Kampsville, Illinois Property Taxes
The median property tax rate in Kampsville, IL is 2.54%, considerably higher than both the national median of 0.99% and the Illinois state median of 2.35%. With the median home value in Kampsville, the typical annual property tax bill reaches $1,832, which is lower than the national median of $2,690. Property taxes in Kampsville are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Kampsville's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Kampsville or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Kampsville, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.54%
Estimate Property Tax Bill
$2,287
$2,235
Ownwell’s Kampsville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kampsville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kampsville 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 Kampsville, Illinois
Property taxes in Kampsville, Illinois, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kampsville is 2.54%, significantly higher than both the Illinois state median and the U.S. national median of 0.99%. Local government entities within Kampsville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kampsville 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 Kampsville's effective property tax rate to other counties in Illinois and the national median. For comparison, the 62053 zip code has the highest median property tax rate of 2.54%, while also having the lowest median tax rate of 2.54%. Understanding how these cities compare with Kampsville 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 Kampsville Tax Rate
2.54%
Average Calhoun County Tax Rate
2.36%
Average Illinois Tax Rate
2.35%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kampsville, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62053 | 1.57% | 2.07% | 2.54% | 2.54% | 2.54% |
Source: Ownwell
Property Tax Assessment Values Across Kampsville, Illinois
In Kampsville, Illinois, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is 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. This value is estimated by the Calhoun County Appraisal District for tax purposes. 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 Kampsville, 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. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Kampsville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $1832, found in the zip code 62053.
Average Kampsville Assessed Value
$90,046
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 Kampsville, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62053 | $16,191 | $44,509 | $90,046 | $138,172 | $200,554 |
Source: Ownwell
Property Tax Bills Across Kampsville, Illinois
In Kampsville, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate is applied to this assessed value to determine the annual tax bill. For example, the median home price in Kampsville is $90,046. Homeowners in the 25th percentile pay around $903 annually, while those in the 75th percentile face bills of approximately $2,969. The tax bill can reach up to $4,881 for those in the 90th percentile. Several factors influence these tax bills, including property size, location within Calhoun County, and any applicable exemptions or deductions. The highest and lowest median tax bills in the area are both $1,832, specifically in the 62053 zip code. Compared to the national median property tax rate of 0.99%, Kampsville's tax rates can significantly impact homeowners, affecting their overall financial planning and housing affordability.
Average Kampsville Tax Bill
$1,832
Average Calhoun County Tax Bill
$1,736
Average Illinois Tax Bill
$4,715
Average United States Tax Bill
$2,690
Property Tax Bills Across Kampsville, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62053 | $355 | $903 | $1,832 | $2,969 | $4,881 |
Source: Ownwell