Bartelso, Illinois Property Taxes
The median property tax rate in Bartelso, IL is 2.04%, significantly higher than both the national median of 0.99% and the Illinois state median of 2.35%. With the median home value in Bartelso at $166,590, the typical annual property tax bill reaches $3,251, far exceeding the national median of $2,690. Property taxes in Bartelso are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Bartelso'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 Bartelso 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
Bartelso, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.04%
Estimate Property Tax Bill
$3,398
$3,321
Ownwell’s Bartelso Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bartelso with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bartelso 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 Bartelso, Illinois
Property taxes in Bartelso, Illinois, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bartelso is 2.04%, significantly higher than both the Illinois state median and the U.S. national median of 0.99%. Local government entities within Bartelso set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bartelso 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 Bartelso's effective property tax rate to other areas in Illinois and the national median. For comparison, the 62218 zip code has the highest median property tax rate of 2.04%, while the same zip code also has the lowest median tax rate of 2.04%. Understanding how these areas compare with Bartelso 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 Bartelso Tax Rate
2.04%
Average Clinton County Tax Rate
2.02%
Average Illinois Tax Rate
2.35%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bartelso, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62218 | 1.57% | 1.84% | 2.04% | 2.18% | 2.43% |
Source: Ownwell
Property Tax Assessment Values Across Bartelso, Illinois
In Bartelso, 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 Appraisal District 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 Bartelso, 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 Bartelso is $166,590, with tax bills ranging from $2,008 at the 25th percentile to $6,460 at the 90th percentile. The highest and lowest median tax bills are both found in zip code 62218, amounting to $3,251. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Bartelso Assessed Value
$166,590
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 Bartelso, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62218 | $44,830 | $108,109 | $166,590 | $236,122 | $304,956 |
Source: Ownwell
Property Tax Bills Across Bartelso, Illinois
Property tax bills in Bartelso, located in Clinton County, IL, are calculated based on the assessed value of the property, which is typically a percentage of the market value. The local tax rate is then applied to this assessed value to determine the tax bill. For instance, with a median home price of $166,590, homeowners can expect varying tax bills depending on their specific property assessments and any applicable exemptions. Several factors influence the final tax bill, including the property's location, size, and improvements. In Bartelso, the tax bill for the 25th percentile is around $2,008, while for the 75th percentile, it reaches approximately $4,944. For those at the 90th percentile, the tax bill can be as high as $6,460. These figures demonstrate a significant range in tax liabilities, reflecting differences in property values and assessments. Compared to the national median property tax rate of 0.99%, Bartelso homeowners may find their tax obligations vary widely, impacting their overall financial planning and homeownership costs.
Average Bartelso Tax Bill
$3,251
Average Clinton County Tax Bill
$2,760
Average Illinois Tax Bill
$4,715
Average United States Tax Bill
$2,690
Property Tax Bills Across Bartelso, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62218 | $887 | $2,008 | $3,251 | $4,944 | $6,460 |
Source: Ownwell