Thomson, Carroll County, Illinois Property Taxes

Name: Property Tax Bills Across Thomson, Carroll County, Illinois
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Thomson, IL effective property tax rate: 2.55%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Thomson, IL home value: $90,400
Median annual Thomson, IL tax bill: $2,217, $183 lower than the national median property tax bill of $2,400.

How are property taxes in Carroll calculated?

Property taxes in Thomson, 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 Thomson’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Thomson, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Thomson, Carroll County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.55%

Estimate Property Tax Bill

$2,305

$2,139

Ownwell’s Thomson Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Thomson with just two data points.

By entering your property's estimated assessed value, our calculator applies Thomson’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations.

This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Carroll County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Thomson, Carroll County, Illinois

Local government entities set tax rates, which can vary widely within a state. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Thomson’s effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S.

Property Tax Rates Across Thomson, Carroll County, Illinois

Source: Ownwell

1.96%

2.36%

2.76%

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 Thomson Tax Rate

2.55%

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 Thomson, Carroll County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
61285	1.63%	2.15%	2.55%	2.92%	3.14%

Source: Ownwell

Property Tax Assessment Values Across Thomson, Carroll County, Illinois

When examining property taxes in Thomson, 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 Carroll County Assessor's Office 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 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 Thomson.

For example, the median home price in Thomson is $90,400, with tax bills ranging significantly across the county. Zip code 61285 has the highest median home price at $90,400.

Property Tax Assessment Values Across Thomson, Carroll County, Illinois

Source: Ownwell

$54,285

$121,495

$188,704

Median Thomson Market Value

$90,400

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 Thomson, Carroll County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
61285	$30,248	$54,240	$90,400	$136,812	$183,867

Source: Ownwell

Property Tax Bills Across Thomson, Carroll County, Illinois

In Thomson, Carroll County, IL, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor. This assessed value is a percentage of the property's market value. The tax rate is then applied to this assessed value to calculate the annual tax bill. Factors such as property improvements, local school district needs, and municipal budgets can influence the tax rate and, consequently, the tax bill. With a median home price of $90,400, homeowners in Thomson face a range of property tax bills. For instance, the 25th percentile tax bill is $1,193, while the 75th percentile reaches $3,601, and the 90th percentile can be as high as $5,353. Compared to the national median property tax bill of $2,400, Thomson's figures highlight the variability in tax burdens. Ownwell assists homeowners by identifying potential savings through appealing assessed values and ensuring all eligible exemptions are applied, helping to lower property tax bills and alleviate financial strain.

Property Tax Bills Across Thomson, Carroll County, Illinois

Source: Ownwell

$1,472

$2,673

$3,873

Median Thomson Tax Bill

$2,217

Median Carroll County Tax Bill

$2,178

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Thomson, Carroll County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
61285	$635	$1,193	$2,217	$3,601	$5,353

Source: Ownwell