Mt Sterling, Brown County, Illinois Property Taxes
Median MT STERLING, IL effective property tax rate: 2.58%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%. Median MT STERLING, IL home value: $58,290. Median annual MT STERLING, IL tax bill: $1,444, $956 lower than the national median property tax bill of $2,400. How are property taxes in Brown calculated? Property taxes in MT 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 MT STERLING’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in MT STERLING, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Mt Sterling, Brown County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.58%
Estimate Property Tax Bill
$1,504
$1,396
Ownwell’s MT STERLING Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in MT STERLING with just two data points. By entering your property's estimated assessed value, our calculator applies MT 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 Mt Sterling, Brown County, Illinois
Local government entities set tax rates, and they can vary significantly within Illinois. Each county annually estimates its budget for services and divides it by the total value of taxable property, resulting in the property tax rate. This process, although influenced by votes and laws, fundamentally revolves around this calculation. In MT STERLING, located in Brown County, the effective property tax rate stands at 2.58%. This rate is notably higher than the national median property tax rate of 1.02%, reflecting a substantial difference in tax burdens. Compared to the national median property tax bill of $2400, the financial implications for homeowners in MT STERLING can be significant. This disparity highlights the importance of understanding local tax rates and seeking potential property tax appeals or exemptions to mitigate costs. By comparing MT STERLING's effective property tax rate with other cities in Illinois and the national average, property owners can gain valuable insights into their tax obligations and explore opportunities for savings.
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 Mt Sterling Tax Rate
2.58%
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 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 Mt Sterling, Brown County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62353 | 2.37% | 2.49% | 2.58% | 2.71% | 2.88% |
Source: Ownwell
Property Tax Assessment Values Across Mt Sterling, Brown County, Illinois
When examining property taxes in MT 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 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 MT STERLING. For example, the median home price in MT STERLING is $58,290, with tax bills ranging significantly across the county. 62353 has the highest median home price at $58,290.
Property Tax Assessment Values Across Mt Sterling, Brown County, Illinois
Source: Ownwell
$58,290
$97,620
$136,950
Median Mt Sterling Market Value
$58,290
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 Mt Sterling, Brown County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62353 | $9,933 | $29,625 | $58,290 | $111,330 | $191,865 |
Source: Ownwell
Property Tax Bills Across Mt Sterling, Brown County, Illinois
Property tax bills in MT Sterling, located in Brown County, IL, are calculated based on the assessed value of the property, which is a percentage of the market value. Homeowners in this area experience a median property tax bill of $1,444, which is below the national median of $2,400. The tax bill can vary significantly, with amounts ranging from $975 at the 25th percentile to as high as $5,028 at the 90th percentile. Several factors influence these variations, including property size, location, and improvements made to the home. For homeowners, understanding these factors is crucial as they directly impact their annual financial obligations. Ownwell specializes in property tax appeals and exemptions, helping homeowners navigate the complexities of property tax assessments. By leveraging expertise and local market insights, Ownwell can identify opportunities for tax savings, ensuring that homeowners pay only their fair share. This can lead to significant savings, especially for those in higher tax brackets within the region.
Median Mt Sterling Tax Bill
$1,444
Median Brown County Tax Bill
$2,224
Median Illinois Tax Bill
$4,715
Median United States Tax Bill
$2,400
Property Tax Bills Across Mt Sterling, Brown County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62353 | $629 | $975 | $1,444 | $2,681 | $5,028 |
Source: Ownwell