Patoka, Clinton County, Illinois Property Taxes

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

Median Patoka, IL effective property tax rate: 1.94%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Patoka, IL home value: $110,760
Median annual Patoka, IL tax bill: $2,127, $273 lower than the national median property tax bill of $2,400.

How are property taxes in Clinton County calculated?

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

Last Updated March 1, 2025

Patoka, Clinton County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.94%

Estimate Property Tax Bill

$2,149

$1,994

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

Property Tax Rates Across Patoka, Clinton County, Illinois

Local government entities determine tax rates, which can vary significantly within a state. This variation occurs because each county annually calculates its required budget to fund services and divides that by the total value of all taxable property in its area, resulting in the property tax rate. Although votes and laws play a role in setting these rates and budgets, this is essentially the yearly procedure.

In Patoka, located in Clinton County, Illinois, the effective property tax rate is 1.94%, which stands out when compared to other cities in Illinois. This rate is notably higher than the national median property tax rate of 1.02%. Such a difference can impact homeowners, as it translates into higher property tax bills compared to the national median. Understanding these rates is crucial for property owners looking to manage their expenses effectively. By being informed about local tax rates, residents can make better financial decisions and explore potential savings through property tax appeals or exemptions.

Property Tax Rates Across Patoka, Clinton County, Illinois

Source: Ownwell

1.76%

2.05%

2.33%

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 Patoka Tax Rate

1.94%

Median Effective Clinton County Tax Rate

2.02%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Patoka, Clinton County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62875	1.49%	1.76%	1.94%	2.08%	2.81%

Source: Ownwell

Property Tax Assessment Values Across Patoka, Clinton County, Illinois

When examining property taxes in Patoka, 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 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 May. 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 Patoka. For example, the median home price in Patoka is $110,760, with tax bills ranging significantly across the county. Zip code 62875 has the highest median home price at $110,760.

Property Tax Assessment Values Across Patoka, Clinton County, Illinois

Source: Ownwell

$37,368

$118,989

$200,610

Median Patoka Market Value

$110,760

Median Clinton County Market Value

$140,970

Median Illinois Market Value

$194,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Patoka, Clinton County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62875	$10,130	$59,265	$110,760	$170,746	$179,907

Source: Ownwell

Property Tax Bills Across Patoka, Clinton County, Illinois

In Patoka, located in Clinton County, IL, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor. This value is a percentage of the property's market value. Factors such as the condition of the property, its location, and recent sales of similar properties in the area can influence the assessed value. Homeowners in Patoka face a median property tax bill of $2,127, which is slightly below the national median of $2,400. However, individual tax bills can vary significantly, with some homeowners paying as little as $1,197 or as much as $3,283, depending on their property's assessed value and applicable exemptions. This variability can significantly impact homeowners' finances. Ownwell offers services to help homeowners in Patoka reduce their property tax bills by identifying potential errors in assessments and applying for eligible exemptions. By leveraging expert knowledge and experience, Ownwell can ensure homeowners pay only their fair share, potentially saving them hundreds of dollars annually.

Property Tax Bills Across Patoka, Clinton County, Illinois

Source: Ownwell

$791

$2,424

$4,056

Median Patoka Tax Bill

$2,127

Median Clinton County Tax Bill

$2,760

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Patoka, Clinton County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62875	$723	$1,197	$2,127	$3,283	$3,376

Source: Ownwell