Marshall, Clark County, Illinois Property Taxes

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

Median Marshall, IL effective property tax rate: 1.95%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Marshall, IL home value: $89,838
Median annual Marshall, IL tax bill: $1,676, $724 lower than the national median property tax bill of $2,400.

How are property taxes in Clark calculated?

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

Last Updated March 1, 2025

Marshall, Clark County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.95%

Estimate Property Tax Bill

$1,752

$1,626

Ownwell’s Marshall Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Marshall with just two data points. By entering your property's estimated assessed value, our calculator applies Marshall’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 Marshall, Clark 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 Marshall’s effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S.

In Marshall, located in Clark County, property owners experience an effective tax rate of 1.95%. This rate is notably higher than the national median property tax rate of 1.02%. This means property owners in Marshall pay a larger share of their property's value in taxes compared to the national average. In Illinois, property tax rates are among the highest in the nation, with many counties exceeding the national median. Understanding these rates can help property owners make informed decisions when considering property tax appeals or exemptions.

Property Tax Rates Across Marshall, 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 Marshall Tax Rate

1.95%

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 Marshall, Clark County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62441	1.18%	1.71%	1.95%	2.30%	2.30%

Source: Ownwell

Property Tax Assessment Values Across Marshall, Clark County, Illinois

When examining property taxes in Marshall, 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 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 Marshall. For example, the median home price in Marshall is $89,838, with tax bills ranging significantly across the county. Zip code 62441 has the highest median home price at $89,838.

Property Tax Assessment Values Across Marshall, Clark County, Illinois

Source: Ownwell

$46,682

$68,260

$89,838

Median Marshall Market Value

$89,838

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 Marshall, Clark County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62441	$24,731	$53,508	$89,838	$139,467	$199,511

Source: Ownwell

Property Tax Bills Across Marshall, Clark County, Illinois

In Marshall, located in Clark County, IL, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Marshall is $89,838. Homeowners in this area typically face property tax bills ranging from $907 at the 25th percentile to $4,141 at the 90th percentile. The median tax bill in the region is $1,676, which is below the national median property tax bill of $2,400. This indicates that while the property tax rate in Marshall may be lower than the national median rate of 1.02%, the tax burden can still be significant for some homeowners. Factors such as property improvements and local tax levies can influence the final tax bill. Homeowners can benefit from Ownwell's expertise in property tax appeal and exemption services. By leveraging data and local knowledge, Ownwell helps homeowners identify discrepancies in assessed values and apply for eligible exemptions, potentially reducing their property tax bills and ensuring fair taxation.

Property Tax Bills Across Marshall, Clark County, Illinois

Source: Ownwell

$866

$1,374

$1,881

Median Marshall Tax Bill

$1,676

Median Clark County Tax Bill

$1,431

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Marshall, Clark County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62441	$387	$907	$1,676	$2,704	$4,141

Source: Ownwell