Mount Sterling, Brown County, Illinois Property Taxes

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

Median Mount Sterling, IL effective property tax rate: 2.55%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Mount Sterling, IL home value: $95,835
Median annual Mount Sterling, IL tax bill: $2,223, $177 lower than the national median property tax bill of $2,400.

How are property taxes in Brown County calculated?

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

Last Updated March 1, 2025

Mount Sterling, Brown County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.55%

Estimate Property Tax Bill

$2,444

$2,268

Ownwell’s Mount Sterling Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Mount Sterling with just two data points. By entering your property's estimated assessed value, our calculator applies Mount Sterling’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 Brown County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Mount Sterling, Brown County, Illinois

Local government entities set tax rates, which can vary widely within a state. This is due to each county estimating its required budget to provide services annually and dividing 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.

In Mount Sterling, located in Brown County, Illinois, the effective property tax rate stands at 2.55%. This is significantly higher than the national median property tax rate of 1.02%. The tax rate in Mount Sterling is also representative of the highest and lowest rates within the area, indicating a uniformity in tax rates across the region. This means that property owners in Mount Sterling face a higher tax burden compared to the national average.

For property owners, understanding these rates is crucial, as they impact the overall cost of owning property. With Illinois having some of the highest property tax rates in the nation, property tax consulting services can be invaluable in navigating potential savings and ensuring fair assessments.

Property Tax Rates Across Mount Sterling, Brown County, Illinois

Source: Ownwell

2.55%

2.63%

2.71%

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 Mount Sterling Tax Rate

2.55%

Median Effective Brown County Tax Rate

2.59%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Mount Sterling, Brown County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62353	1.89%	2.24%	2.55%	2.65%	2.79%

Source: Ownwell

Property Tax Assessment Values Across Mount Sterling, Brown County, Illinois

When examining property taxes in Mount Sterling, 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 Brown 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 Brown County, assessment notices are sent 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 Mount Sterling. For example, the median home price in Mount Sterling is $95,835, with tax bills ranging significantly across the county. 62353 has the highest median home price at $95,835.

Property Tax Assessment Values Across Mount Sterling, Brown County, Illinois

Source: Ownwell

$58,290

$97,620

$136,950

Median Mount Sterling Market Value

$95,835

Median Brown County Market Value

$92,528

Median Illinois Market Value

$194,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Mount Sterling, Brown County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62353	$20,958	$49,162	$95,835	$157,185	$222,573

Source: Ownwell

Property Tax Bills Across Mount Sterling, Brown County, Illinois

In Mount Sterling, IL, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor. This assessed value is then multiplied by the local tax rate to calculate the annual tax bill. Factors such as the home’s location, size, and market conditions can influence the assessed value. In Mount Sterling, the property tax bill can range significantly, with the 25th percentile at $1,244 and the 75th percentile reaching $3,660. The highest median tax bill in the area is $2,223, which is slightly below the national median of $2,400. Homeowners in Mount Sterling can feel the impact of these tax bills on their annual budgets, making it crucial to ensure they are not overpaying. Ownwell can assist homeowners by reviewing their property tax assessments and identifying potential savings. By filing appeals and securing exemptions, Ownwell helps homeowners reduce their property tax bills, ensuring they only pay their fair share.

Property Tax Bills Across Mount Sterling, Brown County, Illinois

Source: Ownwell

$1,444

$2,391

$3,338

Median Mount Sterling Tax Bill

$2,223

Median Brown County Tax Bill

$2,224

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Mount Sterling, Brown County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62353	$635	$1,244	$2,223	$3,660	$5,411

Source: Ownwell