Annapolis, Clark County, Illinois Property Taxes
Median ANNAPOLIS, IL effective property tax rate: 2.46%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median ANNAPOLIS, IL home value: $78,999
Median annual ANNAPOLIS, IL tax bill: $1,881, $519 lower than the national median property tax bill of $2,400.
How are property taxes in Clark calculated?
Property taxes in ANNAPOLIS, 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 ANNAPOLIS’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in ANNAPOLIS, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Annapolis, Clark County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.46%
Estimate Property Tax Bill
$1,943
$1,803
Property Tax Rates Across Annapolis, Clark County, Illinois
Local government entities set tax rates, which can vary widely within a state. This is because each county determines its necessary budget for services annually and divides it by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is essentially the annual process.
In Annapolis, located in Clark County, Illinois, the effective property tax rate is significantly higher than the national median rate of 1.02%. This places a considerable burden on property owners compared to the average U.S. homeowner. The median property tax rate in Illinois reflects this trend, standing well above the national median. This can impact housing affordability and the overall cost of living in Annapolis. Comparing Annapolis’s property tax rate to other cities in Illinois and the national average provides insight into the financial responsibilities faced by property owners in the area. Understanding these differences can help residents better manage their expenses and consider potential savings through property tax appeals or exemptions.
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 Annapolis Tax Rate
2.46%
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 Clark County Tax Rate
2.09%
Median Effective Illinois Tax Rate
2.35%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Annapolis, Clark County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62413 | 1.97% | 2.12% | 2.46% | 2.83% | 3.00% |
Source: Ownwell
Property Tax Assessment Values Across Annapolis, Clark County, Illinois
When examining property taxes in Annapolis, 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 Clark County assessor 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 Clark 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 Annapolis. For example, the median home price in Annapolis is $78,999, with tax bills ranging significantly across the county. ZIP code 62413 has the highest median home price at $78,999.
Property Tax Assessment Values Across Annapolis, Clark County, Illinois
Source: Ownwell
$46,682
$68,260
$89,838
Median Annapolis Market Value
$78,999
Median Clark County Market Value
$71,601
Median Illinois Market Value
$194,700
Median United States Market Value
$235,294
Property Tax Assessment Values Across Annapolis, Clark County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62413 | $20,647 | $44,278 | $78,999 | $107,776 | $133,707 |
Source: Ownwell
Property Tax Bills Across Annapolis, Clark County, Illinois
In Annapolis, located in Clark County, IL, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is typically a percentage of the property's market value, which is influenced by factors such as location, size, and condition of the home. The local tax rate is set by various taxing authorities, including schools and local government, and it can vary widely. For homeowners in Annapolis, the median property tax bill is $1,881, which is significantly lower than the national median of $2,400, offering some relief to homeowners. However, tax bills can range from the 25th percentile at $1,490 to the 90th percentile at $3,530, indicating variability based on property specifics.
Ownwell can assist homeowners by reviewing their property assessments to ensure accuracy and identifying potential exemptions or reductions. By appealing incorrect assessments or uncovering missed savings opportunities, Ownwell helps homeowners reduce their property tax burden, ensuring they only pay what is fair.
Median Annapolis Tax Bill
$1,881
Median Clark County Tax Bill
$1,431
Median Illinois Tax Bill
$4,715
Median United States Tax Bill
$2,400
Property Tax Bills Across Annapolis, Clark County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62413 | $682 | $1,490 | $1,881 | $2,538 | $3,530 |
Source: Ownwell