, Illinois

Source: Ownwell

$776

$1,253

$1,730

Median Pocahontas Tax Bill

$1,239

Median Bond County Tax Bill

$1,285

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Pocahontas, Bond County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62275	$222	$490	$1,239	$1,894	$2,984

Source: Ownwell