Dennison, Clark County, Illinois Property Taxes

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

Median Dennison, IL effective property tax rate: 1.93%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Dennison, IL home value: $80,343
Median annual Dennison, IL tax bill: $1,513, $887 lower than the national median property tax bill of $2,400.

How are property taxes in Clark County calculated?

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

Last Updated March 1, 2025

Dennison, Clark County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.93%

Estimate Property Tax Bill

$1,551

$1,439

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

Property Tax Rates Across Dennison, Clark County, Illinois

Local government entities determine tax rates, which can vary significantly within a state. Annually, each county calculates 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. This process, while influenced by votes and laws, is the core of setting annual tax rates and budgets.

In Dennison, located in Clark County, Illinois, the effective property tax rate is worth examining. Compared to other cities in Illinois, Dennison's rate stands out. Illinois itself has a median property tax rate of 1.93%, which is significantly higher than the national median of 1.02%. This means that property owners in Dennison and across Illinois are paying more in property taxes compared to the average U.S. homeowner. While the national median property tax bill is $2,400, Illinois homeowners often see higher bills due to the elevated rate. Understanding these differences can help property owners make informed decisions and potentially seek tax appeal or exemption services.

Property Tax Rates Across Dennison, Clark County, Illinois

Source: Ownwell

1.93%

2.20%

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 Dennison Tax Rate

1.93%

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 Dennison, Clark County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62423	0.96%	1.60%	1.93%	2.18%	2.38%

Source: Ownwell

Property Tax Assessment Values Across Dennison, Clark County, Illinois

When examining property taxes in Dennison, 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 Clark 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 Clark 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 Dennison. For example, the median home price in Dennison is $80,343, with tax bills ranging significantly across the county. Zip code 62423 has the highest median home price at $80,343.

Property Tax Assessment Values Across Dennison, Clark County, Illinois

Source: Ownwell

$46,682

$68,260

$89,838

Median Dennison Market Value

$80,343

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 Dennison, Clark County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62423	$15,579	$44,814	$80,343	$144,316	$199,016

Source: Ownwell

Property Tax Bills Across Dennison, Clark County, Illinois

In Dennison, located in Clark County, IL, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. With a median home price of $80,343, homeowners in Dennison face a median property tax bill of $1,513, which is significantly lower than the national median of $2,400. However, tax bills can vary widely, with some homeowners paying as little as $725 and others as much as $4,083, depending on the specific characteristics and location of their property. Factors such as property size, improvements, and market conditions can influence these assessments. Ownwell assists homeowners by identifying potential inaccuracies in their property assessments and filing appeals on their behalf. By leveraging their expertise, Ownwell can help reduce property tax bills, ensuring homeowners are not overpaying and can save money year after year.

Property Tax Bills Across Dennison, Clark County, Illinois

Source: Ownwell

$866

$1,374

$1,881

Median Dennison Tax Bill

$1,513

Median Clark County Tax Bill

$1,431

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Dennison, Clark County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62423	$278	$725	$1,513	$2,893	$4,083

Source: Ownwell