Ashmore, Coles County, Illinois Property Taxes

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

Median Ashmore, IL effective property tax rate: 2.22%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Ashmore, IL home value: $70,425
Median annual Ashmore, IL tax bill: $1,484, $916 lower than the national median property tax bill of $2,400.

How are property taxes in Coles County calculated?

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

Last Updated March 1, 2025

Ashmore, Coles County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.22%

Estimate Property Tax Bill

$1,563

$1,451

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

Property Tax Rates Across Ashmore, 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 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, in a nutshell, this is the annual process. Below, you can compare Ashmore’s effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S.

Property Tax Rates Across Ashmore, Coles County, Illinois

Source: Ownwell

2.22%

2.64%

3.07%

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 Ashmore Tax Rate

2.22%

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 Ashmore, Coles County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
61912	1.63%	2.02%	2.22%	2.23%	2.47%

Source: Ownwell

Property Tax Assessment Values Across Ashmore, Coles County, Illinois

When examining property taxes in Ashmore, 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 Assessor's Office 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 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 Ashmore.

For example, the median home price in Ashmore is $70,425, with tax bills ranging significantly across the county. The zip code 61912 has the highest median home price at $70,425.

Property Tax Assessment Values Across Ashmore, Coles County, Illinois

Source: Ownwell

$55,224

$88,860

$122,496

Median Ashmore Market Value

$70,425

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 Ashmore, Coles County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
61912	$15,119	$33,510	$70,425	$135,558	$208,789

Source: Ownwell

Property Tax Bills Across Ashmore, Coles County, Illinois

In Ashmore, located in Coles County, IL, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. The median home price in Ashmore is $70,425, contributing to a property tax bill that ranges from $699 at the 25th percentile to $4,680 at the 90th percentile. The median tax bill in Ashmore stands at $1,484, which is below the national median property tax bill of $2,400. Factors such as home improvements and changes in the local tax rate can affect the assessed value and, consequently, the tax bill. Homeowners in Ashmore can benefit from appealing their property tax assessments to ensure they are not overpaying. Ownwell provides expert property tax appeal and exemption services, helping homeowners potentially reduce their tax bills by ensuring assessments are fair and accurate, ultimately saving them money.

Property Tax Bills Across Ashmore, Coles County, Illinois

Source: Ownwell

$1,172

$2,467

$3,762

Median Ashmore Tax Bill

$1,484

Median Coles County Tax Bill

$1,659

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Ashmore, Coles County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
61912	$360	$699	$1,484	$2,938	$4,680

Source: Ownwell