Germantown, Clinton County, Illinois Property Taxes
Median GERMANTOWN, IL effective property tax rate: 2.05%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median GERMANTOWN, IL home value: $153,375
Median annual GERMANTOWN, IL tax bill: $3,005, $605 higher than the national median property tax bill of $2,400.
How are property taxes in Clinton calculated?
Property taxes in GERMANTOWN, 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 GERMANTOWN’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in GERMANTOWN, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Germantown, Clinton County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.05%
Estimate Property Tax Bill
$3,144
$2,918
Property Tax Rates Across Germantown, Clinton County, Illinois
Local government entities in Illinois set property tax rates, which can vary significantly across the state. Each year, counties estimate the budget needed to provide essential services and divide it by the total assessed value of all taxable property within their jurisdiction. This calculation determines the property tax rate. Though votes and legislation play roles in setting these rates and budgets, this is the annual process in a nutshell.
Germantown, located in Clinton County, offers an interesting perspective on property tax rates. The effective property tax rate here is a reflection of the county's financial planning and service requirements. When compared to other cities in Illinois, Germantown's property tax rate provides a snapshot of how local governance and economic conditions influence residents' tax obligations.
The median property tax rate in Illinois is notably higher than the national median, highlighting the state's reliance on property taxes for funding local services. This comparison underscores the variation in property tax burdens across the U.S. and the importance of understanding local tax dynamics.
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 Germantown Taxx Rate
2.05%
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 Clinton County Taxx Rate
2.02%
Median Effective Illinois Tax Rate
2.35%
Median Effective United States Tax Rate
0.99%
Property Tax Rates Across Germantown, Clinton County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62245 | 1.45% | 1.87% | 2.05% | 2.18% | 2.36% |
Source: Ownwell
Property Tax Assessment Values Across Germantown, Clinton County, Illinois
When examining property taxes in Germantown, Illinois, 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 Clinton 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.
In Clinton 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 Germantown.
For example, the median home price in Germantown is $153,375, with tax bills ranging significantly across the county. Zip code 62245 has the highest median home price at $153,375.
Property Tax Assessment Values Across Germantown, Clinton County, Illinois
Source: Ownwell
$37,368
$118,989
$200,610
Median Germantown Market Value
$153,375
Median Clinton County Market Value
$140,970
Median Illinois Market Value
$194,700
Median United States Market Value
$244,900
Property Tax Assessment Values Across Germantown, Clinton County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62245 | $71,094 | $109,192 | $153,375 | $214,538 | $269,556 |
Source: Ownwell
Property Tax Bills Across Germantown, Clinton County, Illinois
In Germantown, located in Clinton County, IL, property tax bills are determined based on the assessed value of a home, which is a percentage of its market value. Local tax rates are applied to this assessed value to calculate the annual property tax bill. Factors such as property location, market fluctuations, and local government budgets can influence these rates. Homeowners in Germantown face a median property tax bill of $3,005, which is significantly higher than the national median of $2,400. This elevated tax burden can impact homeowners’ financial planning and affordability.
Ownwell offers valuable assistance to homeowners in Germantown by providing property tax appeal and exemption services. Our experts analyze your property tax assessment to identify potential errors or overvaluations. By leveraging our expertise, homeowners can potentially reduce their tax bills, easing the financial strain. With Ownwell's guidance, you can navigate the complexities of property tax assessments and ensure you're not overpaying, allowing you to save money and invest in other priorities.
Median Germantown Tax Bill
$3,005
Median Clinton County Tax Bill
$2,760
Median Illinois Tax Bill
$4,715
Median United States Tax Bill
$2,690
Property Tax Bills Across Germantown, Clinton County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62245 | $1,135 | $1,937 | $3,005 | $4,506 | $5,697 |
Source: Ownwell