Arthur, Coles County, Illinois Property Taxes
Median Arthur, IL effective property tax rate: 2.40%, significantly higher than the national median of 1.02%, but slightly higher than the Illinois state median of 2.35%.
Median Arthur, IL home value: $122,496
Median annual Arthur, IL tax bill: $2,790, $390 higher than the national median property tax bill of $2,400.
How are property taxes in Coles calculated?
Property taxes in Arthur, 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 Arthur’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Arthur, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Arthur, Coles County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.4%
Estimate Property Tax Bill
$2,940
$2,728
Property Tax Rates Across Arthur, Coles County, Illinois
Local government entities determine tax rates, which can vary significantly within a state. This variation is due to each county estimating its annual budget requirements for services and dividing this by the total value of all taxable property in its jurisdiction. This calculation results in the property tax rate. Although votes and laws play a role in setting these rates and budgets, this is the fundamental process followed each year.
In Arthur, located in Coles County, Illinois, the effective property tax rate stands at 2.40%. This rate is notably higher than the national median property tax rate of 1.02%. Within Illinois, Arthur's rate is among the highest, reflecting the unique budgetary needs and property values of the area. Compared to the national median property tax bill of $2,400, residents in Arthur may find their bills significantly higher due to the elevated rate.
For property owners in Arthur, understanding these rates is crucial, as they directly impact the annual tax bill. Evaluating and potentially appealing property assessments can be a beneficial step in managing tax obligations effectively.
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 Arthur Tax Rate
2.40%
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 Tax Rate
2.84%
Median Effective Illinois Tax Rate
2.35%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Arthur, Coles County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61911 | 2.04% | 2.28% | 2.40% | 2.53% | 2.90% |
Source: Ownwell
Property Tax Assessment Values Across Arthur, Coles County, Illinois
When examining property taxes in Arthur, 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 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.
In Coles 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 Arthur. For example, the median home price in Arthur is $122,496, with tax bills ranging significantly across the county. Zip code 61911 has the highest median home price at $122,496.
Property Tax Assessment Values Across Arthur, Coles County, Illinois
Source: Ownwell
$55,224
$88,860
$122,496
Median Arthur Market Value
$122,496
Median Coles County Market Value
$64,296
Median Illinois Market Value
$194,700
Median United States Market Value
$235,294
Property Tax Assessment Values Across Arthur, Coles County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61911 | $12,219 | $62,470 | $122,496 | $206,608 | $302,989 |
Source: Ownwell
Property Tax Bills Across Arthur, Coles County, Illinois
In Arthur, located in Coles County, IL, property tax bills are calculated based on the assessed value of a property, which is determined as a percentage of the market value. The tax rate, applied to the assessed value, varies depending on local government budgets and needs. Factors such as local school funding, municipal services, and infrastructure improvements significantly influence the tax rate. With a median property tax bill of $2,790, Arthur's homeowners find themselves slightly above the national median of $2,400. This can impact household budgets, especially for those at the higher end of the spectrum, where bills can reach up to $7,338.
Ownwell offers a solution by providing property tax appeal services. By analyzing property assessments and market conditions, Ownwell identifies opportunities to challenge and potentially reduce over-assessed values, leading to lower tax bills. This service can be crucial for homeowners seeking to manage expenses and ensure they are not overpaying on their property taxes. Through expert guidance and support, Ownwell helps homeowners achieve significant savings on their property tax obligations.
Median Arthur Tax Bill
$2,790
Median Coles County Tax Bill
$1,659
Median Illinois Tax Bill
$4,715
Median United States Tax Bill
$2,400
Property Tax Bills Across Arthur, Coles County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61911 | $758 | $1,737 | $2,790 | $5,246 | $7,338 |
Source: Ownwell