Garden Prairie, Boone County, Illinois Property Taxes
Median Garden Prairie, IL effective property tax rate: 2.54%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Garden Prairie, IL home value: $184,194
Median annual Garden Prairie, IL tax bill: $4,513, $2,113 higher than the national median property tax bill of $2,400.
How are property taxes in Boone County calculated?
Property taxes in Garden Prairie, 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 Garden Prairie’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Garden Prairie, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Garden Prairie, Boone County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.54%
Estimate Property Tax Bill
$4,679
$4,342
Property Tax Rates Across Garden Prairie, Boone County, Illinois
Local government entities are responsible for setting property tax rates, which can vary significantly across different regions. Each county annually estimates its budget to provide essential services and divides this by the total value of all taxable properties within its area. This calculation determines the property tax rate. Although there are votes and laws involved in setting these rates and budgets, this is the basic process followed each year.
In Garden Prairie, located in Boone County, the effective property tax rate is notably higher than the national median. This places Garden Prairie among the regions with the highest property tax rates in Illinois. With Illinois itself having one of the highest median property tax rates in the country, residents in Garden Prairie experience a substantial tax burden compared to other areas. In contrast, the national median property tax rate is significantly lower, highlighting the disparity between Garden Prairie and many other regions across the U.S. Understanding these differences is crucial for property owners considering tax appeal and exemption services to potentially reduce their tax liabilities.
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 Garden Prairie Tax Rate
2.54%
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 Boone County Tax Rate
2.69%
Median Effective Illinois Tax Rate
2.35%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Garden Prairie, Boone County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61038 | 2.02% | 2.34% | 2.54% | 2.73% | 2.80% |
Source: Ownwell
Property Tax Assessment Values Across Garden Prairie, Boone County, Illinois
When examining property taxes in Garden Prairie, 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 Boone 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 Boone County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of the season. 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 Garden Prairie. For example, the median home price in Garden Prairie is $184,194, with tax bills ranging significantly across the county. Zip code 61038 has the highest median home price at $184,194.
Property Tax Assessment Values Across Garden Prairie, Boone County, Illinois
Source: Ownwell
$148,732
$234,346
$319,959
Median Garden Prairie Market Value
$184,194
Median Boone County Market Value
$166,186
Median Illinois Market Value
$194,700
Median United States Market Value
$235,294
Property Tax Assessment Values Across Garden Prairie, Boone County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61038 | $80,202 | $114,771 | $184,194 | $255,177 | $340,924 |
Source: Ownwell
Property Tax Bills Across Garden Prairie, Boone County, Illinois
Median Garden Prairie Tax Bill
$4,513
Median Boone County Tax Bill
$4,339
Median Illinois Tax Bill
$4,715
Median United States Tax Bill
$2,400
Property Tax Bills Across Garden Prairie, Boone County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61038 | $1,664 | $2,668 | $4,513 | $6,514 | $8,795 |
Source: Ownwell