Versailles, Brown County, Illinois Property Taxes

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

Median Versailles, IL effective property tax rate: 2.67%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Versailles, IL home value: $86,970
Median annual Versailles, IL tax bill: $2,154, $246 lower than the national median property tax bill of $2,400.

How are property taxes in Brown calculated?

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

Last Updated March 1, 2025

Versailles, Brown County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.67%

Estimate Property Tax Bill

$2,322

$2,155

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

Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting 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.

Versailles in Brown County, Illinois, exemplifies how property tax rates can differ significantly. The effective property tax rate here stands at a median of 2.67%, which is notably higher than the national median of 1.02%. This means homeowners in Versailles are likely to face higher property tax bills when compared to the national median bill of $2,400. Understanding these differences is crucial for property owners considering an appeal or exemption. By comparing Versailles’s property tax rate to other cities in Illinois and the U.S., homeowners can better assess their tax liabilities and explore potential savings through appeals or exemptions.

Property Tax Rates Across Versailles, 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 Versailles Tax Rate

2.67%

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 Versailles, Brown County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62378	1.81%	2.31%	2.67%	2.77%	2.87%

Source: Ownwell

Property Tax Assessment Values Across Versailles, Brown County, Illinois

When examining property taxes in Versailles, 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 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.

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 Versailles.

For example, the median home price in Versailles is $86,970, with tax bills ranging significantly across the county. Zip code 62378 has the highest median home price at $86,970.

Property Tax Assessment Values Across Versailles, Brown County, Illinois

Source: Ownwell

$58,290

$97,620

$136,950

Median Versailles Market Value

$86,970

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 Versailles, Brown County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62378	$18,738	$42,930	$86,970	$123,450	$193,557

Source: Ownwell

Property Tax Bills Across Versailles, Brown County, Illinois

In Versailles, located in Brown County, IL, property tax bills are calculated based on the assessed value of a home, which is a percentage of its estimated market value. The local tax rate is then applied to this assessed value to determine the tax bill. Various factors, such as local government budgets and school funding needs, influence these rates, impacting the final amount homeowners must pay. Homeowners in Versailles face a median property tax bill of $2,154, which aligns with the highest and lowest median tax bills within the same ZIP code. This figure is slightly below the national median property tax bill of $2,400, offering a comparative advantage. However, for those in the 90th percentile, tax bills can soar to $5,001, significantly impacting household budgets. Ownwell can assist homeowners by identifying potential discrepancies in property assessments and ensuring that they are not overpaying. By leveraging expertise in property tax appeals, Ownwell helps homeowners potentially lower their tax bills, easing the financial burden.

Property Tax Bills Across Versailles, Brown County, Illinois

Source: Ownwell

$1,444

$2,391

$3,338

Median Versailles Tax Bill

$2,154

Median Brown County Tax Bill

$2,224

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Versailles, Brown County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62378	$542	$1,089	$2,154	$3,133	$5,001

Source: Ownwell