Mount Carroll, Carroll County, Illinois Property Taxes
Median MOUNT CARROLL, IL effective property tax rate: 2.63%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median MOUNT CARROLL, IL home value: $83,770
Median annual MOUNT CARROLL, IL tax bill: $2,181, $219 lower than the national median property tax bill of $2,400.
How are property taxes in Carroll calculated?
Property taxes in MOUNT CARROLL, 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 MOUNT CARROLL’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in MOUNT CARROLL, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Mount Carroll, Carroll County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.63%
Estimate Property Tax Bill
$2,203
$2,044
Property Tax Rates Across Mount Carroll, Carroll County, Illinois
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 Mount Carroll Tax Rate
2.63%
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 Carroll County Tax Rate
2.34%
Median Effective Illinois Tax Rate
2.35%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Mount Carroll, Carroll County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61053 | 1.59% | 2.14% | 2.63% | 3.11% | 3.66% |
Source: Ownwell
Property Tax Assessment Values Across Mount Carroll, Carroll County, Illinois
When examining property taxes in Mount Carroll, 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 Carroll 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 Carroll County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Mount Carroll.
For example, the median home price in Mount Carroll is $83,770, with tax bills ranging significantly across the county. Zip code 61053 has the highest median home price at $83,770.
Property Tax Assessment Values Across Mount Carroll, Carroll County, Illinois
Source: Ownwell
$54,285
$121,495
$188,704
Median Mount Carroll Market Value
$83,770
Median Carroll County Market Value
$86,910
Median Illinois Market Value
$194,700
Median United States Market Value
$235,294
Property Tax Assessment Values Across Mount Carroll, Carroll County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61053 | $35,626 | $54,208 | $83,770 | $125,520 | $174,892 |
Source: Ownwell
Property Tax Bills Across Mount Carroll, Carroll County, Illinois
In Mount Carroll, Carroll County, IL, property tax bills are determined by assessing the property's market value and applying the local tax rate. The median home price in the area is $83,770. Homeowners typically face tax bills ranging from the 25th percentile at $1,243 to the 75th percentile at $3,624, with the 90th percentile reaching up to $5,565. This range reflects the variation in property values and tax rates within the region. Compared to the national median property tax bill of $2,400, Mount Carroll's tax bills can be relatively high, impacting homeowners' financial planning and housing costs.
Ownwell offers a solution for homeowners looking to reduce their property tax burden. By providing property tax appeal and exemption services, Ownwell can help ensure that homeowners are not overpaying on their tax bills. Our team of experts analyzes property assessments and identifies potential errors or opportunities for exemptions, potentially saving homeowners significant amounts on their annual tax obligations. This service not only alleviates financial strain but also ensures fair taxation for property owners in Mount Carroll.
Median Mount Carroll Tax Bill
$2,181
Median Carroll County Tax Bill
$2,178
Median Illinois Tax Bill
$4,715
Median United States Tax Bill
$2,400
Property Tax Bills Across Mount Carroll, Carroll County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61053 | $649 | $1,243 | $2,181 | $3,624 | $5,565 |
Source: Ownwell