Manlius, Bureau County, Illinois Property Taxes
Median Manlius, IL effective property tax rate: 2.39%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Manlius, IL home value: $76,428
Median annual Manlius, IL tax bill: $1,660, $740 lower than the national median property tax bill of $2,400.
How are property taxes in Bureau calculated?
Property taxes in Manlius, 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 Manlius’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Manlius, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Manlius, Bureau County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.39%
Estimate Property Tax Bill
$1,827
$1,695
Property Tax Rates Across Manlius, Bureau County, Illinois
Local government entities in Illinois set property tax rates, which can vary widely within the state. Each year, counties like Bureau estimate their required budget to provide essential services. This budget is then divided by the total assessed value of all taxable property within the jurisdiction, resulting in the property tax rate. While votes and legislative measures play a role in determining tax rates and budgets, this is essentially the annual process.
In Manlius, located in Bureau County, the effective property tax rate is a point of interest for property owners. Compared to other cities in Illinois, Manlius's tax rate offers a unique perspective on how local governance impacts property taxes. Illinois has a notably high median property tax rate of 2.39%, which is significantly above the national median of 1.02%. This difference highlights the importance of understanding local tax dynamics. For property owners in Manlius, being informed about these rates is crucial for financial planning and making informed decisions about property investments.
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 Manlius Taxx Rate
2.39%
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 Bureau County Taxx Rate
2.33%
Median Effective Illinois Tax Rate
2.35%
Median Effective United States Tax Rate
0.99%
Property Tax Rates Across Manlius, Bureau County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61338 | 1.49% | 2.00% | 2.39% | 3.16% | 3.16% |
Source: Ownwell
Property Tax Assessment Values Across Manlius, Bureau County, Illinois
When examining property taxes in Manlius, Illinois, 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 Bureau 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.
In Bureau 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 Manlius.
For example, the median home price in Manlius is $76,428, with tax bills ranging significantly across the county. Zip code 61338 has the highest median home price at $76,428.
Property Tax Assessment Values Across Manlius, Bureau County, Illinois
Source: Ownwell
$45,459
$138,476
$231,492
Median Manlius Market Value
$76,428
Median Bureau County Market Value
$89,799
Median Illinois Market Value
$194,700
Median United States Market Value
$244,900
Property Tax Assessment Values Across Manlius, Bureau County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61338 | $31,657 | $52,433 | $76,428 | $93,156 | $123,112 |
Source: Ownwell
Property Tax Bills Across Manlius, Bureau County, Illinois
Median Manlius Tax Bill
$1,660
Median Bureau County Tax Bill
$2,024
Median Illinois Tax Bill
$4,715
Median United States Tax Bill
$2,690
Property Tax Bills Across Manlius, Bureau County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61338 | $629 | $1,079 | $1,660 | $2,358 | $2,823 |
Source: Ownwell