Aviston, Illinois Property Taxes
The median property tax rate in Aviston, IL is 1.99%, considerably higher than both the national median of 0.99% and the Illinois state median of 2.35%. With the median home value in Aviston at $199,965, the typical annual property tax bill reaches $3,892, exceeding the national median of $2,690. Property taxes in Aviston are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Aviston's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Aviston or another part of Clinton County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Aviston, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.99%
Estimate Property Tax Bill
$3,979
$3,693
Ownwell’s Aviston Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Aviston with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Aviston to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Aviston, Illinois
Property taxes in Aviston, Illinois, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Aviston is 1.99%, significantly higher than both the Illinois state median and the U.S. national median of 0.99%. Local government entities within Aviston set these rates annually, and they can vary significantly across different neighborhoods. Each year, Aviston estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Aviston's effective property tax rate to other counties in Illinois and the national median. For comparison, the zip code 62216 has both the highest and the lowest median property tax rate of 1.99%. Understanding how these cities compare with Aviston provides valuable insights into the varying tax landscape across Clinton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Aviston Tax Rate
1.99%
Average Clinton County Tax Rate
2.02%
Average Illinois Tax Rate
2.35%
Average United States Tax Rate
0.99%
Property Tax Rates Across Aviston, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62216 | 1.67% | 1.87% | 1.99% | 2.07% | 2.19% |
Source: Ownwell
Property Tax Assessment Values Across Aviston, Illinois
In Aviston, Illinois, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Clinton County Assessor for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Aviston, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. The median home price in Aviston is $199,965, with tax bills ranging from $2,716 at the 25th percentile to $7,234 at the 90th percentile. The zip code with both the highest and lowest median tax bill is 62216, with a value of $3,892. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Aviston Assessed Value
$199,965
Average Clinton County Assessed Value
$140,970
Average Illinois Assessed Value
$194,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Aviston, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62216 | $105,210 | $144,450 | $199,965 | $265,388 | $347,280 |
Source: Ownwell
Property Tax Bills Across Aviston, Illinois
In Aviston, located in Clinton County, IL, property tax bills are calculated based on the assessed value of a home, which generally represents a percentage of its market value. The local tax rate is then applied to this assessed value to determine the final tax bill. For example, with a median home price of $199,965, homeowners can expect their tax bills to vary significantly. The 25th percentile tax bill is approximately $2,716, while at the 75th percentile, it can reach up to $5,256. At the 90th percentile, some homeowners may face tax bills as high as $7,234. These tax bills are influenced by various factors, including the home's assessed value, local tax rates, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, residents in Aviston may find their property taxes to be relatively higher, which can impact their overall cost of homeownership. This financial burden underscores the importance of understanding local property tax assessments and seeking potential avenues for reducing tax liabilities.
Average Aviston Tax Bill
$3,892
Average Clinton County Tax Bill
$2,760
Average Illinois Tax Bill
$4,715
Average United States Tax Bill
$2,690
Property Tax Bills Across Aviston, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62216 | $1,793 | $2,716 | $3,892 | $5,256 | $7,234 |
Source: Ownwell