Coles County, Illinois Property Taxes
Median Coles County effective property tax rate: 2.84%, significantly higher than the national median of 1.02%.
Median Coles County home value: $64,296
Median annual Coles County tax bill: $1,659, $741 lower than the national median property tax bill of $2,400.
How are property taxes in Coles County calculated?
Property taxes in Coles County 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 your county's property tax system, exemptions, and reduction opportunities can lead to significant savings. Whether you live in Charleston or another part of Coles County, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Coles County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.84%
Estimate Property Tax Bill
$1,826
$1,694
Property Tax Rates Across Coles County, Illinois
Local government entities set tax rates, which can vary widely within a state. Annually, each county estimates its required budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, this is the annual process in a nutshell.
Coles County's effective property tax rate stands significantly higher than the national median property tax rate of 1.02%. Within Illinois, the county's rate is notable when compared to both the highest and lowest median tax rates in the state. For instance, in Oakland, the highest median tax rate is recorded, while Ashmore boasts the lowest. This disparity highlights the variation within counties.
When comparing Coles County to the U.S. median property tax rate, the difference is substantial. Such comparisons underscore the importance of understanding local tax rates, as they directly impact property owners' annual tax bills. Understanding these rates can aid in making informed decisions regarding property investments and financial planning.
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 Coles County Taxx Rate
2.84%
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 Illinois Taxx Rate
2.35%
Median Effective United States Tax Rate
0.99%
Property Tax Rates Across Coles County, Illinois
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Arcola | 2.22% | 2.39% | 2.61% | 2.78% | 2.98% |
| Arthur | 2.04% | 2.28% | 2.40% | 2.53% | 2.90% |
| Ashmore | 1.63% | 2.02% | 2.22% | 2.23% | 2.47% |
| Casey | 1.96% | 2.39% | 2.39% | 2.51% | 2.87% |
| Charleston | 1.94% | 2.23% | 2.84% | 2.84% | 2.84% |
| Gays | N/A | N/A | N/A | N/A | N/A |
| Hindsboro | 1.95% | 2.19% | 2.28% | 2.71% | 2.92% |
| Humboldt | 1.75% | 2.33% | 2.42% | 2.47% | 2.68% |
| Kansas | N/A | N/A | N/A | N/A | N/A |
| Lerna | 1.64% | 2.15% | 2.30% | 2.42% | 2.60% |
| Mattoon | 1.81% | 2.28% | 2.91% | 2.92% | 2.93% |
| Neoga | N/A | N/A | N/A | N/A | N/A |
| Oakland | 2.06% | 2.69% | 3.07% | 3.09% | 3.09% |
| Sullivan | N/A | N/A | N/A | N/A | N/A |
| Trilla | 1.30% | 2.07% | 2.36% | 2.36% | 2.59% |
| Westfield | 2.05% | 2.28% | 2.39% | 2.60% | 2.77% |
Source: Ownwell
Property Tax Assessment Values Across Coles County, Illinois
When examining property taxes in Coles County, 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 Coles 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.
Assessment notices:
In Coles 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 Coles County.
For example, the median tax bill in Coles County is $2,400, with tax bills ranging significantly across the county. Arthur has the highest median home price at $122,496.
Median Coles County Assessed Value
$64,296
Median Illinois Assessed Value
$194,700
Median United States Assessed Value
$244,900
Property Tax Assessment Values Across Coles County, Illinois
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Arcola | $11,014 | $36,570 | $119,384 | $213,518 | $289,642 |
| Arthur | $12,219 | $62,470 | $122,496 | $206,608 | $302,989 |
| Ashmore | $15,119 | $33,510 | $70,425 | $135,558 | $208,789 |
| Casey | $8,705 | $18,927 | $65,877 | $88,971 | $144,386 |
| Charleston | $23,674 | $41,031 | $68,916 | $111,327 | $178,577 |
| Gays | N/A | N/A | N/A | N/A | N/A |
| Hindsboro | $69,457 | $73,608 | $98,373 | $220,230 | $240,117 |
| Humboldt | $11,857 | $35,787 | $79,212 | $145,662 | $245,659 |
| Kansas | N/A | N/A | N/A | N/A | N/A |
| Lerna | $9,667 | $22,050 | $62,469 | $124,809 | $193,053 |
| Mattoon | $27,216 | $40,868 | $58,383 | $89,610 | $141,387 |
| Neoga | N/A | N/A | N/A | N/A | N/A |
| Oakland | $12,104 | $25,611 | $55,224 | $105,789 | $179,791 |
| Sullivan | N/A | N/A | N/A | N/A | N/A |
| Trilla | $15,621 | $31,880 | $63,837 | $88,047 | $191,628 |
| Westfield | $23,598 | $56,136 | $101,824 | $151,357 | $296,754 |
Source: Ownwell
Property Tax Bills Across Coles County, Illinois
Median Coles County Tax Bill
$1,659
Median Illinois Tax Bill
$4,715
Median United States Tax Bill
$2,690
Property Tax Bills Across Coles County, Illinois
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Arcola | $484 | $1,988 | $3,762 | $6,658 | $10,788 |
| Arthur | $758 | $1,737 | $2,790 | $5,246 | $7,338 |
| Ashmore | $360 | $699 | $1,484 | $2,938 | $4,680 |
| Casey | $411 | $593 | $1,636 | $2,265 | $3,327 |
| Charleston | $556 | $1,062 | $1,768 | $2,825 | $4,443 |
| Gays | N/A | N/A | N/A | N/A | N/A |
| Hindsboro | $1,841 | $1,992 | $2,243 | $3,963 | $5,444 |
| Humboldt | $371 | $828 | $1,897 | $3,699 | $6,561 |
| Kansas | N/A | N/A | N/A | N/A | N/A |
| Lerna | $269 | $531 | $1,374 | $2,742 | $5,182 |
| Mattoon | $598 | $1,041 | $1,570 | $2,288 | $3,710 |
| Neoga | N/A | N/A | N/A | N/A | N/A |
| Oakland | $360 | $714 | $1,544 | $2,773 | $4,633 |
| Sullivan | N/A | N/A | N/A | N/A | N/A |
| Trilla | $246 | $501 | $1,172 | $2,056 | $4,069 |
| Westfield | $791 | $1,488 | $2,574 | $3,834 | $7,457 |
Source: Ownwell