Louisville, Clay County, Illinois Property Taxes
Median Louisville, IL effective property tax rate: 1.69%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Louisville, IL home value: $44,322
Median annual Louisville, IL tax bill: $631, $1,769 lower than the national median property tax bill of $2,400.
How are property taxes in Clay calculated?
Property taxes in Louisville, 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 Louisville’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Louisville, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Louisville, Clay County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.69%
Estimate Property Tax Bill
$749
$695
Ownwell’s Louisville Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Louisville with just two data points.
By entering your property's estimated assessed value, our calculator applies Louisville’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 Louisville, Clay County, Illinois
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 Louisville Taxx Rate
1.69%
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 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 Louisville, Clay County, Illinois
Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
62858 | 0.28% | 1.02% | 1.69% | 2.13% | 2.92% |
Source: Ownwell
Property Tax Assessment Values Across Louisville, Clay County, Illinois
Property Tax Assessment Values Across Louisville, Clay County, Illinois
Source: Ownwell

$29,055
$39,255
$49,455
Median Louisville Market Value
$44,322
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 Louisville, Clay County, Illinois
Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
62858 | $10,871 | $20,562 | $44,322 | $91,872 | $160,540 |
Source: Ownwell
Property Tax Bills Across Louisville, Clay County, Illinois
Median Louisville Tax Bill
$631
Median Clay County Tax Bill
$639
Median Illinois Tax Bill
$4,715
Median United States Tax Bill
$2,690
Property Tax Bills Across Louisville, Clay County, Illinois
Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
62858 | $69 | $192 | $631 | $1,683 | $3,114 |
Source: Ownwell