Savanna, Carroll County, Illinois Property Taxes
Median Savanna, IL effective property tax rate: 2.64%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Savanna, IL home value: $54,285
Median annual Savanna, IL tax bill: $1,472, $928 lower than the national median property tax bill of $2,400.
How are property taxes in Carroll calculated?
Property taxes in Savanna, 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 Savanna’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Savanna, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Savanna, Carroll County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.64%
Estimate Property Tax Bill
$1,433
$1,330
Property Tax Rates Across Savanna, Carroll County, Illinois
Local government entities in Illinois determine property tax rates, which can vary significantly across the state. Each county, including Carroll, calculates its required budget for services and divides it by the total value of all taxable property within its boundaries to determine the property tax rate. Although votes and laws play a role in setting these rates and budgets, this is essentially the annual process. In Savanna, located in Carroll County, the effective property tax rate is 2.64%. This rate is notably higher than the national median property tax rate of 1.02%.
This comparison highlights the variance within Illinois and between the state and national averages. For homeowners in Savanna, the property tax bill can be a significant expense, especially when compared to the national median property tax bill of $2,400. Understanding these differences can help property owners make informed financial decisions and consider appealing their property tax assessments if they believe they are over-assessed.
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 Savanna Tax Rate
2.64%
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 Savanna, Carroll County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61074 | 1.39% | 2.00% | 2.64% | 3.52% | 3.94% |
Source: Ownwell
Property Tax Assessment Values Across Savanna, Carroll County, Illinois
When examining property taxes in Savanna, 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. Carroll County 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.
Assessment notices: Carroll County sends assessment notices 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 Savanna. For example, the median home price in Savanna is $54,285, with tax bills ranging significantly across the county. Zip code 61074 has the highest median home price at $54,285.
Property Tax Assessment Values Across Savanna, Carroll County, Illinois
Source: Ownwell
$54,285
$121,495
$188,704
Median Savanna Market Value
$54,285
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 Savanna, Carroll County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61074 | $21,404 | $34,707 | $54,285 | $86,880 | $131,176 |
Source: Ownwell
Property Tax Bills Across Savanna, Carroll County, Illinois
In Savanna, located in Carroll County, IL, property tax bills are calculated based on the assessed value of the home, which is a percentage of the market value determined by the local assessor. The property tax rate is then applied to this assessed value to determine the tax bill. With a median home price of $54,285, homeowners in Savanna face property tax bills that vary significantly. For instance, the 25th percentile tax bill is $763, while the 75th percentile reaches $2,419, and the 90th percentile climbs to $3,771. These figures highlight the potential financial burden on homeowners, especially when compared to the national median property tax bill of $2,400.
Ownwell can assist homeowners in Savanna by providing expert property tax appeal services. By leveraging local market data and understanding the nuances of property assessments, Ownwell aims to reduce the assessed value, thereby lowering the tax bill. This not only helps homeowners save money but also ensures they are not overpaying on their property taxes.
Median Savanna Tax Bill
$1,472
Median Carroll County Tax Bill
$2,178
Median Illinois Tax Bill
$4,715
Median United States Tax Bill
$2,400
Property Tax Bills Across Savanna, Carroll County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61074 | $411 | $763 | $1,472 | $2,419 | $3,771 |
Source: Ownwell