Ingraham, Clay County, Illinois Property Taxes

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

Median Ingraham, IL effective property tax rate: 1.64%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Ingraham, IL home value: $49,455
Median annual Ingraham, IL tax bill: $832, $1,568 lower than the national median property tax bill of $2,400.

How are property taxes in Clay County calculated?

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

Last Updated March 1, 2025

Ingraham, Clay County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.64%

Estimate Property Tax Bill

$811

$753

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

Property Tax Rates Across Ingraham, Clay County, Illinois

Local government entities set property tax rates, which can vary widely within a state. Each county annually estimates its required budget for services and divides this by the total value of all taxable property within its jurisdiction to determine the property tax rate. This is the core of the annual process, though votes and laws also play a role in setting tax rates and budgets.

In Ingraham, located in Clay County, Illinois, the effective property tax rate is 1.64%. This rate is higher than the national median property tax rate of 1.02%, indicating a more substantial property tax burden compared to the national average. However, it aligns with Illinois's median property tax rates, reflecting the state's overall trend toward higher property taxes.

Despite the higher tax rate, understanding these figures is crucial for property owners in Ingraham, as it helps them anticipate their tax obligations and explore potential tax appeal or exemption opportunities. By comparing Ingraham's effective property tax rate to other cities in Illinois and the broader U.S., property owners can make informed decisions about their investments and financial planning.

Property Tax Rates Across Ingraham, Clay County, Illinois

Source: Ownwell

1.45%

1.70%

1.94%

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 Ingraham Taxx Rate

1.64%

Median Effective Clay County Taxx Rate

1.78%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

0.99%

Property Tax Rates Across Ingraham, Clay County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62434	0.96%	1.08%	1.64%	2.19%	2.33%

Source: Ownwell

Property Tax Assessment Values Across Ingraham, Clay County, Illinois

When examining property taxes in Ingraham, 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 Clay 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. Assessment notices: In Clay County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of the year. 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 Ingraham. For example, the median home price in Ingraham is $49,455, with tax bills ranging significantly across the county. 62434 has the highest median home price at $49,455.

Property Tax Assessment Values Across Ingraham, Clay County, Illinois

Source: Ownwell

$29,055

$39,255

$49,455

Median Ingraham Market Value

$49,455

Median Clay County Market Value

$42,012

Median Illinois Market Value

$194,700

Median United States Market Value

$244,900

Property Tax Assessment Values Across Ingraham, Clay County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62434	$14,311	$29,728	$49,455	$80,438	$114,174

Source: Ownwell

Property Tax Bills Across Ingraham, Clay County, Illinois

In Ingraham, located in Clay 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 market value of the property. The local tax rate is then applied to this assessed value to determine the annual tax bill. Factors such as changes in the local tax rate, property improvements, and fluctuations in the real estate market can all impact the assessed value and, consequently, the tax bill. Homeowners in Ingraham face a median tax bill of $832, which is significantly lower than the national median of $2,400. However, for some, the tax bill can reach up to $1,788 at the 90th percentile. Ownwell offers valuable services to help homeowners in Ingraham reduce their property tax bills by identifying potential savings through appeals and exemptions. By leveraging local expertise and a deep understanding of the property tax system, Ownwell ensures homeowners only pay their fair share.

Property Tax Bills Across Ingraham, Clay County, Illinois

Source: Ownwell

$334

$583

$832

Median Ingraham Tax Bill

$832

Median Clay County Tax Bill

$639

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,690

Property Tax Bills Across Ingraham, Clay County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62434	$201	$324	$832	$1,099	$1,788

Source: Ownwell