Batchtown, Illinois Property Taxes
The median property tax rate in Batchtown, IL is 2.31%, significantly higher than the national median of 0.99% but slightly below the Illinois state median of 2.35%. With a median home value of $85,629 in Batchtown, the typical annual property tax bill amounts to $1,710, which is lower than the national median of $2,690. Property taxes in Batchtown are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Batchtown's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Batchtown or another part of Calhoun County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Batchtown, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.31%
Estimate Property Tax Bill
$1,978
$1,836
Ownwell’s Batchtown Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Batchtown with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Batchtown to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Batchtown, Illinois
Property taxes in Batchtown, Illinois, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Batchtown is 2.31%, significantly higher than both the Illinois state median and the U.S. national median of 0.99%. Local government entities within Batchtown set these rates annually, and they can vary significantly across different neighborhoods. Each year, Batchtown estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Batchtown's effective property tax rate to other counties in Illinois and the national median. For comparison, the 62006 zip code has the highest median property tax rate of 2.31%, while the same zip code also has the lowest median tax rate of 2.31%. Understanding how these cities compare with Batchtown provides valuable insights into the varying tax landscape across Calhoun County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Batchtown Tax Rate
2.31%
Average Calhoun County Tax Rate
2.36%
Average Illinois Tax Rate
2.35%
Average United States Tax Rate
0.99%
Property Tax Rates Across Batchtown, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62006 | 1.36% | 1.95% | 2.31% | 2.53% | 2.53% |
Source: Ownwell
Property Tax Assessment Values Across Batchtown, Illinois
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Batchtown, Calhoun County, Illinois. The market value represents the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. For tax purposes, this value is estimated by the local assessment authority. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Batchtown, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. Understanding these valuation concepts can help property owners better navigate their tax responsibilities and comprehend how their property taxes are determined. For instance, the highest median tax bill in Batchtown is $1,710 in the 62006 zip code, while the lowest median tax bill is also $1,710 in the same zip code. Being aware of these processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Batchtown Assessed Value
$85,629
Average Calhoun County Assessed Value
$86,121
Average Illinois Assessed Value
$194,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Batchtown, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62006 | $32,378 | $55,762 | $85,629 | $158,337 | $220,880 |
Source: Ownwell
Property Tax Bills Across Batchtown, Illinois
Property tax bills in Batchtown, located in Calhoun County, IL, are calculated based on the assessed value of a property and the local tax rate. The assessed value is typically a percentage of the market value of the home, which in Batchtown has a median home price of $85,629. The local tax rate is applied to this assessed value to determine the annual tax bill. Several factors influence the tax bill, including the property's location, size, and any applicable exemptions or deductions. For instance, Batchtown's property tax bills range significantly, with the 25th percentile at $1,050 and the 75th percentile at $3,083. The 90th percentile tax bill can reach up to $4,804, reflecting the variability in property values and tax rates within the area. These property taxes are crucial for funding local services such as schools, infrastructure, and public safety, directly impacting homeowners. Compared to the national median property tax rate of 0.99%, Batchtown's tax rates can vary, affecting how much residents pay annually.
Average Batchtown Tax Bill
$1,710
Average Calhoun County Tax Bill
$1,736
Average Illinois Tax Bill
$4,715
Average United States Tax Bill
$2,690
Property Tax Bills Across Batchtown, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62006 | $585 | $1,050 | $1,710 | $3,083 | $4,804 |
Source: Ownwell