Virginia, Cass County, Illinois Property Taxes

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

Median Virginia, IL effective property tax rate: 2.38%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Virginia, IL home value: $74,782
Median annual Virginia, IL tax bill: $1,820, $580 lower than the national median property tax bill of $2,400.

How are property taxes in Cass calculated?

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

Last Updated March 1, 2025

Virginia, Cass County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.38%

Estimate Property Tax Bill

$1,780

$1,652

Ownwell’s VIRGINIA Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in VIRGINIA with just two data points. By entering your property's estimated assessed value, our calculator applies VIRGINIA’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 Cass. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Virginia, Cass County, Illinois

Local government entities in Virginia, Cass County, IL, determine tax rates, which can fluctuate significantly within the state. Annually, each county estimates its required budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. Although votes and laws play a role in setting tax rates and budgets, this is the basic annual process. In Virginia, homeowners face an effective property tax rate of 2.38%, which is notably higher than the national median of 1.02%. This rate is consistent throughout Cass County, as both the highest and lowest median tax rates are the same. When compared to the national median property tax bill of $2,400, property owners in Virginia may find themselves paying significantly more due to the higher tax rate. Understanding these rates can empower homeowners to make informed decisions about property tax appeals and exemptions.

Property Tax Rates Across Virginia, Cass County, Illinois

Source: Ownwell

1.95%

2.16%

2.38%

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 Virginia Tax Rate

2.38%

Median Effective Cass County Tax Rate

2.27%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Virginia, Cass County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62691	1.65%	2.10%	2.38%	2.62%	2.88%

Source: Ownwell

Property Tax Assessment Values Across Virginia, Cass County, Illinois

When examining property taxes in Virginia, 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 Cass 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 Cass 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 Virginia. For example, the median home price in Virginia is $74,782, with tax bills ranging significantly across the county. Zip code 62691 has the highest median home price at $74,782.

Property Tax Assessment Values Across Virginia, Cass County, Illinois

Source: Ownwell

$64,650

$101,231

$137,812

Median Virginia Market Value

$74,782

Median Cass County Market Value

$72,645

Median Illinois Market Value

$194,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Virginia, Cass County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62691	$33,294	$50,790	$74,782	$115,766	$166,790

Source: Ownwell

Property Tax Bills Across Virginia, Cass County, Illinois

In Virginia, Cass County, IL, property tax bills are determined by assessing the property's market value and applying the local tax rate. With a median home price of $74,782, residents face property tax bills that vary significantly. The 25th percentile tax bill is $1,098, while the 75th percentile reaches $2,849, and the 90th percentile climbs to $4,201. Notably, the highest and lowest median tax bill in the area is $1,820, which is below the national median property tax bill of $2,400. These figures highlight the variability in tax obligations for homeowners.

Homeowners in Virginia, Cass County, can feel the financial impact of these taxes, especially if their property is assessed at the higher end of the spectrum. This is where Ownwell comes in. By offering property tax appeal and exemption services, Ownwell helps homeowners potentially lower their tax bills. With expert guidance, residents can ensure their property is fairly assessed, leading to significant savings and greater financial relief.

Property Tax Bills Across Virginia, Cass County, Illinois

Source: Ownwell

$1,478

$2,186

$2,893

Median Virginia Tax Bill

$1,820

Median Cass County Tax Bill

$1,681

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Virginia, Cass County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62691	$587	$1,098	$1,820	$2,849	$4,201

Source: Ownwell